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10-Day Startup Series 🔥 23rd June 2025 🧵 Post 7️⃣ : This is the continuation of part of, "Terms Every Founders Must know". So here is the next 5 terms which is important to know, will be followed by last one more post which will contain the most 5 important term, again these 20 are just few most important terms remember these are not the only 20 terms which are necessary but most necessary. 📄 11. SAFE Note (Simple Agreement for Future Equity) : It is a kind of agreement done while investing, investors choose that he or she can receive the equity in your company in the future date. No valuation of the company would be set at that stage, your company valuation would be 0 pre and post money valuation both. It is an legal agreement and it was started recently and which is one of the mostly used at early stage fundings. It was introduced by Y Combinator in 2013 and is now adapted all over the world. More info at : https://www.investopedia.com/simple-agreement-for-future-equity-8414773 📉 12. Down Round : This is one of the negative scenarios, sometimes you will have you raise funds at a lower valuation than the previous rounds of fund raise. This is usually sometimes a emergency funding too where company is unable to meet the benchmarks it can negatively impact company morale. More info at : https://www.investopedia.com/terms/d/downround.asp 🧠 13. PMF (Product-Market Fit) : This is usually made to define that the product which you have created for solving a problem, will you users pay for it ? will your customers prefer your product over competitor ? will they share it ? will they stick around your product ? If you have answer for all of this question and you think the answer is yes for most of the question then your product is fit for the market. "The moment you stop worrying about competitors and start handling demand." Then it is called fit for market More info at : https://en.wikipedia.org/wiki/Product-market_fit 📢 14. GTM (Go-to-Market Strategy) : Basically it is the plan to launch and grow your company with all strategies set and fixed like including marketing, pricing, channels and etc.... More info & One good example at the end of the webpage : https://en.wikipedia.org/wiki/Go-to-market_strategy 📦 15. MVP (Minimum Viable Product) : A basic version of your product which can be used to show your users and get a validation, and also to get feedbacks and also one of the tool while raising pre-seed rounds. Your MVP can be basic and no issues if it does not look attractive or etc it is just to get a validation. ( Me saying this feels like mentoring y'all but not doing myself lol ) More info at : https://en.wikipedia.org/wiki/Minimum_viable_product If y'all have any kind of doubts, drop it in the comments and let us all engage and understand it more deeply. 😄 *This Post adhers to all community guidelines* *The image used below is sourced from Google images* * The content is based on personal knowledge and have attached links for each terms, the webpages attached are property of each webpage mentioned*