Entrepreneurship Tests

Legal Startup Basics — Advanced

Advanced founder legal literacy: liquidation preferences, anti-dilution, protective provisions, change-of-control, international hiring entities, and M&A letter-of-intent pitfalls. Educational only; not legal advice.

Legal Startup Basics — Intermediate

Intermediate founder legal literacy: vesting and cliffs, 83(b) awareness, option plans, data processing roles, vendor MSAs, and fundraising document hygiene. Educational only; not legal advice.

Legal Startup Basics — Beginner

Foundational literacy for early-stage founders: entity choice at a high level, founder agreements, IP assignment, basic contracts, and when to involve qualified counsel. Educational only; not legal advice.

Early Hiring — Advanced

Advanced early-company hiring: executive and critical hires, workforce planning under uncertainty, global and remote compliance basics, compensation strategy, post-offer risk, and org design trade-offs. For experienced operators; not legal advice.

Early Hiring — Intermediate

Scaling hiring at Series A and early growth: hiring plans tied to milestones, scorecards, work trials, comp bands, pipeline metrics, agency use, and closing candidates. For operators; not legal advice.

Early Hiring — Beginner

Foundations of hiring at pre-seed and seed stage: when to hire, role clarity, sourcing basics, structured interviews, offers, and onboarding. Practice-oriented for founders and operators; not legal or tax advice.

Founding Roles — Advanced

Governance under investor pressure, co-founder departure and buybacks, dual-class and control provisions, scaling decision rights post-Series A, and continuity when founders step back from execution.

Founding Roles — Intermediate

Clarifying co-founder responsibilities, decision rights, equity and vesting basics, role overlap at seed stage, and handoffs as the team scales. For operators; not legal advice.

Founding Roles — Beginner

Founding Roles professional knowledge. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement. Focus: beginner Founding Roles.

Pricing Startup — Advanced

Advanced startup pricing strategy: multi-dimensional packaging, discount governance, international and segment pricing, platform take rates, competitive dynamics, expansion and contraction, and aligning price with LTV:CAC. For founders and revenue leaders; not legal or tax advice.

Pricing Startup — Intermediate

Applying startup pricing in practice: value-based tiers, packaging, elasticity signals, annual vs monthly strategy, self-serve vs sales-led quotes, and disciplined experiments. Assumes basic SaaS and unit economics; not legal or tax advice.

Pricing Startup — Beginner

Foundations of startup pricing: how price relates to value, common models (subscription, freemium, one-time), reading a simple pricing page, and basic unit economics. Practical product and go-to-market literacy; not legal or tax advice.

Burn Runway — Advanced

Advanced runway governance: venture debt covenants, scenario-weighted cash planning, efficiency metrics (Rule of 40, magic number), down-round triggers, partial shutdowns, and investor reporting under stress. Not legal, tax, or investment advice.

Burn Runway — Intermediate

Operating burn models, trailing averages, hiring ramps, revenue timing, bridge scenarios, and board-level runway communication for venture-backed startups. Not legal, tax, or investment advice.

Burn Runway — Beginner

Foundations of startup cash burn and runway: gross vs net burn, runway in months, how revenue and costs change survival time, and why founders track these metrics. Practical finance literacy; not investment or tax advice.

LTV & CAC — Advanced

Predictive and discounted LTV, marginal CAC curves, multi-touch attribution effects, capital efficiency (CAC ratio, burn multiple), segment governance, and stress-testing unit economics under churn shocks. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement.

LTV & CAC — Intermediate

Cohort-based LTV, channel-level CAC, margin-adjusted ratios, payback under expansion revenue, sales-cycle effects, and aligning finance with growth metrics. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement.

LTV & CAC — Beginner

Foundations of customer lifetime value (LTV) and customer acquisition cost (CAC): definitions, simple formulas, LTV:CAC ratio, payback basics, and common misreads. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement.

