ENT101 finals| Questions and Correct Answers
America is
an incubator for entrepreneurship
Farmers came to America for
Entrepreneurship and religious freedom
pursuit of happiness
meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many
times in BOM?
33
The american dream requires
rules and laws to be followed
Joseph is an analogy of?
America
Entrepreneurship is the primary driver of
innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in
changing the world though growth and innovation
,productive efficiency
use of resources in least costly way
allocative efficiency
produce what society wants
creative destruction
the essential fact about capitalism
-creating new things to disrupt the old way of doing things
kickstarter
Website created to help fund people
young and new companies are
the primary job creator
entrepreneurship eliminates
perceived/real biases
entrepreneurship is the primary driver of
philathropy
entrepreneurs median charity is
50% higher than non ents
startup
a new business that is getting started
, side hustle
part time business- startups often start off like this
franchise
run a business that was already started (ex: chip)
small business
business that is not trying to scale
seed funding
earliest investment $ into a new startup. used to validate, prototype, informal investing
venture capital
equity investment.
- ownership of a company
- used for early stage and growth companies.
- large amounts of risk
- pension funds invest in venture capital
Matt alexander - illumibowl
founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse
America is
an incubator for entrepreneurship
Farmers came to America for
Entrepreneurship and religious freedom
pursuit of happiness
meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many
times in BOM?
33
The american dream requires
rules and laws to be followed
Joseph is an analogy of?
America
Entrepreneurship is the primary driver of
innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in
changing the world though growth and innovation
,productive efficiency
use of resources in least costly way
allocative efficiency
produce what society wants
creative destruction
the essential fact about capitalism
-creating new things to disrupt the old way of doing things
kickstarter
Website created to help fund people
young and new companies are
the primary job creator
entrepreneurship eliminates
perceived/real biases
entrepreneurship is the primary driver of
philathropy
entrepreneurs median charity is
50% higher than non ents
startup
a new business that is getting started
, side hustle
part time business- startups often start off like this
franchise
run a business that was already started (ex: chip)
small business
business that is not trying to scale
seed funding
earliest investment $ into a new startup. used to validate, prototype, informal investing
venture capital
equity investment.
- ownership of a company
- used for early stage and growth companies.
- large amounts of risk
- pension funds invest in venture capital
Matt alexander - illumibowl
founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse
