​​#LearningStartup 8 Startup Business Terms 1. Wantrepreneur: | Learning StartUp

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8 Startup Business Terms

1. Wantrepreneur: In short, a wantrepreneur is an idea person. No matter whether they have a technical or non-technical background, they have many ideas but they haven't started yet.

2. Scalability: The goal of every startup is to build a scalable business model. A startup is called scalable when it creates and validates a repeatable business the model that addresses user needs are needs around the clock.

3. Business model canvas: The business model canvas categorizes the key areas of launching a startup like customer segments, value proposition, key partners, revenue model, and acquisition channels.

4. Acqui-hire: One of the most valuable assets in a startup, especially in the early stages, is the team behind it. Many established companies decide to acquire smaller firms or startups just for the human capital (team) they built.

5. Pitch deck: Before making an investment, most of the time, investors expect a quick investors expect presentation that highlights the key areas of a startup like a team, product, market, traction, and plan.

6. SaaS: Nowadays, one of the most common startup business siness models is software as a service. This is when you create a product with features that customers can use under a subscription.

7. Unicorn: There are only a few startups that reach and exceed a that billion-dollar valuation. Those startups are called unicorns.

8. Intellectual property: A protected invention through patents, copyrights, trademarks, or others.

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