3.
Digital Nomad
A term used to describe someone who works online, and therefore often works from home, in co-working spaces, or is based abroad.
Disrupting
When a startup sets out to revolutionise its sector or industry.
Due Diligence
A process undertaken by potential investors — individuals or institutions — to analyse and assess the desirability, value, and potential of an investment opportunity.
Elevator Pitch
An elevator pitch is a brief presentation, typically 30 – 60 seconds in duration, presenting the entrepreneur’s concept/solution, business model, “go to market” strategy and value proposition to potential angel or venture capital investors, in order to obtain the attention of the investors, such that they are compelled to learn more about the opportunity.
Entrepreneur
A person who organises and operates a business or businesses, taking on greater than normal financial risks to do so. Entrepreneurs are the founders of startups and are the people angel investors support.
Equity
This designation is given to a stockholder’s ownership in a company.
Exit strategy
How you plan to sell the business, pay investors back and create a nest-egg for your future.
Failure
A great learning opportunity!