Question

Which of the following is most likely to be the best indicator of successful start-ups? 1. Level of experience of the founders 2. Social background of the founders 3. Financial background of the founders 4. Specific educational courses taken by the founder

Answer 1

1) Level of experience of the founders

Step-by-step explanation:

Start ups pursue innovation, and many times that is very hard to accomplish. As any new entrepreneurship, start ups require a lot of work, time and effort from their entrepreneurs. And their success is based on the success of its founders. It always amuses me how giant companies started from basically nothing, but hard work and intelligence combined.

If Steve Jobs hadn't been brilliant, computers would probably still be the size of a small room or even a building. Was he lucky? Of course he was lucky and got help at the right moment but without his experience and education there would be no magic. The same applies to Google, Amazon, FB, etc. Before they turned into huge corporations, all they had was human capital.

Answer 2

Option A. Level of experience of the founders

Step-by-step explanation:

The reason is that the person that possesses the experience of managing the operations of the company can better manage the startup than the person who possesses knowledge of the business. This means that the finance doesn't matter, the social background of the person doesn't matter, the education doesn't matter because many illiterate people are running a good business. So the only skill these illiterate people possess is experience of managing the business. So the right answer is option A.