To fund a project by raising small quantities of money from a large number of people.
CROWDFUNDING
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lifesaver
Give 10 points!
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rocket
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rocket
Go to first place!
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baam
Lose 25 points!
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monster
Reset all scores!
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fairy
Take points!
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rocket
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lifesaver
Give 20 points!
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15
When entrepreneurs fund their startup(s) with their own personal savings and use money from friends and family
BOOTSTRAPPING
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15
A private individual who provides capital from their own net worth for a business or businesses in exchange for equity.
ANGEL INVESTOR
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15
A center/program where startups are âincubatedâ through mentorship, space, resources and sometimes cash.
ACCELERATOR
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15
The number of customers that stop doing business with a company over a set period compared to the organizationâs total clientele.
CHURN RATE
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15
A marketing strategy that employs low-cost, non-traditional methods to grow a business quickly.
GROWTH HACKING
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15
A private startup that is valued at over $1 billion
UNICORN
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15
You give the basic product away for free and then try to upsell features to your customers.
FREEMIUM
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15
The amount of money an entrepreneur spends over a set period compared to the startupâs available capital.
BURN/RUN RATE
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15
The combination and blending of two separate enterprises to form a new single business
MERGER
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15
A startup that functions best on a small scale and has little potential for large growth
COTTAGE BUSINESS/INDUSTRY
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15
A business owner's strategic plan to sell ownership in a company to investors or another company.
EXIT STRATEGY
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15
A term used to describe financing that is provided to companies and entrepreneurs. They can provide backing through capital financing, technological expertise, and/or managerial experience.