Naked Entrepreneur – Ali Zahid
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The Naked Entrepreneur 404
Watch the video above then take the quiz by using the controls below.
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Naked Entrepreneur – Ali Zahid
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Why did Ali decide to change the world even at his young age?
A) For the potential money
B) Because he had drive
C) He was pushed into it
D) He was in school for entrepreneurship
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Naked Entrepreneur – Ali Zahid
The correct answer is: Because he had drive.
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Naked Entrepreneur – Ali Zahid
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What are the three adjectives Ali used to describe the three founders of Vanhawks?
A) Positive, Coachable, Young
B) Passionate, Positive, Driven
C) Hungry, Passionate, Positive
D) Hungry, Coachable, Positive.
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Naked Entrepreneur – Ali Zahid
The correct answer is: Hungry, Coachable, Positive.
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Naked Entrepreneur – Ali Zahid
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Vanhawks has no direct competition as they are both building an OS for their bike and are the first, and
only ones thus far, building an interconnected bike. What type of business is this called?
A) Partnership Business
B) Monopoly Business
C) Oligopoly Business
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D) Perfect Competition
The correct answer is: Monopoly Business.
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When Ali was doing door to door sales the one main lesson he learned was to never give up and to
never take no for an answer. This is defined as what in entrepreneurship?
A) Adversity Quotient
B) Internal Locus of Control
C) External Locus of Control
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D) Passion
The correct answer is: Adversity Quotient.
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Why did Ali and Vanhawks conduct customer interviews for their product
A) To have data for their business plan
B) Investors made them
C) The product wasn’t selling and they wanted to know why
D) Customer Validation for the product
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The correct answer is: Customer Validation for the product.
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Ali’s parents instilled humble empathy into him and his brother. This made both of them believe that
they were meant to change the world.
A) True
B) False
The correct answer is: True.
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Kickstarter is a form of both customer validation and crowdfunding.
A) True
B) False
The correct answer is: True.
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Ali doesn’t think company culture matters and also does not believe in hiring to match the current team
culture.
A) True
B) False
The correct answer is: False.
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Ali believes that Y Combinator was great for Vanhawks because most of the people had “been there,
done that” so they could help solve current company problems.
A) True
B) False
The correct answer is: True.
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Ali believes you need to hedge your bets because sticking to one thing and becoming passionate about
it is not enough.
A) True
B) False
The correct answer is: False.
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Ali and his brother dropped out of school and started their own business however they choose not to tell
their parents right away because they were scared. Ali says his parents believes in both education and
finishing a good job. Ali and his brother however felt that they were not getting where they wanted to in
school and dropped out to pursue a risky alternative. Because they dropped out they choose not to tell
their parents until they had more confidence in the product because it was easier at that point to justify
their reasoning for dropping out of school.
Reflect on this decision and think about what you would have done differently. Would you wait to tell
your family or tell them right away?
Why?
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