General Entrepreneur Challenge MCQs

1. What is an Exit Strategy?

2. What is the primary difference between angels and venture capitalists?

3. Which type of venture exit typically has the largest payoff for founders and investors?

4. What is "deal fatigue"?

5. The idea "fail fast, fail often" refers to?

6. For a company that runs a free web app, which of these metrics would be described as a vanity metric?

7. What are the "Three F's" of early-stage financing?

8. Which of the following involves the least outside capital coming into the company?

9. What does it mean to "syndicate" an investment?

10. Which company did Larry Page co-found?

11. True or False: In a limited partnership the day-to-day operations are controlled by general partners and funded by limited or silent partners who are legally responsible for losses based on the amount of their investment.

12. What is attrition?

13. What is the Valley of Death in regards to fundraising?

14. What is a split test?

15. What's CoCA?

16. What's the "DA" stand for in EBITDA?

17. What does the legal acronym DBA traditionally stand for?

18. Sequoia is a(n):

19. What is a convertible note?

20. Entrepreneurs who operate a self-financed startup without external fundraising are said to be?

21. What is a Cap Table?

22. What is one of the differences between a trademark and a patent?

23. If you get $10,000 for 10% of your company, your company valuation is...

24. What does "ramen profitable" mean for a startup?

25. In start ups, the term "M&A" refers to:

26. Which of the following isn't part of the traditional Marketing Mix?

27. What is Due Dilligence?

28. What is "sweat equity"?

29. An entrepreneur who continually comes up with new ideas and starts new companies is considered a:

30. What's the classic 80/20 rule (the Pareto principle) with regards to marketing?

31. What is a seed round?

32. How many owners may an LLC have?

33. What does the term "priced round" mean?

34. What is a sole proprietorship?

35. What is an Incubator?

36. Which of the following is NOT a recognized entrepreneurial influencing skill?

37. An Entrepreneur is a person who

38. What does it mean to be oversubscribed?

39. Sole proprietorships and LLC's are similar in that they:

40. How is the post-money valuation of a company determined?

41. What does "MVP" stand for in Lean Startup methodology?

42. What is a "discount rate" on a convertible note?

43. What is Guy Kawasaki's famous 10/20/30 rule?

44. What is the maximum number of shareholders an S corporation may have?

45. The challenge of "crossing the chasm" refers to reaching which group of customers?

46. What is another word/term for using feedback from users to improve your product/service?

47. According to Dave McClure of 500 Start-ups, what three people does every tech start-up need?

48. What legal entity is the most Venture Capital friendly?

49. What type of branding is considered the default "brand architecture" and is used by most entrepreneurs?

50. For high-growth ventures, which series of funding is typically used for sales acceleration and marketing over initial product development?

51. An investment "term sheet" establishes the basic terms and conditions of an investment and is:

52. Which of the following is NOT a benefit of registering a trademark?

53. What's a "full ratchet"?

54. Developing a new idea by thinking without constraints is?

55. What is the name for an initial time period during which employee stock options are not vested called?

56. Which of the following is an online Q&A video platform available for Entrepreneurs?