You Have Just Received Seed Money for a New Internet

question 154

Multiple Choice

You have just received seed money for a new Internet business and you want to hire a dozen people with a lot of creative potential. To hire the most creative people, you would select applicants who:

• A)try to avoid taking risks, have a high need for achievement, and have a high need for social approval.
• B)value self-direction, have a high degree of nonconformity, and have a relatively low need for affiliation.
• C)have strong mental models regarding their field of knowledge, have high synthetic intelligence, and have a relatively low need for social approval.
• D)have no experience in this industry, have high analytic intelligence, and have a relatively low need for achievement.
• E)have none of these sets of characteristics.

Understand the importance and mechanisms of equity and compensation in motivating key individuals within a venture.

Appreciate the concepts and strategic implications of ownership structure and advisory roles in venture development.

Comprehend the significance of time-to-market and its impact on a startup's success.

Recognize the successful traits and responsibilities of entrepreneurial leaders.

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Definitions:

Spindle

A rotating axis of a machine, which tools or workpieces attach to for machining purposes.

Magnetic Disk Storage

Magnetic disk storage is a type of data storage that uses magnetic storage to record and retrieve digital information using one or more rotating disks.

Floppy Disk

A magnetic storage medium encased in a square or rectangular plastic shell, used primarily in the late 20th century for storing computer data.

Compiling

The process of converting source code written in a high-level programming language into machine code that can be executed by a computer's processor.