Thank you. Your responses have been recorded.
Please see the correct answers below.
1. E. WHY you feel so compelled to start this business is more imperative than the Who, What, When, Where and How. What’s the reason you want to do this startup.
2. TRUE. Starting with the smallest subset of the problem you’re trying to solve. Make those people happy and grow from there.
3. FALSE. It’s a huge advantage if your startup is solving a problem you personally identify with; that inside-man vantage point is priceless. You feel the users pain.
4. FALSE. It takes 10 years to succeed - you better make sure the market is going to be there. Growing with the market is ideal.
5. FALSE. First version of the product doesn’t need to sound big; it just needs to sound smart.
6. FALSE. The market size you’re going to after today is good but not as important as whether or not there will still be a market in 5 years. The world is moving faster than ever.
