#startups

It considers the company's overall business strategy and objectives, market trends, and customers' needs.

Cross-functional teams are various organizational departments—such as product, engineering, design, and marketing—working together to achieve a common goal.

Proprietary product distribution is when the company owns the distribution channel of its product.

Authentic leaders attract authentic people, which is an enormous advantage to keep strengthening the company's culture.

The startup burn rate is the rate at which a startup spends money in its bank account.

The PM discovers what customers need, studies the market and tendencies, prioritize what to build next, and rallies the team around a product roadmap.

The product owner (PO) is a role of the scrum team—it's an individual.

The CEO of a startup generally is a member of the founding team. They're the person who has more passion and commitment to the business and understands the problem space better.

The fact the team can't agree on a leader indicates the lack of ability to make difficult decisions.

It's essential to define mission, vision, and values because they are the core of your business and determine your organization's identity.

Network effects occur when a network's value increases for users as more people begin using it.

VP of Engineering role faces inward. They're responsible for building the engineering team and establishing the engineering culture and operations.

A venture backable business is a company whose business model has the potential to generate significant outsized returns.

Product/market fit (PMF) means being in a good market with a product that can satisfy that market.

It's fixed-term and cohort-based programs that include mentorship and educational components for startups.

Startups created in Venture Buildings (VB) may have some problems.

It's type of financing that invertors provides to startup companies and small business with a potential long-term growth.

The purpose of a startup incubator is to help entrepreneurs grow their business.

It's an organization that creates startups following a repetitive process. It acts as a co-founder to startups.