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Startup Flashcards

7 cards from real CAEL practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. In academic English, a 'unicorn' company is defined as:

    Answer: A privately held startup valued at over one billion dollars

    The term 'unicorn' describes a privately held startup that has reached a valuation of at least $1 billion.

  2. Read this sentence: 'The founders sought to disrupt the traditional taxi industry.' In academic writing, 'disrupt' most closely means:

    Answer: To radically transform an industry using innovative solutions

    In business and academic contexts, 'disrupt' means to fundamentally change an established industry through innovation.

  3. Which of the following sentences demonstrates the most appropriate academic register for a CAEL writing task on startup ecosystems?

    Answer: Startups are enterprises characterized by high uncertainty and significant growth potential.

    Academic register requires formal vocabulary and precise descriptions, as demonstrated in option B.

  4. A CAEL passage discusses 'equity dilution.' What does this term mean for startup founders?

    Answer: A reduction in a founder's ownership stake due to new shares being issued to investors

    Equity dilution occurs when new shares are issued to investors, reducing the percentage of the company owned by existing shareholders.

  5. In a listening passage, a speaker says a startup is in the 'ideation phase.' What stage does this describe?

    Answer: The early stage when entrepreneurs generate and refine business concepts

    The ideation phase is the creative, early stage where founders brainstorm and develop their core business idea.

  6. Which word best completes this academic sentence? 'The startup sought ________ from a technology accelerator to refine its prototype and enter the market.'

    Answer: mentorship

    Accelerators provide mentorship, funding, and guidance to help startups develop their products and strategies.

  7. A CAEL essay prompt asks students to evaluate the 'barriers to entry' for startups in the technology sector. This phrase refers to:

    Answer: Obstacles that prevent new companies from easily entering an industry

    Barriers to entry are factors—such as high capital requirements or strong incumbents—that make it difficult for new businesses to enter a market.