38 Startup Terms Every Founder Should Know

A comprehensive glossary of startup-related concepts and strategies

Posted  246 Views updated 6 months ago

1. A/B Test: Test two versions to see which performs better.

2. Angel: Early investor providing capital for startups.

3. Bandwidth: Capacity to handle multiple tasks simultaneously.

4. Boost Productivity: Improve team efficiency and output.

5. Branding: Creating a memorable identity for your company.

6. Crowdsourcing: Gathering input or resources from a large group.

7. Drill Down: Analyze data in greater detail.

8. Early Adopter: First customers to use a new product.

9. Freemium: Offer basic services for free, charge for premium features.

10. Holy Grail: Ultimate goal or achievement in startups.

11. Iteration: Process of continuous improvement and refinement.

12. Influencer: Person with ability to affect others' decisions.

13. Lean: Minimize waste and maximize efficiency.

14. Low-Hanging Fruit: Easily achievable goals or targets.

15. Market Fit: Alignment between product and market needs.

16. Mission Statement: Concise description of company's purpose.

17. Monetization: Converting product or service into revenue.

18. Onboard: Integrate new users or employees into the system.

19. Pipeline: Progression of product from idea to market.

20. Paradigm Shift: Fundamental change in approach or thinking.

21. Pivot: Significant change in business strategy.

22. Silo: Isolated department or system within an organization.

23. Social Proof: Influence derived from others' actions or approval.

24. Stealth: Operating in secrecy to avoid competitor awareness.

25. Thought Leadership: Establishing oneself as an industry expert.

26. Traction: Measurable evidence of market demand for a product.

27. User Experience: Overall experience of a person using a product.

28. Value Proposition: Unique benefit offered to customers.

29. Virality: Rapid spread of content or product adoption.

30. Wheelhouse: Area of expertise or comfort.

31. Burn Rate: Speed at which a company spends its capital.

32. Disruption: Revolutionary change in an industry or market.

33. Exit Strategy: Plan for founders to leave or sell the company.

34. Growth Hacking: Creative, low-cost strategies for rapid growth.

35. Intellectual Property: Legal rights to creations of the mind.

36. Minimum Viable Product (MVP): Basic version of a product for testing.

37. Revenue Streams: Various sources of income for a business.

38. Scalability: Ability to grow without being hampered by structure or resources.

Image

CREDIT: Chris Tottman

If you liked this (and want to support my work):

1. Like

Thanks!


Your reaction?

0
LOL
1
LOVED
0
PURE
0
AW
0
FUNNY
0
BAD!
0
EEW
0
OMG!
0
ANGRY
0 Comments