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Business Start up terms Flashcards | StudBud
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Business Start up terms
Business Start up terms
22 terms
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Answers
1
Sweat equity: Shares of your company given in exchange for work done?
False
True
2
Traction: "Proof that people are actually buying and using your stuff. "?
False
True
3
Lean Start up : The core mission of a lean start-up is to prove the business concept as quickly and cheaply as possible
Different from Growth Hacking.
Similar to Growth Hacking.
4
Hockey Stick
The shape of the growth curve VCs want to see
The shape of the decrease, decline curve VCs want to see
5
Deck ( in Business- start up language)
a flat surface capable of supporting weight, similar to a floor
knock (someone) to the ground with a punch
powerpoint presentation that covers all aspects of your business
6
How to "launch" :To start a company or push a website live?
Protect Website from Spam
Harden the security
All answers are correct
Add Google Analytics Code
7
Ramen Profitable: " Profitable isn't enough to cover costs and basic living expenses for everyone working at a startup."
True
False
8
Runway is .....
How long you have until the cash runs in and you must turn on the lights.
How long you have until the cash runs out and you must turn off the lights.
9
Exit Strategy
How you will sell the company and make your investors lots of money?
How you will buy the company and make your investors lots of money?
10
Definition of Cliff
None of the answer
a way the CEO to fire employees without giving them stock in limited time
used by investors to make sure the CEO sticks around after getting the cash
Both of the answers ( Red and Blue)
11
What is the term "You give the basic product away for free and then try to up-sell features to your customers."?
Freemium
Free money
Free products
12
Term Sheet:
The document that outlines what the Investors will not get for
The document that outlines what the Investors will get for what they put in
13
Definition of Accelerator (incubator)
Incubators focus on scaling a business
Accelerators are often more focused on innovation.
Main purpose of an incubator is to help startups at a final stage to grow
Incubators specialise in growing new and early-stage businesses.
14
The value before you take investors’ cash
Post-money valuation
Pre-money valuation
15
Boot-Strapping: Using “friends and family” cash to get going.
True
False
16
Example of "Disruptive Technologies" :Something that completely changes the way society does something
Uber/Lyft vs. Taxis
All of the answers
Amazon vs. in-store shopping
17
Pivot: Change directions as a company
True
False
18
A private equity investor:provides capital to companies exhibiting high growth potential in exchange for an equity stake
Angel Investor
Venture capitalist
19
Burn Rate : How fast you are blowing through your cash
True
False
20
Cottage Business: A nice business but not something massively scalable.
True
False
21
The best definition of Market Penetration
How long it takes to be a fail company?
How much of your potential market you're capturing and how quickly VCs want
22
Scaleable: Something that can grow to a huge size because...
the market and demand is big enough
None of the answer
Both red and blue are correct
you will be able to move into different markets with your product
