Non-Extractive Entrepreneurship Course Introduction

<p>It donates 90% of its profits to charity. (C)</p> Signup and view all the answers

<p>As a form of art, spirituality, and activism. (D)</p> Signup and view all the answers

<p>Pressure to meet investor expectations and maximize profits. (B)</p> Signup and view all the answers

<p>An incubator that supports non-extractive startups. (A)</p> Signup and view all the answers

<p>Competition, inequality, and environmental degradation. (C)</p> Signup and view all the answers

<p>A culture of prioritizing profits and shareholder value over other concerns. (B)</p> Signup and view all the answers

<p>Creating businesses that are sustainable, equitable, and regenerative. (C)</p> Signup and view all the answers

<p>The amount of time a startup can operate with its current capital. (A)</p> Signup and view all the answers

<p>Bootstrapping allows a company to focus on its value proposition and business model. (B)</p> Signup and view all the answers

<p>The sale of a company to another company or in the public market (C)</p> Signup and view all the answers

<p>The smallest possible product with core functionality, used to gather customer feedback (B)</p> Signup and view all the answers

<p>It can lead to loss of capital, cultural clashes, and staff attrition. (A)</p> Signup and view all the answers

<p>It means the focus shifts to equity value rather than a sustainable business. (B)</p> Signup and view all the answers

<p>Investors buy shares in the belief that they can sell their shares later for an even higher price, even if the company is unprofitable (D)</p> Signup and view all the answers

<p>Nation states with sovereign currencies are not limited by traditional budget constraints. (B)</p> Signup and view all the answers

<p>The toxic and unsustainable nature of pursuing unchecked, exponential growth. (D)</p> Signup and view all the answers

<p>A business designed to thrive and be sustainable, rather than grow indefinitely. (A)</p> Signup and view all the answers

<p>By burning cash and offering lower prices to customers. (A)</p> Signup and view all the answers

<p>It can distract from building sustainable, profitable businesses. (B)</p> Signup and view all the answers

<p>The risks and distortions that can result from excessive speculation. (C)</p> Signup and view all the answers

<p>Increased competition and environmental degradation (A)</p> Signup and view all the answers

<p>It extracts wealth through dividends and excessive compensation (B)</p> Signup and view all the answers

<p>Seeking venture capital, rapid scaling, and eventual exit (C)</p> Signup and view all the answers

<p>Loss of autonomy and control over business direction (C)</p> Signup and view all the answers

<p>All successful businesses are funded by venture capital (A)</p> Signup and view all the answers

<p>Financial extraction often leads to reduced social equity (C)</p> Signup and view all the answers

<p>It led to a profit-driven transformation away from its ethical goals (C)</p> Signup and view all the answers

<p>Micro extraction (C)</p> Signup and view all the answers

<p>Creating businesses with a clear social mission (C)</p> Signup and view all the answers

<p>Lean Startup (D)</p> Signup and view all the answers

<p>Encouragement of short-term financial strategies (C)</p> Signup and view all the answers

<p>Runway (A)</p> Signup and view all the answers

<p>Promoting social change and sustainable practices (A)</p> Signup and view all the answers

<p>Creates unrealistic growth expectations (B)</p> Signup and view all the answers

<p>It often leads to a product-market disconnect (D)</p> Signup and view all the answers

<p>Financial institutions outside traditional banks (A)</p> Signup and view all the answers

<p>It mandates careful financial management (A)</p> Signup and view all the answers

<p>The pace at which a startup uses cash (A)</p> Signup and view all the answers

<p>Frequently launching and selling multiple ventures (B)</p> Signup and view all the answers

<p>Valuation (A)</p> Signup and view all the answers

<p>Exploding chickens (C)</p> Signup and view all the answers

<p>It can overshadow actual economic contributions (B)</p> Signup and view all the answers

<p>Both can create a continuous flow of capital by 'printing money' or 'issuing equity.' (A)</p> Signup and view all the answers

<p>Valuations are primarily social agreements and therefore susceptible to market forces. (B)</p> Signup and view all the answers

<p>It can cause capital development to become a secondary outcome of speculative behaviour. (C)</p> Signup and view all the answers

<p>Seeking quick profits and prioritizing short-term gains. (C)</p> Signup and view all the answers

<p>By focusing on customer needs and building a true business to become profitable. (B)</p> Signup and view all the answers

<p>Emphasizing social impact and long-term sustainability. (A)</p> Signup and view all the answers

<p>Financial extraction practices. (C)</p> Signup and view all the answers

<p>The idea that business must grow to be successful. (A)</p> Signup and view all the answers

