InDinero, the Company Profiled in the Opening Feature for Chapter

question 36

Multiple Choice

inDinero, the company profiled in the opening feature for Chapter 10, is described by its cofounders as "the fastest way for small businesses to manage their finances." Which of the following is not true about inDinero's founding story?

• A) In 2009, inDineor's founders applied to TechStars, which is a Boulder, CO-based seed-stage fund/incubator, and were turned down.
• B) The idea for inDinero originated in mid-2009 while its cofounders were still in college.
• C) In April 2010, the founders of inDinero applied to Y Combinator, an organization that provides seed-stage funding, mentorship, and networking opportunities to participants, and were turned down.
• D) inDinero reportedly has over 15,000 users .
• E) In late 2009 and early 2010, the founders of inDinero tried to raise angel funding and were unsuccessful.

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Definitions:

Fetus

A developing mammal or human from the end of the embryonic stage, recognizably human in form, until birth.

Amnion

A thin membrane forming a closed sac around the embryo in amniotes, containing the amniotic fluid, which provides a protective environment.

Gastrula

An early stage in embryonic development that follows the blastula, characterized by the formation of germ layers.

Archenteron

is the primary gut that forms during early embryonic development in animals, leading to the formation of the digestive tract.