A colloquial term used to describe traditional small, local retail and service companies. They typically serve local markets, provide jobs and benefit the local economy, but are usually not high-growth industries or eventual targets for investment or acquisition by larger companies.
As used in investment term sheets, any investor who puts in more than a defined amount into a given round, and is therefore entitled to specific information and/or voting rights.
The correct term for organizations often referred to as “super angels.” Structured similarly to a traditional venture fund, a Micro-VC is typically much smaller in size, with fewer partners, and invests less money but at an earlier stage.
