Entrepreneur Challenge MCQ Questions Answers

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

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

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

4. What's a "full ratchet"?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

19. What does it mean to be oversubscribed?

20. An Entrepreneur is a person who

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

22. What is an Incubator?

23. What is a sole proprietorship?

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

25. How many owners may an LLC have?

26. What is a seed round?

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

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

29. What is "sweat equity"?

30. What is Due Dilligence?

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

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

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

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

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

36. What is a Cap Table?

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

38. What is a convertible note?

39. Sequoia is a(n):

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

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

42. What's CoCA?

43. What is a split test?

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

45. What is attrition?

46. 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.

47. Which company did Larry Page co-found?

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

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

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

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

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

53. What is "deal fatigue"?

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

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

56. What is an Exit Strategy?