When a larger, more successful company buys out a smaller, failing company to gain its talented workforce, not its product or services.
ACQUI-HIRING
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15
To fund a project by raising small quantities of money from a large number of people.
CROWDFUNDING
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thief
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banana
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A marketing strategy that employs low-cost, non-traditional methods to grow a business quickly.
GROWTH HACKING
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15
When a startup makes a quick, dramatic shift in its business approach, product, service, or target market
PIVOT
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15
The number of customers that stop doing business with a company over a set period compared to the organizationâs total clientele.
CHURN RATE
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15
The amount of money an entrepreneur spends over a set period compared to the startupâs available capital.
BURN/RUN RATE
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15
A business owner's strategic plan to sell ownership in a company to investors or another company.
EXIT STRATEGY
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15
The combination and blending of two separate enterprises to form a new single business
MERGER
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A center/program where startups are âincubatedâ through mentorship, space, resources and sometimes cash.
ACCELERATOR
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baam
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rocket
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baam
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A private individual who provides capital from their own net worth for a business or businesses in exchange for equity.
ANGEL INVESTOR
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heart
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A startup that functions best on a small scale and has little potential for large growth
COTTAGE BUSINESS/INDUSTRY
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A term used to describe financing that is provided to companies and entrepreneurs. They can provide backing through capital financing, technological expertise, and/or managerial experience.