Part 2 Entrepreneurial Journeys

What ethical decision did Shake Shack make regarding the PPP loan?

• They donated the loan to charity.

• They returned the loan, realizing it was meant for smaller businesses.

• They chose to keep the loan for future expansions.

• They decided to apply for an additional loan.

What role did talent recognition play in Shake Shack's success?

• It was less important than financial investment

• It played an outsized role

• It was the sole factor

• It was insignificant

What was a key factor in Danny Meyer's success in the restaurant industry?

• Focusing solely on being the chef

• Recognizing and delegating talent effectively

• Investing in technology only

• Expanding rapidly without planning

What unique blend of skills contributed to Bryn Putnam's success?

• Her creativity and analytical problem-solving skills

• Her ability to speak Russian only

• Only her analytical skills

• Solely her experience in ballet

How did Bryn Putnam secure funding for Mirror?

• By partnering with a male co-founder

• Through a functional prototype only

• By waiting until after her pregnancy to pitch

• By presenting a non-functional but visually appealing prototype

What inspired Bryn Putnam to create Mirror?

• The lack of quality in-home fitness options

• Her background in Russian literature

• A desire to continue her ballet career

• The success of other tech startups

What was a significant factor in securing Series A funding for Mirror?

• The visually appealing, though non-functional, prototype

• The functional prototype's technical prowess

• Bryn's decision to wait until after childbirth

• A strong emphasis on Russian literature

What was Mirror's biggest challenge after its rapid success?

• Developing new content

• Marketing the product

• Ensuring the supply chain could support its growth

• Designing the product

How did Mirror differentiate itself in the home fitness market?

• Through its unique use of mirror technology for feedback

• By limiting its content to beginner levels

• By focusing on ballet training only

• By offering the cheapest product

What future potential does Bryn see for Mirror beyond fitness?

• Creating a new type of interactive home screen

• Developing Russian language content

• Expanding into restaurant business

• Focusing solely on ballet fitness