Investor Updates — Advanced

Advanced investor communications: MNPI and Reg D awareness, side-letter variance, crisis and down-round messaging, pro-rata and follow-on asks, LP reporting chains, and governance alignment. Educational only—not legal advice.

Investor Updates — Intermediate

Structuring effective investor communications: KPI consistency, board vs broad updates, fundraising-in-progress messaging, information rights, tone during setbacks, and actionable asks. Not legal or securities advice.

Investor Updates — Beginner

Foundations of regular investor communications: why founders send updates, typical cadence, core metrics, highlights and lowlights, and clear asks. Practical fundraising literacy; not legal or securities advice.

Term Sheet Awareness — Advanced

Advanced term-sheet literacy: preference stacks, recap and down-round dynamics, qualified financing definitions, control bundles, and negotiation trade-offs—still not legal advice.

Term Sheet Awareness — Intermediate

Reading venture term sheets with context: anti-dilution labels, participating prefs, protective provisions, founder vesting hooks, and comparing two drafts—still literacy, not legal advice.

Term Sheet Awareness — Beginner

Foundational literacy on venture term sheets: purpose, key economic terms, governance headlines, and process—so founders can read a draft and ask informed questions. Not legal advice.

Pitch Deck — Advanced

Advanced pitch deck strategy: stage-specific narratives, IC-ready framing, cap table and dilution storytelling, bridge vs equity, regulatory and deep-tech slides, multi-audience versions, and diligence-triggering pitfalls. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement. Not legal or investment advice.

Pitch Deck — Intermediate

Intermediate pitch deck craft: TAM/SAM/SOM, competitive framing, business model slides, metrics that matter, narrative arc, send-ahead vs live pitch, and aligning numbers across the story. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement. Not legal or investment advice.

Pitch Deck — Beginner

Foundations of investor pitch decks: slide purpose, narrative flow, problem/solution clarity, traction basics, and common design mistakes. Mix of single-answer and multiple-answer items; multi-select questions ask you to select every correct statement.

Customer Development — Advanced

Advanced Customer Development: market types, enterprise buying committees, multi-segment portfolios, organizational design for Company Building, ethics of learning, and reconciling CD with agile delivery at scale. Strategic tradeoffs; not legal or investment advice.

Customer Development — Intermediate

Scenario-based Customer Development: problem vs solution interviews, beachhead selection, validation metrics, channel partners, reference customers, and when to enter Customer Creation. Practical tradeoffs; not legal or investment advice.

Customer Development — Beginner

Foundations of Steve Blank–style Customer Development: discovery vs validation, getting out of the building, problem interviews, early adopters, and learning goals before scaling. Practical literacy; not legal or investment advice.

Pivot Persevere — Advanced

Advanced pivot portfolio decisions: multi-hypothesis runway allocation, enterprise vs consumer bets, ethical wind-down, combining pivots, and governance when data is ambiguous. Strategic tradeoffs; not legal or investment advice.

Pivot Persevere — Intermediate

Scenario-based pivot vs persevere decisions: interpreting experiment outcomes, pivot types in context, engines of growth, cohort signals, and runway-aware reviews. Not legal or investment advice.

Pivot Persevere — Beginner

Foundations of pivot vs persevere decisions in lean startup: what a pivot is, when to keep iterating, innovation accounting basics, and common pivot types. Practical literacy; not legal or investment advice.

MVP Design — Advanced

Advanced MVP portfolio design: parallel experiments, platform vs segment bets, instrumentation, pivot triggers, enterprise pilots, and technical debt boundaries. Strategic tradeoffs; not legal or investment advice.

MVP Design — Intermediate

Designing and interpreting MVP experiments: value vs growth hypotheses, segment focus, ethical smoke tests, metrics, and when to iterate scope. Scenario-based; not legal or investment advice.

MVP Design — Beginner

Foundations of minimum viable product design: learning goals, Build-Measure-Learn, common MVP formats, and scope discipline. Practical lean startup literacy; not legal or investment advice.