<p>It can result in a loss of autonomy and a shift in priorities. (A)</p> Signup and view all the answers

<p>It solely focuses on economic growth, ignoring social and environmental factors. (C)</p> Signup and view all the answers

<p>Business can be a powerful tool for social and environmental activism. (C)</p> Signup and view all the answers

<p>Meso level. (B)</p> Signup and view all the answers

<p>It illustrates how financial extraction can lead to a cycle of unsustainable growth. (A)</p> Signup and view all the answers

<p>Prioritizing social and environmental impact over pure profit. (D)</p> Signup and view all the answers

<p>To ensure the company's mission remains intact, preventing it from selling out. (C)</p> Signup and view all the answers

<p>It serves as a model to balance social well-being and planetary boundaries. (A)</p> Signup and view all the answers

<p>It encourages lean operations and a focus on core business aspects. (C)</p> Signup and view all the answers

<p>A disconnect between the product and the demands of the market. (B)</p> Signup and view all the answers

<p>Developing a minimum viable product through iterative customer feedback and sales. (B)</p> Signup and view all the answers

<p>The process of selling a company and removing profits, typically in one large transaction. (A)</p> Signup and view all the answers

<p>Because investment outcomes involve high risk and few incredibly successful ventures. (B)</p> Signup and view all the answers

<p>Based on the most recent stock price multiplied by the number of outstanding shares. (A)</p> Signup and view all the answers

<p>Speculating on an asset's price, irrespective of its actual value. (C)</p> Signup and view all the answers

<p>It has contributed to the creation of inflated valuations and investment levels. (A)</p> Signup and view all the answers

<p>A viable value proposition and a sustainable business model. (D)</p> Signup and view all the answers

<p>The rate at which a company is spending its capital. (C)</p> Signup and view all the answers

<p>A stronger focus on fundamental parts of the business. (B)</p> Signup and view all the answers

<p>Focusing on raising capital and inflating valuations, rather than profitability. (D)</p> Signup and view all the answers

<p>It shows how an imposed system of extraction can lead to competition, exploitation or unsustainable growth. (D)</p> Signup and view all the answers

<p>Gross National Happiness (B)</p> Signup and view all the answers

<p>The removal of wealth beyond necessary operations like salaries and pensions. (B)</p> Signup and view all the answers

<p>It can result in a loss of control and decision-making power. (C)</p> Signup and view all the answers

<p>It relies too heavily on a growth and extraction model, which is unsustainable. (B)</p> Signup and view all the answers

<p>Prioritizing societal well-being over continuous financial expansion. (C)</p> Signup and view all the answers

<p>It may lead to debt slavery through international loans. (B)</p> Signup and view all the answers

<p>It is often driven by pressures related to financial extraction. (B)</p> Signup and view all the answers

<p>There is a bias that tends to favour the investors. (D)</p> Signup and view all the answers

<p>Separating profit rights from voting rights and being owned by a foundation. (A)</p> Signup and view all the answers

<p>Bootstrapping encourages the development of a strong value proposition and business model. (A)</p> Signup and view all the answers

<p>Exits can force destructive cash outflows and cultural conflict. (B)</p> Signup and view all the answers

<p>It encourages high return on investment and 'unicorn' status. (C)</p> Signup and view all the answers

<p>They are inflated and thus unreliable, based on social agreements. (B)</p> Signup and view all the answers

<p>SoftBank's massive investments subsidize monopoly formation. (A)</p> Signup and view all the answers

<p>By prioritizing growth and exits over selling products and services. (C)</p> Signup and view all the answers

<p>Both involve creating currency or shares based on social agreement. (A)</p> Signup and view all the answers

<p>Building a Minimum Viable Product (MVP) based on continuous learning. (A)</p> Signup and view all the answers

<p>The idea of the value of a business being extracted via aggressive financial strategies. (A)</p> Signup and view all the answers

<p>They prioritize their financial strategies over the business model. (B)</p> Signup and view all the answers

<p>Lean startups prioritize developing based on iterative experimentation that is constantly validated by market feedback. (B)</p> Signup and view all the answers

<p>It excessively focuses on hypergrowth and financial returns. (A)</p> Signup and view all the answers

<p>To serve as vehicles for art, activism, and positive change. (A)</p> Signup and view all the answers

<p>It can lead to unsustainable business practices and a distorted economy. (C)</p> Signup and view all the answers

<p>Prioritizing real value creation, profitability, and positive social impact. (A)</p> Signup and view all the answers

<p>Poorly executed projects and an unbalanced economy. (A)</p> Signup and view all the answers

