EDA NM Rainforest University Center - Why Startups Fail
Complete this assessment to receive credit for viewing the March 30, 2022 New Mexico Rainforest EDA University Center Seminar, "Why Startups Fail" by Mike Freeman. This quiz is based on both the seminar and the handouts. The recorded seminar and handouts are available at NMRainforest.com
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1. In addition to technology risk, what is another reason why businesses face the risk of failing? *
2. True or False? Startups are more likely to fail when they pursue a model with complex operations, require inventory of physical goods and/or have large capital requirements. *
3. True or False? Startups that are struggling or that have shut down most likely conducted significantly less customer discovery/research than those who succeed. *
4. How do you know if you have identified an attractive opportunity and determined what resources are required to capitalize on it? *
5. List the four parts that the diamond framework breaks a startup's opportunity into. *
6.  List the four parts that the square framework breaks a venture's key resource providers into. *
7. List three key elements that a startup must identify in their customer value proposition. *
8. What is a startup's profit formula? *
9. True or False?  A startup's founder fit  and team has a decisive impact on the startup's outcome. *
10. True of False? Finding aligned early investors is essential to a startup's success. *
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