Startup Terminology

What do you know about Startups? What is the meaning of it?

Give me examples of startups that you know.

What does the term 'disruptive' mean?

• Causing chaos or confusion
• Creating a disturbance or commotion
• Breaking apart or destroying
• Interrupts or changes the normal course of events or processes

What does the term 'bleeding-edge' refer to?

• An outdated or obsolete technology or development.
• A term used to describe a moderate level of advancement in technology or development.
• A term used to describe a stable and reliable technology or development.
• The latest or most advanced stage of technology or development.

What is bootstrapping in the context of starting a business?

• Starting a business with a large amount of external funding.
• Starting a business without any planning or strategy.
• Starting a business by acquiring an existing company.
• Starting and growing a business with little or no external funding or resources.

What does the term 'iteration' mean?

• Performing a single operation in a program
• Skipping a step in a program
• Executing a program only once
• Repeating a set of instructions or a sequence of steps multiple times in a program.

What is a pivot in the context of a startup?

• A pivot is a marketing strategy used by startups.
• A pivot is a type of funding for startups.
• A pivot is a change in a startup's business strategy or direction.
• A pivot is a term used to describe a startup's office space.

What is a pitch (deck) in the startup world?

• A tool used by construction workers on building sites.

• A document or presentation used by entrepreneurs to communicate their business idea and attract investors.

• A type of athletic equipment used in baseball and cricket.

• A cooking utensil used for baking bread and pastries.

What is the concept of freemium?

• a pricing strategy in which you don’t need to pay for the basic product but you need to purchase a premium version

• a short 10-slide PowerPoint presentation that covers all aspects of your start-up

• describing systems, devices, or ideas that are so modern that they are still being developed

• the act of a start-up quickly changing direction with its business strategy

What is a unicorn startup?

• a start-up valued at $1 billion or more

• the act of a start-up quickly changing direction with its business strategy

• starting a business without external help or capital

• describing systems, devices, or ideas that are so modern that they are still being developed