<p>The ethics of their value creation and their contribution to a more equitable world. (C)</p> Signup and view all the answers

<p>Overemphasis on short-term financial gains at the expense of other values. (A)</p> Signup and view all the answers

<p>By questioning the necessity of constant economic expansion. (B)</p> Signup and view all the answers

<p>Ensuring the company cannot be sold and its social mission remains central. (A)</p> Signup and view all the answers

<p>By prioritizing a social mission and offering value beyond wealth accumulation. (A)</p> Signup and view all the answers

<p>Promoting decreased financial activity while maintaining wellbeing. (D)</p> Signup and view all the answers

<p>By illustrating how financial extraction fuels the need for continuous growth. (B)</p> Signup and view all the answers

<p>The unnecessary removal of wealth from a company, often through dividends, bonuses, and equity sales. (C)</p> Signup and view all the answers

<p>To nurture non-profit and non-extractive startups emphasizing social impact. (C)</p> Signup and view all the answers

<p>Planetary and social need boundaries. (C)</p> Signup and view all the answers

<p>It often leads to a focus on short-term gains at the expense of sustainability. (C)</p> Signup and view all the answers

<p>It reduces the time a company has before running out of capital. (C)</p> Signup and view all the answers

<p>A product that is technologically advanced but not necessarily aligned with market demand. (A)</p> Signup and view all the answers

<p>To maintain greater control and autonomy over business decisions. (A)</p> Signup and view all the answers

<p>It can obscure genuine enterprise with speculation. (C)</p> Signup and view all the answers

<p>The idea that a company's stock can act as currency, valued through societal agreement. (D)</p> Signup and view all the answers

<p>By favoring a large upfront investment over iterative development. (B)</p> Signup and view all the answers

<p>The hyper-growth model that focuses on fast financial gains. (B)</p> Signup and view all the answers

<p>It implies a rapid acceleration of financial losses. (C)</p> Signup and view all the answers

<p>To acquire substantial returns by investing in a few successful companies. (B)</p> Signup and view all the answers

<p>It can lead to market consolidation and an overall lack of diversity. (D)</p> Signup and view all the answers

<p>Because it is subsidised by venture capital. (B)</p> Signup and view all the answers

<p>To highlight that they function primarily as financial entities that sell equity. (D)</p> Signup and view all the answers

<p>They involve artificially inflating stock value before selling at a profit. (B)</p> Signup and view all the answers

<p>The value of acquiring customers steadily over time for long term growth. (D)</p> Signup and view all the answers

<p>Post-growth entrepreneurship seeks to challenge the growth imperative and venture capital model, unlike traditional social enterprise. (D)</p> Signup and view all the answers

<p>Who primarily benefits from the current system of resources and support. (D)</p> Signup and view all the answers

<p>Companies are owned by a foundation or have a structure that prevents sale, prioritizing mission over profit. (B)</p> Signup and view all the answers

<p>Its emphasis on capital, scaling, and rapid exits can be detrimental for long-term sustainability and mission. (C)</p> Signup and view all the answers

<p>The pressure businesses face to continuously expand, often due to financial extraction demands. (D)</p> Signup and view all the answers

<p>Loss of autonomy, possible mission drift, and a need to prioritize returns for investors. (D)</p> Signup and view all the answers

<p>A non-profit organization with a primary focus on maximizing social impact, donating 90% of profits. (D)</p> Signup and view all the answers

<p>That it involves the unnecessary removal of wealth from businesses, exceeding employee salary and pension requirements. (C)</p> Signup and view all the answers

<p>Businesses should primarily focus on generating returns for their investors. (C)</p> Signup and view all the answers

<p>The principles of post-growth economics. (A)</p> Signup and view all the answers

<p>It advocates for a balance between social and planetary boundaries. (D)</p> Signup and view all the answers

<p>As having complex roles in international financial structures that shape economic development. (D)</p> Signup and view all the answers

<p>The idea that venture capital funding is always necessary for startups. (B)</p> Signup and view all the answers

<p>Rampant speculation in financial markets. (C)</p> Signup and view all the answers

<p>The necessity of continuous growth driven by financial extraction. (D)</p> Signup and view all the answers

<p>Prioritizing well-being over constant growth. (D)</p> Signup and view all the answers

<p>A preference for stable, sustainable growth patterns. (A)</p> Signup and view all the answers

<p>The prioritization of social wellbeing and environmental sustainability over perpetual growth. (C)</p> Signup and view all the answers

