What is a unicorn in the startup world?

A startup valued at over one billion dollars

Why do we care about problems?

They define the direction of a business

What is the primary purpose of a business plan?

To outline strategies and financial projections

In regards to pollution, which specific scope would be best for a problem?

Lots of microplastics found in urban runoff are impacting nearby farms

An important part of human relationships!, The backbone for problem understanding!

What does K.E.B.C.S. stand for?

It's the same thing as BECKS :)

What is bootstrapping?

Starting a business without external funding

What is the Evolve Club Slogan?

"Ask for forgiveness, not permission"

What does B.E.C.K.S. stand for?

Bias, Empathy, Constraints, Knowledge, Specificity

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Becks in Beck

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Questions 20

Answers

1
Which of these is a bad source of knowledge?
Data
Sensational Media Reports
Personal Experiences
Market Surveys
2
What is a unicorn in the startup world?
A weird looking horse
A startup valued at over one billion dollars
A startup that makes a lot of money
A startup that doesn't need funding
3
What does 'SaaS' stand for?
System as a solution
System as a service
Software as a Service
Software as a solution
4
What is the second step in the rough entrepreneurial timeline?
Problem
Solution
Validation
Make money
5
Why do we care about problems?
You should always have a solution before identifying a problem
They define the direction of a business
Because theyre annoying
I just ignore my problems until they disappear
6
What is the primary purpose of a business plan?
A deck to show off how cool your company is
To outline strategies and financial projections
Steps to designing a product
To define a company's hierarchy
7
In regards to pollution, which specific scope would be best for a problem?
There is a puppy factory nearby and everyone loves puppies but I'm allergic
Economies are using too much fossil fuels and it has bad effects on people
People are using a lot of plastics and it's ending up in the oceans
Lots of microplastics found in urban runoff are impacting nearby farms
8
What is the business model that Uber and AirBnB follow called?
B2B
SaaS
E-Commerce
Sharing Economy
9
Which of these affect your biases?
Perceptions
Experiences
Assumptions
All the above
10
What does MVP stand for?
Market Validation Process
Most Viable Product
Max Value Proposition
Minimum Viable Product
11
Empathy is...
An important part of human relationships!
A Jedi mind trick that entrepreneurs use to get you to buy their stuff!
The backbone for problem understanding!
Useless and has no place in business!
12
What does K.E.B.C.S. stand for?
Knowledge, Entrepreneurship, Balance, Creativity, Strategy
Knowledge, Empathy, Bias, Constraints, Secrets
Keynote, Efficiency, Balance, Connections, Synthesis
It's the same thing as BECKS :)
13
Which does not describe an entrepreneur?
Innovative
Risk-averse
Resilient
Proactive
14
What company was originally founded in a garage?
Nike
McDonalds
Coca-Cola
Amazon
15
What is bootstrapping?
Starting a business without external funding
Starting a cobbler business (very common in midevil England)
Hiring only essential employees
Starting a business with only outside investment
16
What is the Evolve Club Slogan?
"This is NOT a pyramid scheme"
"Risk it for the biscuit"
"Ask for forgiveness, not permission"
"Believe in yourself!"
17
Which one of these is a REAL constraint?
Environmental impact
Budget
What's possible
User wants
18
What does B.E.C.K.S. stand for?
Brain, Ears, Cuticles, Knees, and a smile! :)
Bias, Empathy, Concentration, Knowledge, Swearing
Bread, Eggs, Cream, Krab, Strudel
Bias, Empathy, Constraints, Knowledge, Specificity
19
What's happening this Thursday?
Wyeth's Birthday
Beck Venture Center Grand Opening
B & C
Mines Entrepreneurship Showcase
20
What is a pivot?
A financial metric
A marketing strategy
Altering a business model
A legal restructuring of a company

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