Exam 1 Flashcards
(25 cards)
At this famous entrepreneur’s company all meetings start with a narrative memo, and PowerPoint is banned.
Jeff Bezos
This Silicon Valley startup accelerator was co-founded by computer scientist Paul Graham.
Y-Combinator
This famous company started when the founder, Drew Houston, kept forgetting his USB sticks and needed access to his files.
drop box
Ideas that seem appealing, suck founders in and almost certainly lead to failure.
Tarpit
According to PG, the “very best” startup ideas have three things in common:
1) founders want it
2) few others realize its worth doing
3) founders can build it
This term describes the transformation of a novel concept into a revenue and profit-generating model.
Innovation
This type of innovation is a change in the end products or services delivered to customers.
Product Innovations
This type of innovation refers to the process of making small, continuous improvements to existing products, services, or processes.
Incremental Innovation
This type of innovation redefines markets by changing the way consumers, industries, or businesses operate.
Disruptive Innovation
The founders of this Palo Alto company interviewed over 100 restaurant owners to identify their challenges and develop the best possible solution.
Door dash
The act of creating a new product or process.
Invention
This type of innovation is a change in the way products or services are produced, delivered, or supported.
Process Innovation
This type of innovation refers to the development of new products, services, or processes that represent a significant departure from existing practices and offer novel solutions.
Radical Innovations
This product innovation forever changed the way notes are taken in offices worldwide since its invention in 1974.
sticky notes
This company introduced the concept of “Just-in-time-inventory” and direct selling to the personal computer market.
Dell
New ways that a business can make money.
Business Model Innovation
This describes the benefits and solutions a product or technology delivers to its users.
Value Proposition
It determines the group of people or businesses that will benefit from the technology.
Market segment
It explains how the business will collect money from its users or customers.
Revenue Generation Mechanism
A business model where the primary product is sold at a low price or even at a loss, while complementary consumables generate ongoing revenue.
The razor-and-blades model
Who COULD HAVE brought the computer mouse to market but chose not to?
Xerox
This early mascot of the McDonald’s brothers emphasized the rapid pace with which food was created and served.
Speedy
What company designed this innovative delivery truck for Amazon?
Rivian
(graph of music listening over the years)
Streaming disrupting the music industry