<p>Product-market disconnect (B)</p> Signup and view all the answers

<p>Overemphasis on short-term returns and exits (B)</p> Signup and view all the answers

<p>Initial funding from personal or family savings and early revenue (A)</p> Signup and view all the answers

<p>Potential for financial extraction leaving behind dysfunctional companies (A)</p> Signup and view all the answers

<p>An overvaluation of a company that is based on speculation rather than business value (D)</p> Signup and view all the answers

<p>As a form of sovereign currency, provided that there is adequate social acceptance (C)</p> Signup and view all the answers

<p>That it may shift focus away from real business value, damaging the real economy (D)</p> Signup and view all the answers

<p>To create a basic version of a product to achieve repeat customers and validated learning (B)</p> Signup and view all the answers

<p>The rate at which a company is spending money (A)</p> Signup and view all the answers

<p>An increased likelihood of prioritizing short-term gains over long-term resilience (C)</p> Signup and view all the answers

<p>It prioritizes systemic change in business practices. (C)</p> Signup and view all the answers

<p>It can be a tool for social impact. (D)</p> Signup and view all the answers

<p>It is linked to the extraction of wealth beyond employee compensation. (C)</p> Signup and view all the answers

<p>They have the potential to foster positive change. (C)</p> Signup and view all the answers

<p>It can lead to excessive financial extraction. (D)</p> Signup and view all the answers

<p>Sustainable practices and community focus. (A)</p> Signup and view all the answers

<p>It can impose pressure for rapid exits. (D)</p> Signup and view all the answers

<p>Crowdfunding with social goals. (B)</p> Signup and view all the answers

<p>Environmental degradation (A)</p> Signup and view all the answers

<p>It considers social well-being and environmental boundaries. (B)</p> Signup and view all the answers

<p>A focus on social and environmental benefits through economic contraction. (C)</p> Signup and view all the answers

<p>The amount of capital a company spends over time. (C)</p> Signup and view all the answers

<p>They often rely on unrealistic assumptions and speculation. (A)</p> Signup and view all the answers

<p>Selling the company for significant profit. (D)</p> Signup and view all the answers

<p>Financial independence and sustainability. (D)</p> Signup and view all the answers

<p>It can lead to a disconnect from market needs. (C)</p> Signup and view all the answers

<p>Greater environmental sustainability. (B)</p> Signup and view all the answers

<p>Balancing profits from market activities with charitable supports. (C)</p> Signup and view all the answers

<p>Exits can lead to financial extraction and staff turnover. (B)</p> Signup and view all the answers

<p>The belief in limited fiscal capacity. (D)</p> Signup and view all the answers

<p>It may lead to unsustainable business practices. (C)</p> Signup and view all the answers

<p>Emphasizing significant venture capital funding. (B)</p> Signup and view all the answers

<p>Challenging traditional business growth models to build sustainable enterprises. (B)</p> Signup and view all the answers

<p>A structure preventing the sale of the company, securing its social mission. (C)</p> Signup and view all the answers

<p>The practice of financial extraction by unnecessarily removing wealth. (C)</p> Signup and view all the answers

<p>Forming businesses whose values align with the entrepreneur's personal principles. (A)</p> Signup and view all the answers

<p>Its potential to dilute mission focus and encourage financial extraction. (C)</p> Signup and view all the answers

<p>Finding a balance between social foundations and ecological ceilings. (D)</p> Signup and view all the answers

<p>Evaluating Venture Capital and exploring other ways to fund startups. (A)</p> Signup and view all the answers

<p>She draws from diverse personal experiences as an entrepreneur and computer scientist. (D)</p> Signup and view all the answers

<p>Aiming to improve prosperity amidst economic decline. (D)</p> Signup and view all the answers

<p>It may undermine founders' control and autonomy. (C)</p> Signup and view all the answers

<p>It can be a form of activism, art, or spirituality. (A)</p> Signup and view all the answers

<p>To develop non-profit and non-extractive businesses. (B)</p> Signup and view all the answers

<p>It can compromise initial values and good intentions. (B)</p> Signup and view all the answers

<p>Any individual can contribute through intentional business practices. (B)</p> Signup and view all the answers

<p>Across personal debt, corporate finance, and international development loans. (C)</p> Signup and view all the answers

<p>Kate Rayworth's donut economics framework. (D)</p> Signup and view all the answers

<p>An increase in losses. (D)</p> Signup and view all the answers

<p>Depletion of financial resources and a shorter 'runway'. (C)</p> Signup and view all the answers

<p>Increased focus on core value proposition and business model. (D)</p> Signup and view all the answers

