Understanding the Lexicon of Entrepreneurship: Key Terms and Jargon – Part 1 of 3 [Video]

Understanding the Lexicon of Entrepreneurship: Key Terms and Jargon – Part 1 of 3

 Dive into the dynamic lexicon of entrepreneurship in this episode, where we decode the jargon and buzzwords that every founder needs to know.

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Welcome to the “LET’S GET ENTREPRENEURIAL” podcast, your go-to resource for navigating the world of entrepreneurship. “LET’S GET ENTREPRENEURIAL” podcast addresses essential concepts and strategies that are valuable for the launch and growth of entrepreneurial ventures.

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Hosts:

Professor Gary Palin is an entrepreneur and senior lecturer of entrepreneurship with a combination of 40+ years experience in academic & entrepreneurial settings. He has been recognized as a top 25 entrepreneurship education thought leader and was a founding member of the MIT Global Startup Workshop Board of Advisors. Palin founded the Entrepreneurship Education Initiative at NC State University in 1993 and served as the executive director until 2008. Palin was a faculty member of the NC State College of Management for 17 years.

Serial entrepreneur Ryan Budden has participated in all aspects of business as a founding team member in five startups. He consults dozens of startups in a Chief Technology Officer capacity. Budden started in the technology industry by teaching himself to code while developing a mobile application that became one of the early movers in the geo-fencing industry with an innovative approach to social host liability.

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Definitions:

Return on Investment (ROI) – A performance measure used to evaluate the efficiency of an investment.

Venture Capital – Financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Angel Investor – An affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Bootstrapping – Starting a business without external capital or investment, relying solely on personal finances and initial sales revenue.

Seed Capital – The initial capital used to start a business.

Burn Rate – The rate at which a new company spends its venture capital to finance overhead before generating positive cash flow from operations.

Crowdfunding – The practice of funding a project or venture by raising money from a large number of people, typically via the internet.

Equity Financing – The process of raising capital through the sale of shares.

Cash Flow Positive – When a company’s cash inflows exceed its cash outflows.

Cap Table – A spreadsheet or table that shows the ownership structure of a company, including shares held by equity owners, investors, and shareholders.

IPO (Initial Public Offering) – The first sale of stock by a company to the public.

Market Capitalization – The total dollar market value of a company’s outstanding shares.

Deal Flow: The rate at which investment offers or business proposals are received by investors or venture capitalists.

Debt Financing: Raising capital by borrowing money that must be repaid over time, with interest.

Dilution: The reduction in existing shareholders’ ownership percentage of a company as a result of the company issuing new equity.

Down Round: A financing round where investors purchase stock or shares of a company at a lower valuation than earlier financing rounds.

Due Diligence: An investigation or audit of a potential investment or product to confirm all facts.

Hockey Stick Growth: A growth pattern characterized by a long period of slow growth followed by a sharp increase in growth.

Mezzanine Financing: A mix of debt and equity financing that gives the lender the right to convert to an equity interest in the company in case of default.

Pre-Money Valuation: The valuation of a company or asset prior to an investment or financing.

Runway: The amount of time until a startup goes out of business, assuming current income and expenses stay constant.

Series A/B/C Funding: Specific rounds of financing for new businesses, each with its own maturity level and expectations.

Term Sheet: A non-binding agreement setting forth the basic terms and conditions under which an investment will be made.

Unicorn: A startup company valued at over $1 billion.

Working Capital: The difference between a company’s current assets and current liabilities.