Famous Entrepreneurs
This entrepreneur co-founded Microsoft with Paul Allen.
Bill Gates
A privately held startup company valued at over $1 billlion.
A unicorn
The term for when a venture capital firm invests in a startup in exchange for equity.
Funding round
The process for rapidly experimenting with new products or business models to determine what works.
Pivot
The TV show where entrepreneurs pitch their business ideas to a panel of potential investors
Shark Tank
She founded the Huffington Post and Thrive Global.
Arianna Huffington
The initial capital used to start a business.
Seed money
A type of financing where investors lend money to a company with the potential for converting it to equity in the future.
Convertible debt
A strategy where a company focuses on acquiring as many customers as possible, even if it means losing money in the short term.
Growth hacking
The term for a temporary workspace where entrepreneurs can rent desks or offices.
Coworking space
This entrepreneur founded Amazon in 1994.
Jeff Bezos
A business model where a company offers its product or service for free but charges for premium features.
freemium
The first institutionalized funding round for a startup, typically ranging from $1 million to $30 million.
Series A funding
Offshoring
The document that outlines a company's financial projections and business plan.
Pitch Deck
He co-founded Apple with Steve Jobs and Ronald Wayne.
Steve Wozniak
The stage of a startup company that has developed a product or service and is beginning to generate revenue.
Early Stage
A venture capital firm or individual that specializes in investing in early-stage startups
Angel investor
Strategic alliance
The term for a legal document that outlines the terms and conditions for an investment.
Term Sheet
This entrepreneur founded SpaceX and Tesla.
Elon Musk
A small, self-funded startup company, typically operated by the founders.
Bootstrapped company
Equity stake
The process of splitting a company into two or more independent entities.
Spin-off
The semi-final round of the annual event at UNH where startups compete for funding and recognition.
Bud Albin Challenge