Question 1

The most important thing about a startups finances is?

Group of answer choices

Cash in the bank

Valuation on a term sheet

Revenue

Percentage of equity owned by founders

Question 2

One key difference between working in a corporate vs a startup is?

Group of answer choices

In a startup role you learn more

In a corporate role you get paid less

In a corporate role you make all the big decisions

In a startup role you have more time to do what you want

Question 3

You are the CEO of a startup and you are wanting to hire a CTO, you have found the perfect candidate but they want a lot of equity. If you don't get a CTO soon the whole company will fold, what would be the best practice approach of the options below?

Group of answer choices

Give them the equity but vest the equity over 3 years to ensure longevity in the role

Give them the equity there is no point owning 100% of a tiny startup

Give them the equity

Find someone else, no one will take equity from you

Question 4

What is not a key metric in a startups finances?

Group of answer choices

Debt-Equity Ratio

CAC

Runway

MRR

Question 5

You have a great idea for a startup, what do you do next?

Group of answer choices

Try to sell someone a basic version of your value proposition

File for a patent to protect your great idea

Find a team of cofounders to build the startup with you

Start talking to investors to raise your seed round