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When you're considering someone as a potential cofounder, which of these attributes is likely to be most valuable?
Graduated from an Ivy League school.
Has an IQ of 160 or higher.
Has a bias toward action and a history of taking projects through to completion.
Has a great sense of humor.
Which of the following is a potential advantage of hiring an employee over a contractor?
You can issue stock options to employees as an incentive to stay and perform.
Employees generally work for one company at a time rather than multiple clients in parallel.
Contractors are less likely to be committed to long-term value creation.
Contractors' availability might change if they have other projects competing for their time.
All of the above.
Which of the following is unlikely to be covered in a cofounder agreement?
A description of the company and what it's setting out to achieve.
The names of the cofounders.
The process to be used for making different types of decisions.
The rights attached to shares issued to investors.
What is founder vesting?
A mechanism for calculating the value of each founder's shareholding.
A way of forcing existing shareholders to buy a departing founder's shares.
A way for founders to sell their shares before the company achieves an exit.
A way to protect the company if a cofounder departs early.
Which of the following is a good reason to build a diverse team within a startup?
Tap into a highly skilled but underutilized talent pool.
Make better decisions by engaging a more diverse set of perspectives and experiences.
Build products that better fit the needs of diverse customer groups.
Improve attraction and retention of employees for whom a diverse workplace is an important consideration.
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