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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is NOT one of the things a business needs for real growth?
(a) A real office.
(b) More money.
(c) More employees.
(d) Business cards.

2. What kind of sandals did Mark seem to wear everywhere when he was first meeting investors?
(a) Generic.
(b) Adidas.
(c) Teva.
(d) Nike.

3. Where was the female student located who took pictures of the crew competition?
(a) Amherst.
(b) Chicago.
(c) Japan.
(d) Hawaii.

4. Eduardo wanted to talk about how they could get __________ in order to start generating money from the site.
(a) Advertisers.
(b) A tip jar.
(c) A payment plan.
(d) More students.

5. Sean guided Mark in restructuring the company to be a __________ LLC instead of the one that was currently in place.
(a) Delaware.
(b) Illinois.
(c) New York.
(d) California.

6. Who seemed to have little interest in making the site something that made money?
(a) Dustin.
(b) Eduardo.
(c) Mark.
(d) Chris.

7. What was the name of the person who was recruited to help Mark and Eduardo with programming?
(a) Chris.
(b) Rajeev.
(c) Dustin.
(d) Sean.

8. What were students able to do on the website that Sean and his partner created, though the site eventually imploded?
(a) Help others with homework.
(b) Hear new bands.
(c) Connect with others.
(d) Download music for free.

9. How much of the company would Thiel get in exchange for his new investment?
(a) 10%.
(b) 7%.
(c) 15%.
(d) 50%.

10. Everyone estimated that Facebook would be valued at __________ eventually.
(a) Millions.
(b) Hundreds of thousands.
(c) Billions.
(d) Hundreds of millions.

11. Where did the Facebook team rent a new house in California after being kicked out of their other house?
(a) Palo Alto.
(b) Los Altos.
(c) San Jose.
(d) San Francisco.

12. The Facebook team was thinking about adding a feature: a live _________, which would help members see what was happening.
(a) News feed.
(b) Status button.
(c) Video.
(d) Photo stream.

13. What money did Mark use in order to keep the company afloat during this part of the story?
(a) Donation money.
(b) His bank account.
(c) Sean's investment.
(d) His tuition money.

14. Eduardo felt uncomfortable with the involvement of ___________ in thefacebook.
(a) Mark.
(b) Dustin.
(c) Sean.
(d) Chris.

15. What would happen if Eduardo wasn't successful in getting investors to sign on to Facebook?
(a) He would be fired.
(b) He would have to try harder.
(c) Nothing.
(d) His shares would be diluted.

Short Answer Questions

1. Eduardo and Mark were in a firm agreement that they would never __________ thefacebook.

2. What was the name of the website that Sean Parker and Sean Fanning created?

3. What did Eduardo secure for thefacebook after leaving his internship position?

4. The twins were concerned that if they tried to sue Mark, they would end up looking like ___________.

5. What kind of papers were given to Eduardo to sign when he arrived at the Facebook office?

(see the answer keys)

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