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

Multiple Choice Questions

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

2. Many investors were hinting at ________-figure investments, but no one had given a concrete offer yet.
(a) Six.
(b) Seven.
(c) Four.
(d) Five.

3. How much was Thiel willing to invest in thefacebook in order to help it stay afloat?
(a) Nothing.
(b) $500,000.
(c) $25,000 now, more later.
(d) $1,000,000.

4. Who was eventually thrown out of the online business card system since he butted heads with an investor?
(a) Sean.
(b) No one.
(c) Mark.
(d) Terry.

5. The lecturer that Mark listened to also talked about how he _________ in order to start his own company.
(a) Stole an idea.
(b) Hurt others.
(c) Left school.
(d) Skipped class.

6. What happened at the rental house in Los Altos during this time of the Facebook history?
(a) Nothing.
(b) It was raided.
(c) It burned down.
(d) It exploded.

7. Who met with investors in order to secure an angel investment with the company, even though Eduardo was not pleased?
(a) Mark.
(b) Sean.
(c) Dustin.
(d) Eduardo.

8. Sean Parker believed the _________ of a project needed to be active and involved in the beginning of the launch.
(a) Programmers.
(b) CEOs.
(c) Principals.
(d) CFOs.

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

10. Mark decided to get a business card that represented his sentiment - I'm CEO - __________.
(a) Bitch.
(b) Yea.
(c) Sucka.
(d) Holla.

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

12. What company was Peter Thiel, a large investor in thefacebook, in charge of?
(a) PayPal.
(b) Microsoft.
(c) mySpace.
(d) Apple.

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

14. At this point of the book, how many new members were being adding to the site everyday?
(a) 25.
(b) 10.
(c) 1000.
(d) 100.

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

Short Answer Questions

1. What did the twins have to head away for during the launch of their new site?

2. What was the name of the site that the twins and Divya eventually created?

3. Where would Sean eventually get big money from when the lawsuit was settled?

4. Off of what campus did Sean Parker live at the start of this chapter?

5. Sean guided Mark in restructuring the company to be a __________ LLC instead of the one that was currently in place.

(see the answer keys)

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