Terms every aspiring entrepreneur should know

http://haydenlee.io/terms-every-aspiring-entrepeneur-should-know

by haydenlee • 12 years ago

40 24 12 years ago

haydenlee.io

haydenlee3• 12 years ago

I want to build this list up over time so feel free to suggest terms and resources that I should add.

JacobAldridge• 12 years ago

Great list Hayden, thanks.

Just had a brainstorm on others inclusions, though they may be too much.

You could add some these in the future:- convertible notes, options, employee pools, Debt v Equity Funding, down round, acqui-hire, dead pool, IPO, Startup Curve

rjf1331• 12 years ago

Totally agree Jacob. Maybe even have a 201 version of the list where these terms can be included.

namenotrequired• 12 years ago

I have another suggestion: narrow down your target audience. I don't think "every entrepreneur" needs to know these; "every tech entrepreneur" or "every startup entrepreneur" would be more accurate.

Thanks for this list!

aaron9872• 12 years ago

I've got one. Entrepreneurs need to understand the difference between capital growth and cashflow.

csbrooks• 12 years ago

Can you elaborate? Or post a good link?

I'm guessing the issue isn't "what is the difference" but "why does it matter, and when do they get confused with each other"?

mbesto• 12 years ago

User versus customer. A customer pays you, a user uses your application. Customers can be users, but users aren't necessarily customers. Finally, many people (entrepreneurs and VCs alike) will confuse these two simply to make it sound like you have more people paying for your service than the general populous understands.

onion2k• 12 years ago

The difference between incubators and accelerators - an incubator is usually subsidised serviced office space for businesses that are just starting. It's really just an office. There's nothing about an incubator that helps the business grow besides the low cost.

An accelerator is a much more clearly defined programme of events and mentor-ship with the benefits of an incubator being wholly secondary. These days you're probably not going to get on to an accelerator unless you're already some way along with your business (tech largely built, got some traction, maybe revenue), and you need help taking it from something small and growing slowly to being something that has explosive growth (10% a week is optimal).

EDIT: I'm using the typical UK definitions there. It could be different in other places.

bshimmin• 12 years ago

"We've now reached a point where its [sic] so easy to learn how to code that people of all ages are doing it."

Oh, please.

Swizec2• 12 years ago

Coding is the easy part. Engineering is the hard part.

After all, even though 90%+ of the population can read and write, few are writers.

ownagefool• 12 years ago

Depends what you categorise as writing. Sure, few of us are successful authors or journalists, but many solicitors, doctors and business people are probably largely authors of works in their own right. It just generally doesn't pay to be a writer for writings sake.

On the other hand very few people outwith programmers would benefit from that level of programming ability, nevermind that many would argue very few programmers should actually categorize themselves as engineers.

oldmanjay• 12 years ago

I made it to

but of course I'd just nod in agreement so I didn't look like a noob... admit it, we've all been there

and had to stop. That's the worst possible thing you can do! The rest of the article could be full of amazing advice but I'll never know cause it's too hard to read while I'm shaking my head this violently.

Ask questions!

haydenlee3• 12 years ago

That part isn't the advice. Are you encouraging people to not admit their mistakes?

jacquesm• 12 years ago

I think you missed an opportunity there. The advice should be 'don't do this, it's better to admit to being a noob and asking for explanation rather than to hold a conversation using words you don't know the meaning of lest you pass up an opportunity to learn something.'.

There is no such thing as a stupid question.

This reminds me of a conversation I overheard long ago in public transport where two kids were arguing (loudly) about what was the faster computer, Okidata or Brother.

charlie_vill• 12 years ago

"Pro tip: since these essays are kinda long, I use the app Pocket to download the essays and listen to them next time I'm catching the train/bus/<em>hyperloop.</em>" <-- you sir, are going places.

simonswords822• 12 years ago

So if I download to Pocket does Pocket also play them back like an audiobook type thing? I've looked at the Pocket website and it's about saving for reading later, doesn't say anything about listening? I'd love to be able to save stuff to listen to in the car for example...

haydenlee3• 12 years ago

Hi Simon, the android app had the ability last time i checked. It uses android's text to speech api.

WesleyThurner• 12 years ago

I did something similar on my site with a list of terms.

http://researchtrep.com/research/trep-terms/

Terms every aspiring entrepreneur should know

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