Terms every aspiring entrepreneur should know
haydenlee.io
Terms every aspiring entrepreneur should know
1–10 of 25 posts
Re: Terms every aspiring entrepreneur should know
#2I want to build this list up over time so feel free to suggest terms and resources that I should add.
Re: Terms every aspiring entrepreneur should know
#3The difference between incubators and accelerators - an incubator is usually subsidised serviced office space for businesses that are just starting. It's really just an office. There's nothing about an incubator that helps the business grow besides the low cost.
An accelerator is a much more clearly defined programme of events and mentor-ship with the benefits of an incubator being wholly secondary. These days you're probably not going to get on to an accelerator unless you're already some way along with your business (tech largely built, got some traction, maybe revenue), and you need help taking it from something small and growing slowly to being something that has explosive growth (10% a week is optimal).
EDIT: I'm using the typical UK definitions there. It could be different in other places.
Re: Terms every aspiring entrepreneur should know
#4I want to build this list up over time so feel free to suggest terms and resources that I should add.
Great list Hayden, thanks.
Just had a brainstorm on others inclusions, though they may be too much.
You could add some these in the future:- convertible notes, options, employee pools, Debt v Equity Funding, down round, acqui-hire, dead pool, IPO, Startup Curve
Re: Terms every aspiring entrepreneur should know
#5I want to build this list up over time so feel free to suggest terms and resources that I should add.
I have another suggestion: narrow down your target audience. I don't think "every entrepreneur" needs to know these; "every tech entrepreneur" or "every startup entrepreneur" would be more accurate.
Thanks for this list!
Re: Terms every aspiring entrepreneur should know
#6I want to build this list up over time so feel free to suggest terms and resources that I should add.
I've got one. Entrepreneurs need to understand the difference between capital growth and cashflow.
Re: Terms every aspiring entrepreneur should know
#7"We've now reached a point where its [sic] so easy to learn how to code that people of all ages are doing it."
Oh, please.
Re: Terms every aspiring entrepreneur should know
#8I made it to
>but of course I'd just nod in agreement so I didn't look like a noob... admit it, we've all been there
and had to stop. That's the worst possible thing you can do! The rest of the article could be full of amazing advice but I'll never know cause it's too hard to read while I'm shaking my head this violently.
Ask questions!
Re: Terms every aspiring entrepreneur should know
#9I want to build this list up over time so feel free to suggest terms and resources that I should add.
Great list Hayden, thanks. Just had a brainstorm on others inclusions, though they may be too much. You could add some these in the future:- convertible notes, options, employee pools, Debt v Equity Funding, down round, acqui-hire, dead pool, IPO, Startup Curve
Totally agree Jacob. Maybe even have a 201 version of the list where these terms can be included.
Re: Terms every aspiring entrepreneur should know
#10"We've now reached a point where its [sic] so easy to learn how to code that people of all ages are doing it." Oh, please.
Coding is the easy part. Engineering is the hard part.
After all, even though 90%+ of the population can read and write, few are writers.