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Please see the correct answers below.
1. E. The definition of a startup idea goes beyond the product you’re building it includes a bunch of other variables like the size or direction of the market, your defensibility strategy, customer acquisition plan, etc, etc...
2. FALSE. Trust your gut and supporting data instead of other people’s opinions. Great ideas, though simple, are typically multifaceted with many layers that another person simply won’t ‘see’ right off the bat.
3. TRUE. Great missions are very easy to explain and very easy to understand.
4. TRUE. You have to simplify your idea so you can explain it to anyone in one sentence.
5. TRUE. Good startups usually take ten years; that’s not an exaggeration.
6. D. A good Idea has data backing it’s hypothesis, a great mission and gets a certain reaction out of people. Love it or hate it; you may be onto something.
