Glossary

Accelerator

The word “accelerator” is mainly used by startups. After running through a successful application process, the founders receive intensive trainings confined to few months in order to endow the young company with both the know-how and the resources that are...

Bootstrapping

Bootstrapping describes a process in the course of which companies manage to free themselves from an (economically) difficult situation.

Break Even

The break even is a turnover that fully covers the fix and proportional costs and the company quits the loss-making zone. Calculation of the break even point: fix costs of a product dividend by the contribution margin (selling price minus the proportional...

Business Angel

A person supporting a young company (startup) in the founding phase with financial resources but also with know-how and contacts is called a “Business Angel”. Many Business Angels are founders of a succesful company or work in higher management.

Business Model Canvas

In order to be successful, each startup does not only need a sparking business idea but also a strategic plan for the best implementation for this idea. Apart from that, investors expect a business plan in writing. In the early stages of the foundation, a...

Business Plan

The business plan canvases if the business concept of a startup is viable and defines the next steps leading to sucess. This is about ascertaining the target group, highlighting the USPs of the products/services, weighting the opportunities and threats and about...

Co-Working Space

Co-working spaces provide working spaces and infrastructure (access to the internet, conference rooms, office equipment) for a comparatively high rent. The term is an artificial word merging the expressions co-working and space. As the tenancy may be designed with a...

Copy Cat

The term “copy cat” had already appeared at the end of the 19th century in the works of the US-american author Sarah Orne Jewett. For startups, copy cats are companies that copy a business idea of another company.

Crowdfunding

The “Crowdfunding” is an innovative kind of financing startups. Via the internet, social media, platforms or blogs, many small amounts of money are collected to implement the project. The financial means needed is calculated and afterwards uploaded on a...

Crowdlending

“Crowdlending”, alternatively “Lending-based Crowdfunding” stands for granting credit from user to user – without involving a financial institution. A possible default risk is carried by the investors from the crowd. Meanwhile, more and...