A condensed financial statement showing the nature and total value of a company’s assets, liabilities, and capital on a given date.
A condensed financial statement showing the nature and total value of a company’s assets, liabilities, and capital on a given date.
Big Hairy Audacious Goal, the giant sweeping vision of a startup founder to change the world.
A group of people elected by a company’s shareholders (often according to the terms of a negotiated shareholders’ agreement) that makes decisions on major company issues, including hiring/firing the CEO.
The process of recording all of the company’s transactions in a set of books, also known as a ledger. Entries are recorded in accounting software, which will compile reports based on how bookkeepers tag such entries.
Funding a company without external help or capital and reinvesting initial profits.
A temporary investment instrument used to cover a company’s operating expenses until a future financing.
The monthly negative cash flow from a startup.
A strategic management template for developing or documenting business models through a visual chart with elements describing a firm’s value proposition, infrastructure, customers and finances.
A program to encourage entrepreneurs to develop plans for new businesses, and sometimes a showcase competition for existing startups seeking financing.
When a business engages in commercial interactions directly with consumers (the consumer is the end-use customer of the product or services provided).
The purchase of a company or a controlling interest of a corporation’s shares, product line or business. A leveraged buyout is an acquisition accomplished with borrowed money or by issuing more stock.