Entrepreneurship Terms

2. A technology that significantly alters how an industry functions and creates new opportunities.
4. The ability to develop innovative solutions with limited resources, focusing on cost-effective approaches.
9. A privately held startup company valued at over $1 billion.
11. A project management framework focused on flexible, short development cycles with continuous feedback and adaptation.
14. Investing in companies, organizations, or funds that aim to generate positive social or environmental impact alongside financial returns.
16. A startup that operates in secrecy, often to protect its intellectual property or gain a competitive advantage before launching publicly.
19. The cost associated with acquiring a new customer.
20. A type of securities offering that allows companies to raise capital from a broader pool of investors under simplified regulations.

1. A business with a social mission that aims to generate both profit and positive social impact.
3. When a larger company acquires a smaller startup primarily to hire its talent and potentially leverage some of their technology.
5. A strategy where a company owns and controls different stages of its production or distribution process.
6. The total revenue a customer is expected to generate for a business over their relationship.
7. A startup with limited resources that emphasizes resourcefulness, creativity, and hustle to overcome challenges.
8. An iterative approach to developing businesses through rapid prototyping, testing, and learning cycles.
10. A phenomenon where the value of a product or service increases as more users adopt it (e.g., social media platforms).
12. A strategy where a company acquires or merges with competitors in the same industry to gain market share.
13. The act of fostering an entrepreneurial spirit within a larger organization, encouraging employees to develop and launch new products or services.
15. An aggressive growth strategy that emphasizes rapid expansion and market dominance, often involving significant investment and risk.
17. Similar to a unicorn, but a blank is a high-growth startup with a valuation exceeding $100 million but less than $1 billion.
18. When your product perfectly aligns with the needs and desires of your target market.