Startup Buzzwords
The world of startups comes with its own unique language. From terms like MVP (Minimum Viable Product) to Unicorn, understanding these buzzwords is key to navigating the entrepreneurial ecosystem. Whether you're learning how to pitch with a deck or figuring out your runway, mastering this lingo can help you communicate effectively and feel at home in the startup community.
Get familiar with these essential terms and start speaking the language of innovation! 🚀
Startup Dictionary: Top 10 Terms
-
MVP (Minimum Viable Product):
The simplest version of your product that can still solve the problem it’s designed for. Used to test ideas with minimal resources. -
Pivot:
A significant change in a startup’s direction, strategy, or product in response to feedback or market demands. -
Bootstrapping:
Building and growing a business with personal savings or without external funding. -
Runway:
The amount of time a startup has before it runs out of money, based on current spending. -
Burn Rate:
How quickly a startup is spending its cash, usually measured monthly. -
Unicorn:
A privately held startup valued at over €1 billion. -
Angel Investor:
An individual who provides capital to early-stage startups, often in exchange for equity. -
Pitch Deck:
A presentation used to showcase a startup’s vision, product, and business plan to investors or stakeholders. -
Scalability:
A startup’s ability to grow revenue without a significant increase in costs. -
Exit Strategy:
A planned approach to sell the company, go public, or achieve another goal that allows investors and founders to realize their return on investment (ROI).