Entrepreneurship quiz
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Which streaming service began by renting DVDs by mail?
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More questions about Entrepreneurship
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Where do most US companies get their startup money?
Answer: Personal savings
Why: In US Census data about 64% of employer firms used owners' savings to start, while about 18% used bank loans.
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What did Nokia begin as in 1865?
Answer: Wood pulp mill
Why: Rubber and cables came from two separate Finnish firms that merged with Nokia to form Nokia Corporation in 1967.
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How old was Ingvar Kamprad when he founded IKEA?
Answer: 17
Why: Furniture only joined the range in 1948, five years after IKEA began as a mail-order business.
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Which animal names a private startup worth $1 billion or more?
Answer: Unicorn
Why: When Aileen Lee named them in 2013, she counted just 39 US software companies founded since 2003, public or private, worth over $1 billion.
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How old were founders of the fastest-growing US startups, on average?
Answer: 45
Why: Across all new US firms the average founder was about 42, so the fastest growers skewed even older.
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Which car brand grew from a company Henry Ford left in 1902?
Answer: Cadillac
Why: Lincoln is the near miss: Cadillac's engineer Henry Leland started it in 1917, and Ford bought it in 1922.
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