Terms every aspiring entrepreneur should know
haydenlee.io
haydenlee.io
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.
Oh, please.
After all, even though 90%+ of the population can read and write, few are writers.
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.
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
Thanks for this list!
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"?
For example, a niche website can provide a lot of cashflow by selling an e-book or something, but it has limited potential for capital growth. There are only so many people who will buy your e-book, and there is a very low barrier to entry.
On the other hand, a biotech startup has massive potential for capital growth if they found the cure for HIV or something. But until they get FDA approval, they won't have much if any income. Investors might give the company a high valuation because of its long term potential, but it's not the best choice of business if you want a quick income.
>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!
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.