Exam 7: Building the Founding Team

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Dilution refers to the change in an entrepreneur or current shareholder's percentage of ownership when a company issues additional equity.

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The talent triangle refers to business acumen, operational experience and domain knowledge.

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How much equity is commonly set aside for employee options?

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Bottom up hiring is a very traditional approach to hiring and is often used by large, well-established, corporate organizations.

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Hiring specific people with specific skills and experience is referred to as_____.

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What are the management elements that make up the talent triangle?

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An individual, or group of individuals, who provides an intense developmental relationship whereby advice, counseling and developmental opportunities are given to a protégé is commonly referred to as a:

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Describe the type of person that would make up each component of the talent triangle.

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Premature scaling is often a problem for new ventures. List the factors that can cause premature scaling.

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The core five dimensions of a startup are: customer, product, team, business model and financials

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Less that half of successful high-growth companies had similar management elements.

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Startups who scale prematurely focus on careful and consistent development of new customers.

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