1. The first source of startup money an entrepreneur often taps is: a) A list of angel...
Question:
1. The first source of startup money an entrepreneur often taps is:
a) A list of angel investors provided by business associates.
b) His or her network of friends and family members.
c) His or her own personal savings.
d) A venture capitalist firm.
2. More than half of all informal investing in U.S. startups and growing companies is by:
a) Friends
b) Angel investors
c) Family members
d) Both "friends" and "angel investors" are correct
3. The easiest startup money an entrepreneur may ever find can come from his or her:
a) Contact with angel investors
b) Friends and family network
c) Fellow entrepreneurs
d) Both "contact with angel investors" and "fellow entrepreneurs" are correct
4. Sweat equity is the value added to a startup business by:
a) Friends and family investors.
b) Commercial business incubators.
c) Entrepreneurs.
d) Angel investors.
5. Which of the following sources of startup funding are considered professional investors?
a) Friends
b) Venture capitalist firms
c) Angel investors
d) Family
6. A pitch to potential investors should:
a) Define a new business's product and services.
b) Identify a new business's major competitors.
c) Illustrate planned exit strategies.
d) All of the choices are correct
Expert Answer:
