C19 - Flash Starts
Q.1
Charles Stack, Co-Founder and CEO, discussed the rich and vibrant Entrepreneurial Ecosystem in Northeast Ohio. Which of the following is not part of that Ecosystem?
Entrepreneurs
Accountants
Accelerators
Angel investors
Q.2
According to Mr. Stack, Flash Starts provide a Summer Accelerator Program where they swap ____________ for _____ equity to startups with a big idea.
$10,000, 10%
$5000, 10%
$25,000, 8%
$20,000, 5%
Q.3
Mr. Stack described the process of “Rapid Iteration” as one of the keys to being a successful entrepreneur. Which of the following best explains this process?
Build your idea a little, show your idea to customers and get feedback. Repeat this process quickly over time.
Think twice about starting your own business
Once you are up and running the challenges will diminish
None of the above
Q.4
Flash Starts utilizes a unique model to compensate interns which encourages them to be productive. Which of the following is that model?
Interns are paid minimum wage
In-house startup teams award points to interns that are highly productive that translate to a bonus dollars
Interns are not compensated
All interns receive a $500 bonus
Q.5
Mr. Stack recommended skills needed for perspective entrepreneurs. Which of the following is not one of those skills?
Internet
Excel
Public speaking
Word processing