<p>Rapid iteration based on market feedback. (C)</p> Signup and view all the answers

<p>Companies that grow rapidly until they are sold for profit. (D)</p> Signup and view all the answers

<p>Focus on attracting investment and achieving an IPO, rather than building a truly sustainable business. (D)</p> Signup and view all the answers

<p>Belief that someone else will pay more for the shares later, regardless of its profit. (B)</p> Signup and view all the answers

<p>By using their high 'burn rate' to pay higher salaries and offer lower prices. (B)</p> Signup and view all the answers

<p>Equity. (C)</p> Signup and view all the answers

<p>It can be influenced by factors like social media. (C)</p> Signup and view all the answers

<p>Potential disruption to company culture and staff attrition. (A)</p> Signup and view all the answers

<p>It is a reflection of the current social agreement about the company's value. (B)</p> Signup and view all the answers

<p>A consistently growing and healthy economy. (C)</p> Signup and view all the answers

<p>Attracting investors and achieving an IPO to generate financial returns. (A)</p> Signup and view all the answers

<p>Building truly impactful and enduring businesses that are focused on sustainability. (C)</p> Signup and view all the answers

<p>To create businesses that are beneficial for society, the environment, and the individuals involved. (A)</p> Signup and view all the answers

<p>It tends towards financial extraction and the growth imperative. (B)</p> Signup and view all the answers

<p>A background as a computer scientist who has founded both a for-profit and non-profit ventures. (D)</p> Signup and view all the answers

<p>To illustrate how financial extraction drives the growth imperative. (C)</p> Signup and view all the answers

<p>The removal of excessive wealth beyond reasonable compensation through methods such as dividends. (A)</p> Signup and view all the answers

<p>The course questions whether continuous economic growth is always necessary or beneficial. (A)</p> Signup and view all the answers

<p>Incubating startups that focus on not-for-profit, steward ownership, and charity business models. (B)</p> Signup and view all the answers

<p>That economic growth should not be the main focus of entrepreneurship. (C)</p> Signup and view all the answers

<p>Thriving while actually shrinking economically (A)</p> Signup and view all the answers

<p>Runway (C)</p> Signup and view all the answers

<p>It may hinder sustainable practices and promote losses (C)</p> Signup and view all the answers

<p>It inflates a company's valuation without real growth (B)</p> Signup and view all the answers

<p>Capital acquisition and scaling (B)</p> Signup and view all the answers

<p>Product-market disconnect leading to failure (A)</p> Signup and view all the answers

<p>Minimum Viable Product (MVP) (D)</p> Signup and view all the answers

<p>They can lead to staff attrition and loss of vision (D)</p> Signup and view all the answers

<p>A highly successful startup with high valuation (B)</p> Signup and view all the answers

<p>Lean Startup methodology principles (A)</p> Signup and view all the answers

<p>It may distort market dynamics (D)</p> Signup and view all the answers

<p>Business can be a vehicle for activism (D)</p> Signup and view all the answers

<p>Greater fool theory (A)</p> Signup and view all the answers

<p>Using business for broader personal and social objectives (B)</p> Signup and view all the answers

<p>It pressures businesses to continuously expand. (C)</p> Signup and view all the answers

<p>Via dividends paid to shareholders beyond operational costs. (B)</p> Signup and view all the answers

<p>Post-growth economics. (C)</p> Signup and view all the answers

<p>Reduced autonomy in decision-making. (D)</p> Signup and view all the answers

<p>It highlights the dependency on continuous economic growth. (A)</p> Signup and view all the answers

<p>Increased pressure to prioritize quick profit over long-term vision. (D)</p> Signup and view all the answers

<p>Gross domestic product (GDP). (D)</p> Signup and view all the answers

<p>Business can be a tool for positive ethical change. (D)</p> Signup and view all the answers

<p>Focus on what founders want (C)</p> Signup and view all the answers

<p>They may lead to cash extraction from operations (D)</p> Signup and view all the answers

<p>By advocating for rapid iterations and customer feedback (D)</p> Signup and view all the answers

<p>Loss of control over company direction (A)</p> Signup and view all the answers

<p>Greater fool theory (C)</p> Signup and view all the answers

<p>The rate at which capital is spent (C)</p> Signup and view all the answers

<p>To recover losses incurred from failures (A)</p> Signup and view all the answers

<p>By focusing competition on capital rather than actual products (D)</p> Signup and view all the answers

<p>They risk becoming unprofitable shell operations (B)</p> Signup and view all the answers

<p>Distorting the market's perception of share value (A)</p> Signup and view all the answers