Lucy Nicholson/Reuters/File
Do you speak start-up? An entrepreneurial vocab quiz.
“Once we pivot, we’re likely to have a good seed round with angels so we can finally disrupt the tech business. Let’s just hope we’re not ramen-profitable, haha!”
Did that sentence sound like gibberish to you? If you’re not in the start-up world, it likely would. Start-ups are filled with their own jargon, buzzwords, and colloquialisms popularized by an explosive tech scene and the esoteric communities it functions within. But with many start-ups making an appearance in our daily lives (Facebook, Snapchat, Air BnB) you may know more of the language than you think.
So here is the challenge: can you translate the start-up world to our own? Take this quiz to see if you speak the start-up slang.
11. Define: exit
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When someone is so fed up with the politics, money, failures, and irregularity of the start-up business that they dramatically leave to work in an entirely different sector. |
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When a start-up is acquired by a larger company or files for an initial public offering (IPO)—essentially how a company “cashes out” on its investment. |
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When an investor who initially expressed marked interest in a product, but later backs out without any explanation as to why. |
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When a failed start-up founder suddenly disappears on worldwide travels in search of “him/herself,” a la Steve Jobs after he was fired from Apple. |
