Sometimes the lingo that startup CEOs throw around can get confusing, Techcrunch has a humourous glossary to help you navigate the world of startups and Silicon Valley.
“Acqui-hire – A strategy for acquiring talent pioneered by Google in the mid-2000s that happens when a bigger company thinks your team is good but your idea is hilariously bad. Also called a “signing bonus.”
Failure – A bad thing that the Silly Valley has recently put on a pedestal as something to be celebrated.
Cashflow Positive – Someone gave us a dollar.
Pivot – What happens when a company realizes its course of action is not living up to expectations. The classic historic example is The Point, which became Groupon after the company posted a coupon to a pizza place in The Point’s building in Chicago. (See also, Failure.)
SaaS — It loses money.
Pre-Money Valuation – A number you made up.
Post-Money Valuation – A number that you made up alongside your VC with the addition of some cash. Your burn rate is probably too high.”
For the full list, head on over to the article at Techcrunch.