Startup's Quiz

What does "MVP" stand for in the context of start-ups?

• Most Valuable Player

• Minimum Viable Product

• Market Validation Process

Which term refers to the funds that a start-up raises from investors in exchange for equity?

• Seed money

• Angel funding

• Venture capital

What is a "pivot" in the context of start-ups?

• A type of dance move

• A sudden change in business strategy

• A fundraising event

Who coined the term "lean start-up" and wrote the book of the same name?

• Mark Zuckerberg

• Steve Jobs

• Eric Ries

Which type of intellectual property protects original inventions or discoveries?

• Copyright

• Trademark

• Patent

What is the purpose of a SWOT analysis in a start-up context?

• Identifying market trends

• Evaluating competitors

• Assessing strengths, weaknesses, opportunities, and threats

What does "ROI" stand for in business?

• Return on Investment

• Revenue Over Income

• Risk of Inflation

Which start-up term refers to the rate at which a customer stops using a product or service?

• Conversion rate

• Churn rate

• Growth rate

What is a "unicorn" start-up?

• A start-up with a mythical business idea

• A start-up valued at over $1 billion

• A start-up focused on animal-related products

What does the term "burn rate" mean in a start-up’s financial context?

• The speed at which a start-up grows

• The rate at which a start-up spends its available funds

• The rate of customer acquisition