Startups

The term startup refers to

• A government agency providing public services.
• A newly established business focused on innovation and growth.
• A non-profit organization focused on social causes.
• A large corporation with established market presence.

Startups are funded by one or more

• suppliers
• employees
• customers
• entrepreneurs

Entrepreneurs look for capital from

• loans from family members only
• personal savings exclusively
• government grants only
• various sources including investors, banks, and crowdfunding.

Startups focus on a single

• product or service
• business model
• marketing strategy
• target audience

Most of these companies are initially funded by

• crowdfunding campaigns
• bank loans
• government grants
• founders

A popular destination for startups are

• Austin
• Silicon Valley
• New York City
• London

Startups can use seed capital to

• purchase real estate
• launch a marketing campaign
• hire a full-time staff
• fund initial operations and develop their product

Market research helps to

• reduce customer satisfaction
• increase production costs
• identify consumer needs and market trends
• eliminate competition

Legal structures for startups can be

• franchise
• Sole proprietorship, partnership, LLC, corporation, cooperative
• trust fund
• non-profit organization

Who are venture capitalists?

• Venture capitalists are investors who fund startups and small businesses in exchange for equity.
• Venture capitalists are banks that provide loans to established companies.
• Venture capitalists are individuals who only invest in real estate.
• Venture capitalists are government employees who manage public funds.