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Sam Morgan Reading Comprehension

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Sam Morgan Reading Comprehension

Sam Morgan Reading Comprehension

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📖 Reading Passage: Sam Morgan - Kiwi Entrepreneur

Sam Morgan is one of New Zealand's most successful young entrepreneurs. Born in 1981, Sam grew up in Wellington and showed an early interest in computers and technology. At just 23 years old, he founded TradeMe, New Zealand's largest online auction and classifieds website.

The idea for TradeMe came to Sam when he wanted to sell his old car but found the process difficult and expensive. He thought there must be a better way for New Zealanders to buy and sell items online. In 1999, Sam started building the TradeMe website from his bedroom, working long hours to create something special.

TradeMe quickly became popular with Kiwis. People could list items for sale, from cars and houses to books and clothes. The website charged small fees for listings and took a percentage of sales. By 2006, TradeMe had over one million registered users and was sold to Fairfax Media for $700 million dollars!

After selling TradeMe, Sam didn't stop being an entrepreneur. He started investing in other New Zealand technology companies and founded Jasper, a company that helps other businesses grow. Sam believes in supporting young Kiwi entrepreneurs and often speaks at schools and universities about following your dreams.

Today, Sam Morgan is considered a role model for young New Zealanders who want to start their own businesses. His success shows that with hard work, creativity, and determination, anyone can turn a simple idea into something amazing.

🌟 Group A Questions (Advanced Level)

1. Analyse why Sam Morgan's timing was crucial for TradeMe's success. Consider the technological and social context of 1999-2006.
2. Evaluate the business model of TradeMe. How did charging fees and taking percentages contribute to its $700 million valuation?
3. Compare Sam Morgan's entrepreneurial journey to other successful New Zealand business people you know. What similarities and differences can you identify?
4. Predict what challenges Sam might have faced when transitioning from TradeMe founder to investor and mentor. Justify your reasoning.

📚 Group B Questions (Intermediate Level)

1. Explain how Sam Morgan identified the problem that led to creating TradeMe.
2. What evidence from the text shows that TradeMe was successful?

It had over one million users by 2006

It was sold for $700 million dollars

It became New Zealand's largest online marketplace

Sam became famous

3. Describe the steps Sam took from having an idea to selling TradeMe.
4. Why do you think Sam continues to help other young entrepreneurs? Use evidence from the text to support your answer.
5. What personal qualities helped Sam Morgan become successful? Give at least three examples.

📝 Group C Questions (Foundation Level)

1. When was Sam Morgan born?

1979

1981

1983

1999

2. Fill in the blanks:

Sam Morgan grew up in _____________ and was interested in _____________ and technology.

3. What is TradeMe?

A computer game

An online auction and classifieds website

A car dealership

A school

4. True or False: Sam built TradeMe from his bedroom.

True

False

5. How much money was TradeMe sold for?
6. Match the words with their meanings:
1. Entrepreneur
2. Website
3. Invest
A. Put money into a business
B. A person who starts businesses
C. Pages on the internet
7. What does Sam do now to help other people?

💭 Extension Activity (All Groups)

Design your own simple business idea that could help people in your community. Draw your idea and explain how it would work.
Explanation of your business idea:

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