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Startup Terms

13 Sept 2024

Alpha:

The initial version of a product, released to a limited audience for testing and feedback 🔤.

Beta:

The version of a product released to a broader audience for testing before the final release 📈.

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13 Sept 2024

Annual Recurring Revenue (ARR):

The amount of revenue a company expects to generate from customers on an annual basis.

Acquihire/ Acqui-hired:

The acquisition of a company primarily to hire its talented team rather than for its products or services.

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13 Sept 2024

Bridge Round:

A short-term loan or financing round intended to provide capital until the next round of funding 💰.

Bootstrapping:

Building a startup using personal savings, revenue, or other non-investor funding, without external investment 💸.

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19 Aug 2024

Accelarator:

A program offering mentorship, resources, and sometimes funding to early-stage startups to help them grow rapidly.

Accredited investor:

An individual or entity meeting specific income or net worth criteria, allowed to invest in private securities.

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13 Sept 2024

Balance Sheet:

A financial statement showing a company's assets, liabilities, and shareholders' equity at a specific point in time.

Board of Directors:

A group of individuals elected to represent shareholders and oversee the management and strategic direction of a company.

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