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Korean Business Law - startup terms

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작성자 최고관리자 댓글 0건 조회 182회 작성일 19-01-15 15:12

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There are many young entrepreneurs challenging start-up with passion and dream. One of the hardest things to do when you see a new field is to get used to unfamiliar terms. Most start-ups and start-up members are not business consultants or entrepreneurs, so start-up terminology is unfamiliar. So today is the
I will introduce you to the unfamiliar start-up terminology that you should know.

I'll tell you about commissioning first. Startup is a term used in Silicon Valley.
A small capital, high potential compensation, and high risk are typical features, but the biggest criterion to distinguish start-up is innovation and ideas, the "novelty" of entrepreneurial items. There are many cases where 'seed money' is insufficient, and it has the possibility of high risk, high growth and high profit.

Seed Money: Seed Money is an investment that takes place at a very early stage in business. In addition, seed money can be used before the revenue is generated or until additional investment is received. Sid money includes family, crowdfunding, angel investment, and friend investment.

Crowdfunding: Crowdfunding is a way for individuals, businesses and organizations to invest in each network.
It is to be invested in an unspecified number. Mostly through the Internet intermediary site, investors choose projects and participate in the investment. If the fund raises the fund raising period, the fund raising goal, the fund raising goal, the reward, etc., and registers the publicity video, etc., the fund amount is returned to the investor.

Demo Day: An announcement of the early versions of Deco products and business models developed by Startup.
It is the day before the announcement day, which is the announcement date, before the event. Invested by accelerators
It is also the final step in the program that the startup company experiences. Through this event, startups will be known to the media and investors and will start networking and expand their business.

Angel Investment: Before start-up can prove its success, with only ideas and people. Investment received. From the perspective of the founder, it can be said that if you invest in a term that says you feel like an angel investment, If you fail, most of your investment is lost.

Accelerators: Companies that provide funding and management support for early-stage start-ups are also called start-up planners. Ultimately, through a series of processes, you will be able to successfully complete the 'exits' process. Primarily for commercial purposes, The investor directly invests the cost and receives the share in exchange for the capital supply.

Milestone: A short-term business plan or performance target. As startups grow and develop in the process, all important points such as product development, customer acquisition, and excellent management. It is called a milestone. It is a measure of step-by-step support when investing.

Exit: It means the end of the investment activity and the return of the investment amount. Exit strategies, and investment returns in terms of investors. Exit of the investment
The models are more likely to be more specific and more likely to receive investment. Exits are made through mergers and acquisitions and public disclosures, and investors are considering initial public offerings and mergers and acquisitions in order to maximize return on investment and increase returns.

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