EDA NM Rainforest University Center - So You Want to Start a Start-up?

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Complete this assessment to receive credit for viewing the April 6, 2022 New Mexico Rainforest EDA University Center Seminar, "So You Want to Start a Startup?" by Susan Cornelius. 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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Name *

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UNM Branch Campus (if applicable)

Gallup

Taos

Valencia

Los Alamos

Main Campus

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1. According to Susan's presentation, what is the key first step to starting a start-up? *

Filing for your LLC

Creating an in-depth business plan

Conducting customer discovery/talking to your customers and potential customers

Getting funding

2. True or False? There is only one specific order of steps that you need to follow exactly in order to successfully start your startup. *

True

False

3. True or false? A key step in start a tech start-up is hypothesizing and researching your market and customer segments. *

True

False

4. What is customer discovery? *

5. List a few ways in which you can begin carrying out customer discovery for your specific start-up or idea. *

6. True or false? According to Susan's presentation, when starting a start-up, you should hypothesize a timeline of no longer than 18 months to create your prototype and complete your market research & pitch deck. *

True

False

7. True or false? Once you begin to engage in your customer discovery work, you will most likely find that you are not hitting your target market. In this case, you will need to pivot your original idea in order to reach the correct customers. *

True

False

8. What is the Business Model Canvas? (Take your time to fill out one for your startup from the handouts) *

9. Think about yourself, your life, your goals and your ideas. What difference do YOU want to make? How will your startup reflect this? *

10. Based on your thoughts and answers to question 9, what is your company's value proposition? Brainstorm below. *

A copy of your responses will be emailed to the address you provided.

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