1. Select the statement about founders that is not true: The average age for receiving venture capital is 42 Overconfidence increases the chance of launching a venture, but not the chance of success Women start nearly 40% of businesses in the US Founders in their 20s succeed at a higher rate than founders in their forties 2. What can accurately predict whether you will be a successful entrepreneur? Your attitude towards entrepreneurship Your personality Your level of confidence in your idea None of the options are true 3. The original iPhone was a(n)the iPhone 6s was a(n) Radical innovation; discontinuous innovation Discontinuous innovation; radical innovation Incremental innovation, discontinuous innovation Discontinuous innovation; incremental innovation 4. What is an example of established firms cultivating Innovation through internal development? Separate R&D labs All answers are true Dedicated time for individuals (e.g. 20% time) Sabbatical 5. In 2014, high-tech small businesses (less than 250 employees) created _% of private sector jobs. 0 20-30% 30-40% O 0-10% 10-20% 6. Impact entrepreneurs can scale through which of the following methods? All answers are true Increase geographic reach through franchises Partner with someone who has last-mile reach at scale Influence policy changes