Ent 101 final
America is - Answer-an incubator for entrepreneurship
Farmers came to America for - Answer-Entrepreneurship and religious freedom
pursuit of happiness - Answer-meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many times in
BOM? - Answer-33
The american dream requires - Answer-rules and laws to be followed
Joseph is an analogy of? - Answer-America
Entrepreneurship is the primary driver of - Answer-innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in - Answer-changing the world though growth and innovation
productive efficiency - Answer-use of resources in least costly way
allocative efficiency - Answer-produce what society wants
,creative destruction - Answer-the essential fact about capitalism
-creating new things to disrupt the old way of doing things
kickstarter - Answer-Website created to help fund people
young and new companies are - Answer-the primary job creator
entrepreneurship eliminates - Answer-perceived/real biases
entrepreneurship is the primary driver of - Answer-philathropy
entrepreneurs median charity is - Answer-50% higher than non ents
startup - Answer-a new business that is getting started
side hustle - Answer-part time business- startups often start off like this
franchise - Answer-run a business that was already started (ex: chip)
small business - Answer-business that is not trying to scale
seed funding - Answer-earliest investment $ into a new startup. used to validate, prototype, informal
investing
venture capital - Answer-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 - Answer-founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse - Answer-lots of prototyping. kept searching for an idea
- used kickstarter
Angel Investors - Answer-and individual who is rich and has money to invest
- must make 250k a year or have 1million net worth
Series A/b/c - Answer-- series A is the first round of investing- other rounds occur when the company is
reevaluated
debt financing - Answer-getting money from the bank
- can't be used for tech because software isn't tangeable
-cheapest form of $
boot strapping - Answer-when entrepreneurs decide to finance their own ventures
sweat equity - Answer-ownership earned in lieu of wages
America is - Answer-an incubator for entrepreneurship
Farmers came to America for - Answer-Entrepreneurship and religious freedom
pursuit of happiness - Answer-meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many times in
BOM? - Answer-33
The american dream requires - Answer-rules and laws to be followed
Joseph is an analogy of? - Answer-America
Entrepreneurship is the primary driver of - Answer-innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in - Answer-changing the world though growth and innovation
productive efficiency - Answer-use of resources in least costly way
allocative efficiency - Answer-produce what society wants
,creative destruction - Answer-the essential fact about capitalism
-creating new things to disrupt the old way of doing things
kickstarter - Answer-Website created to help fund people
young and new companies are - Answer-the primary job creator
entrepreneurship eliminates - Answer-perceived/real biases
entrepreneurship is the primary driver of - Answer-philathropy
entrepreneurs median charity is - Answer-50% higher than non ents
startup - Answer-a new business that is getting started
side hustle - Answer-part time business- startups often start off like this
franchise - Answer-run a business that was already started (ex: chip)
small business - Answer-business that is not trying to scale
seed funding - Answer-earliest investment $ into a new startup. used to validate, prototype, informal
investing
venture capital - Answer-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 - Answer-founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse - Answer-lots of prototyping. kept searching for an idea
- used kickstarter
Angel Investors - Answer-and individual who is rich and has money to invest
- must make 250k a year or have 1million net worth
Series A/b/c - Answer-- series A is the first round of investing- other rounds occur when the company is
reevaluated
debt financing - Answer-getting money from the bank
- can't be used for tech because software isn't tangeable
-cheapest form of $
boot strapping - Answer-when entrepreneurs decide to finance their own ventures
sweat equity - Answer-ownership earned in lieu of wages
