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What do you know about entrepreneurship?

What are some key terms and theories to know about entrepreneurship and startups?

  • I want to make sure I understand investors, other entrepreneurs, and just get a general feel of good terms to know.

  • Answer:

    A very popular entrepreneurship philosophy these days is the Lean Startup Model, which has been widely publicized by Eric Ries and Steve Blank.  This philosophy basically emphasizes rapid iteration and building as little as possible (the minimum viable product) to get to the next learning or the next goal.  Great resources: http://venturehacks.com/articles/minimum-viable-product http://www.startuplessonslearned.com/ I've also done a presentation on this topic as well: http://www.launchbit.com/ilaunch-slides-thanks If you're looking for finance-related terms: -equity (stock) -stock options (not yet stock but you can opt to convert these to stock at maturation at the stock option price) -valuation (how much the company is worth to investors in a given financing round) -vesting (length of time before you are able to receive stock)

Elizabeth Yin at Quora Visit the source

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