๐ 30 Pure Gold Startup Terms Every Entrepreneur Must Know Taste of Chocolate to know about chocolate, taste of Terms to know about startup :) โ MVP: Minimum Viable Product โ Burn Rate: Monthly cash spending rate โ Runway: Months until cash runs out โ Pivot: Major business strategy shift โ Bootstrapping: Self-funding your startup โ Angel Investor: Early individual backer โ VC: Venture Capitalist โ Series A/B/C: Progressive funding rounds โ Exit: Selling or going public โ Unicorn: $1 billion+ valuation startup โ Scalability: Ability to grow efficiently โ CAC: Customer Acquisition Cost โ LTV: Customer Lifetime Value โ Churn Rate: Customer loss rate โ Product-Market Fit: Your product meets real demand โ Freemium: Free basic, paid premium model โ SaaS: Software as a Service โ B2B/B2C: Business or Consumer focused โ KPI: Key Performance Indicator โ ROI: Return on Investment โ Traction: Evidence of market demand โ Growth Hacking: Creative, low-cost growth tactics โ Pitch Deck: Investor presentation โ Term Sheet: Investment deal outline โ Cap Table: Company ownership breakdown โ Dilution: Ownership percentage reduction โ Vesting: Earning shares over time โ IP: Intellectual Property โ MRR/ARR: Monthly/Annual Recurring Revenue โ NDA: Non-Disclosure Agreement ๐ฎ Master these โฅ๏ธ
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