Deck 7: Building the Founding Team

Question 1

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

Answer 1

False

Question 2

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

Answer 2

True

Question 3

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

Answer 3

True

Question 4

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

Question 5

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

Question 6

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

Question 7

How much equity is commonly set aside for employee options?

A) 15-20%
B) 20-25%
C) 25-30%
D) 35-40%
E) 45-50%

Question 8

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

A) business acumen, operational experience and domain knowledge
B) business acumen, profits and domain knowledge
C) Investment backing, profits and operational experience
D) Operational experience, domain knowledge and venture capital
E) None of the above

Question 9

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

A) Top down hiring
B) Premature scaling
C) Talent Triangle
D) Bottom Up hiring
E) None of the above

Question 10

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:

A) Board of directors
B) Mentor
C) Angel Investor
D) Board of Advisors
E) None of the above

Question 11

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

Question 12

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