Entrepreneurship and Marketing Conversations

These flashcards cover key vocabulary and concepts discussed in the lecture regarding entrepreneurship, marketing strategies, and the dynamics of funding and business acquisition.

Pre Seed Package

Funding stage prior to the seed round that is challenging for startups due to budget constraints.

Seed Series A

An early stage of investment that helps startups grow following the initial seed investment.

Ideal Customer Profile (ICP)

A description of the type of customer that is most likely to benefit from a startup's products or services.

Venture Capital (VC)

A type of private equity financing that is provided by venture capital firms to startups and small businesses with long-term growth potential.

ETA (Entrepreneurship Through Acquisition)

A method of starting a business by acquiring an existing one, often appealing to corporate refugees.

Seller's Note

A financing tool where the seller provides a loan to the buyer to cover part of the purchase price of a business.

Lead Generation

The process of identifying and attracting potential customers for a business's products or services.

Business Broker

A professional who helps facilitate the sale of a business, similar to a real estate agent.

Equity Position

The ownership interest in a business, represented as a percentage of the business.

Recurring Revenue ,definition: "Income that is consistently generated over time, often through subscription models or ongoing services.

Income that is consistently generated over time, often through subscription models or ongoing services.