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Startup facts & stats

7 fact-checked facts about startup pitch competitions, demo days and pitching, each with the reason behind it. 5 more are in today's round and join this page after it closes.

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The basics

What do judges in a pitch competition usually evaluate?

AnswerThe business idea and the presentation

Judges weigh the idea, market, team and delivery.

What is a demo day?

AnswerAn event where startups present to an audience

Accelerators end programs with demo days.

Going deeper

In a SWOT analysis, what does the O stand for?

AnswerOpportunities

SWOT means Strengths, Weaknesses, Opportunities, Threats.

What is a hackathon?

AnswerAn event where teams build projects intensively in a short time

Hackathons often last a day or a weekend.

In a pitch, what does traction mean?

AnswerEvidence of demand, like users or revenue growth

Traction shows the idea is working in the market.

Expert level

Shark Tank and Dragons' Den both trace back to a TV format from which country?

AnswerJapan

Both are based on the Japanese show Money Tigers.

In Guy Kawasaki's 10/20/30 rule, what does the 30 refer to?

AnswerA minimum 30-point font

The rule is 10 slides, 20 minutes, 30-point font.

Know these cold?Today's round is five questions like these, 20 seconds each. Your streak and level follow you to every arena.Play today's round