08 Apr '15, 1pm
[POST] Startup Glossary: What Are Investments, Convertible Loans And Term Sheets?
In the first part of ur un-alphabetical but logical glossary , we focused on terms you will encounter when you first enter the world of startups. Today we will dwell on the second stage of your startup life – thinking about how on Earth you will finance your newly started business. Bootstrapping Bootstrapping usually refers to the starting of a self-sustaining process that is supposed to proceed without external input – this means you rely on your own cash stash. Your savings, other income, your mom still giving you allowance, whatever makes you get through another work day. Etymologically, the originated in the early 19th century United States, from the phrase ”pull oneself over a fence by one’s bootstraps”, which basically describes an absurdly impossible action – however, it is not that impossible, and there are some fairly good reasons to fuel your business by bootstra...