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

Multiple Choice Questions

1. Facebook had the potential to be as big as _______ and Microsoft, according to this section of the book.
(a) PayPal.
(b) Yahoo.
(c) Google.
(d) Ask.

2. What was the initial investment that Eduardo made in the company, which he used partially to pay for a trip to New York to meet investors?
(a) $1000.
(b) $5000.
(c) $2000.
(d) $18000.

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

4. Who came to pick up the twins from school, according to this section of the book?
(a) Mark.
(b) Eduardo.
(c) Sean.
(d) Their father.

5. Mark admitted to Eduardo that he led the twins on, but he never __________ anything that created an agreement.
(a) Signed.
(b) Stated.
(c) Promised.
(d) Did.

6. The overall value of Facebook at this point was estimated to be around _________ after only fourteen months of operation.
(a) $500.
(b) $200.
(c) $100.
(d) $250.

7. The company was registered as a LLC in ___________, because that's where Eduardo registered it.
(a) Massachusetts.
(b) California.
(c) Florida.
(d) Washington.

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

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

10. Eduardo had an internship at a/an _______________ firm, but he quit the first day.
(a) Investment banking.
(b) Law.
(c) Computer.
(d) Bankruptcy.

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

12. ________ was on the edge of investing $13 million in Facebook at this time of their development.
(a) Yahoo.
(b) Accel.
(c) Apple.
(d) Microsoft.

13. Eduardo and Mark were in a firm agreement that they would never __________ thefacebook.
(a) Sell.
(b) Have another CFO at.
(c) Buy.
(d) Break up.

14. Eduardo was afraid there would be too many _________ in the location Mark and the others were going to stay.
(a) Drugs.
(b) Investors.
(c) Temptations.
(d) Distractions.

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

Short Answer Questions

1. How much was Thiel willing to invest in thefacebook in order to help it stay afloat?

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

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

4. The first thing the new group of people needed to do, according to Mark, was to handle _________.

5. The _________ money coming into thefacebook at this time was not enough to keep up with the growth at the company.

(see the answer keys)

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