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Glossary

Knowledge is power.

What is Time to Value (TTV)?

3 mins
Time to Value measures how quickly a user derives benefit from your product. This guide explains the metric, its nuances, and why minimizing it is crucial for startups.

What is Word of Mouth (WOM)?

3 mins
Word of Mouth is the organic recommendation of a product by satisfied users. It serves as a vital, cost-effective growth engine and a strong signal of product-market fit.

What is Win Rate?

3 mins
Win Rate measures sales efficiency by calculating the percentage of opportunities that convert to closed deals. It helps founders diagnose pricing, product-market fit, and sales process effectiveness.

What is a Variable Cost?

3 mins
Variable costs fluctuate with production volume. Understanding them is crucial for calculating margins, determining break-even points, and analyzing the scalability of your startup business model.

What is a Letter of Intent (LOI)?

3 mins
This article defines the Letter of Intent (LOI) for startup founders, explaining its role in negotiations, acquisitions, and partnerships while distinguishing it from other legal documents.

What is a Warrant?

3 mins
Warrants are rights to buy stock at a specific price used to sweeten deals. This guide explains their mechanics, difference from options, and role in fundraising.

What is Freemium?

3 mins
Freemium is a strategy offering basic services for free while charging for premium features. This guide defines the model, compares it to free trials, and assesses startup viability.

What is a Right of First Refusal (ROFR)?

3 mins
A practical overview of ROFR clauses for founders, detailing how they control equity transfers, differ from Right of First Offer, and impact startup deal dynamics.

What is Reciprocity?

3 mins
Reciprocity is the social norm of returning favors. For founders, understanding this mechanic is crucial for building lasting relationships with customers, investors, and employees without relying on manipulation.

What is Mining (Crypto)?

6 mins
This article defines crypto mining, explains the Proof of Work consensus mechanism, compares it to staking, and explores the operational and economic realities for startups navigating blockchain infrastructure.