ELEC4445-Quiz 3: Focus on Opportunity

Q1: Who were the first investors into Scott Cook's new venture, Intuit?

A1: Friends, family and fools

Q2: What is considered as the starting point of any new venture?

A2: the analysis of the opportunity

Q3: We saw that, in the context of entrepreneurship, "sea changes" can results in broad market shifts or even societal shifts. If you could name one such sea change for the year 2020, what would it be?

(2 Points)

A3: work from home because of the COVID lockdown in 2020

Q4: Who said “[there] is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will”

A4: Albert Einstein

Q5: Would you say that patents can constitute barriers to entry in a given market?

A5: Yes

Q6: According to Art Technica reporting, what was the main reason for Microsoft to stop the development of new features for its Windows Mobile operating system?

A6: Lack of developers committed to the platform

Q7: The analysis of an opportunity is central to the establishment of a startup. What is the logical sequence of events that justify this statement?

A7: Business model, financial analysis, company valuation

Q8: Which of the following entries is NOT a barrier to entry

A8: declining market