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Unformatted text preview: a. An excellent business opportunity; b. An excellent management team; c. Both are equally important. 7. The initial startup capital is mostly provided by a. Banks; b. Business angels; c. Government; d. The entrepreneur herself, her family and her friends; e. Venture capitalists. 8. Most startups will, eventually, seek and obtain angel and VC funding a. True b. False 9. Which of the following classifications of customers is probably least sensitive to the price of the product? a. Innovators b. Early adopters c. Early majority d. Late majority e. Laggards 10. The idea that an existing company might have a difficult time developing a new product for a new market because it listens closely to current customers is known as a. Crossing the chasm b. First mover advantage c. Network economies d. The S curve e. Tyranny of the current market...
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This note was uploaded on 08/12/2010 for the course AEM 1230 at Cornell.