2.09 (G) Module 2 Quiz - Building the Founding Team
Module 2 Quiz: Building the Founding Team TOTAL POINTS 10
Question 1 What percent of venture-backed firms fail because of problems within the senior management team?
65%
35%
55%
45%
Question 2 What are the three Rs of founding teams in Noam Wasserman's model? Relationships, Roles, and Resources
Relationships, Rules, and Resources
Relationships, Rules, and Rewards
Relationships, Roles, and Rewards
Question 3 What percent of high growth startups have co-founders?
84%
74%
64%
54%
Question 4 Prechelt (2000) found that programmers in the top 25 percentile (by performance) can perform _ higher than those in the bottom 25 percentile.
6x
4x
27x
2x
Question 5 Research within the video game industry showed that _ percent of variation between the performance of games can be attributed to middle managers at the video game developer.
22%
21%
7%
31%
Question 6 True or False? When forming a team, you should always choose people who are different from you to maximize performance.
True
False
Question 7 What is Peter Thiel's Law? Would-be entrepreneurs are told that nothing can be known in advance
All of these are true
A startup messed up at its foundation cannot be fixed
Create a minimum viable product and iterate your way to success
Question 8 What is a method to address known unknowns in a founder's agreement? Contingent provisions
Building trust
Unequal equality
Standard provisions
Question 9 Why is the market value of sweat less than the market value of cash?
All of these are true
Cash is “king”
Cash investments are made with after-tax funds
People typically do not quit their jobs to work on startups full-time
Question 10 Allocating equity among founders should be based on the relative value of the assets the founders contribute, including:
Cash
The original idea
All of these
Sweat
1 point
