Startup Business Terminologies: Seed funding, Venture capital (VC),Bootstrapping and many more
Navigating the exciting, yet sometimes confusing world of startups requires understanding its unique lingo. Here are some essential startup jargon terms every aspiring entrepreneur should know, explained with examples: Funding & Investment: Seed funding: The initial stage of funding, often from angel investors, friends, or family, to get your MVP (minimum viable product) off the ground. (Example: You raise $50,000 in seed funding to develop your grocery delivery app's MVP.) Venture capital (VC): Funding from professional VC firms, typically in exchange for equity in your company, to fuel growth and expansion. (Example: You secure $5 million in Series A VC funding to expand your grocery delivery app to new cities.) Bootstrapping: Funding your business with personal savings, loans, or revenue generated from early sales, without relying on external investors. (Example: You bootstrap your handmade jewelry business using your savings and initial online sales.) Burn rate: T...