B02 - Kaufmann Foundation Video Series #2
Q.1
The Kauffman Sketchbook video titled Money Game, Where Do Entrepreneurs Get Their Money talked about many different sources from which people draw upon to start new businesses. Which of the following were stated in the video?
The single largest funding source that entrepreneurs use for starting a new business is from their personal savings, followed next by drawing funding from their personal credit cards.
The third largest source of funding for entrepreneurs is from friends and family, followed by borrowing from banks.
Surprisingly the fifth largest source of entrepreneurial funding is from venture capital. Less than 20% of all fast growth companies take any money from venture capitalists.
All of the above.
Q.2
According to the Kauffmann Sketchbook video titled Money Game, Where do Entrepreneurs Get Their Money, funding from a venture capitalist is:
Just like a bank
Helps entrepreneurs have more control over their destiny
Money given in exchange for shares in a business
None of the above
Q.3
The Kauffmann Sketchbook video titled Wizard of Fundz talks about a company called Indiegogo. How is Indiegogo’s funding process different than other capital sources for entrepreneurs?
It provides open opportunity to any entrepreneur for access to capital
It requires an application process
It is not much different than a bank
It does not act as an amplifier for new businesses
Q.4
The Kauffmann video Wizard of Fundz states that based on a 47 day fund raising campaign, the average number of days for a startup company to reach its goal is:
25
36
48
50
Q.5
What was the key message of the Kauffman video titled, Will It Be You?
The next great entrepreneur with an idea to change the world is out there. Will it be you?
Will it be you who tries and fails to start a new business?
Will you be the one to work at a desk or in a factor, or will it be you who owns their own business.
None of the above