Identify three start-ups, other than those discussed in the chapter and listed in Table 2.2, which were started to solve a problem. Briefly describe the problems the three start-ups are solving and how they are going about doing so.
Answer to relevant QuestionsAs mentioned in the chapter, “prior experience” in an industry helps entrepreneurs recognize business opportunities. This concept of “help” extends to prior experience in any aspect of life—whether it is sports, ...What personal characteristics does Drew Houston possess that suggest he may have what it takes to be a successful entrepreneur? How can finding a gap in the marketplace create a business opportunity? How can a start-up that hasn’t already launched apply the lessons learned from Gross’s experience with JumpStart and grade-specific software products? What are some of the techniques a start-up can use to estimate its potential financial performance by comparing it to similar, already established businesses?
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