Startup Finances and Metrics
Term used for how long, in months, a startup can survive without running out of funds?
What is runway
Term that is associated with describing when a startup's product aligns with its strong market's needs.
What is product and market fit?
This is the name of a company's responsibility to think about its effect on society and the planet, in addition to generating profits.
What is corporate social responsibility?
The number one reason startups fail
What is no market need?
According to Steve Blank's process, founders are asked to leave the building in order to confirm their presumptions about clients and issues.
What is customer discovery?
Metric that gauges how much of a customer is worth compared to what it costs to acquire them.
LTV/CAC ratio
A minimal-viable-product that a team could rapidly test assumptions against.
What is MVP?
When businesses overstate or misrepresent how environmentally friendly they are to appear sustainable, it's referred to as this.
What is greenwashing?
The highest success rate out of startups after five years
What is mining?
This type of one-page test that explains the product and counts signups is a traditional method of gauging consumer interest without developing complete software.
What is landing page smoke test?
Percentage of customers abandon a product within a time frame?
What is churn rate?
When a startup alters its course of action, yet continues learning about customers.
What is Pivot?
This kind of workplace abuse is where friends or relatives are treated better than anyone else in hiring and promotions.
What is nepotism?
Percent of startups fail due to competition
What is 20%
Often summed up as "being in a good market with a product that can satisfy that market," this phrase, made popular by a well-known venture capitalist, refers to the point at which customers fall in love with your product and demand increases.
What is user retention?
Measure that suggests how much money is burned per $1 of new revenue generated.
What is burn several?
The model that breaks down the entire market into the total, the attainable, and what you can win today.
What is TAM, SAM, SOM?
The practice of treating all employees the same way, without respect to gender, race, or background, is called this.
What is workplace fairness or equity?
85% of startups fail in the first what
What is five years?
According to this founder/VC-focused heuristic, the team and founders themselves are frequently the most crucial factor that investors consider when evaluating a startup.
What is the startup team?
Agreement authorizes startups to raise funds today and exchange them in equity in later times.
What is safe note?
Aplan of a company to reach customers and market its product referred to as.
What is a go to market strategy?
When a company tricks consumers by hiding charges in fine print, it's accused of lacking this ethical standard.
What is transparency?
what is it called when someone invest into the company and owns part of it
What is stock?
When evaluating product-market fit, this metric—which measures the number of users who continue to use a product over time—is crucial.
What is build measure learn?