Startup Terms You Need To Learn Before You Get Funding

  • 13th Mar'21
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Startup Terms

Understanding and generally using key startup terms in the day to day procedure of a business is a must for every entrepreneur. Chances are you have seen or listened to these terms in one way or another. Technical or non-technical, the best entrepreneurs may not be specialists at everything but are certainly able to wear multiple hats and speak many languages whether it is with the finance committee, programmers, designers, marketers, business developers, or other areas.

 

Startup Terms You Need To Learn Before You Get Funding

 

Here are top startup Terminology you need to know: 

Angel investor:

An individual who invests his or her own money at an initial stage in trade for a share of the company. An angel can be a big net worth entrepreneur or friend or family member willing to invest in a great idea

Burn rate:

The amount of cash you are spending each month in connection to your capital. Allocate your capital amount by your burn rate to assume the lifespan of your company

Exit strategy:

The way you anticipate getting money out of your company. It’s another way of thinking about your future plans for the company. 

Incubator:

Startup incubators are organizations that support chosen entrepreneurs and/or their businesses with mentorship and funding. 

Pivot: 

A startup begins to pivot when they want use their existing tech and resources for an entirely different process. This includes doing business in different market segments.

Nondisclosure agreement (NDA):

A legal document that conserves a startup’s secrets by carrying employees responsible to pay harms for leaking them. NDAs can be used to conserve things like proprietary code, formulas, or customer information. 

 

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We at, OpenGrowth, are constantly looking for startups trends in the market. If you wish to know more about the startup ideas, let us know in the comment section. 

 

About the Author: Beauty Kumari 

An eloquent individual, love to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to adversely impact through her writing and build a career out of her passion. 

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*Note: The content published above was made in collaboration with our members.

About the author:

Kumar Amritanshu (Editor), Super admin

Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.


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