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Good Banking Glossary

Updated: Sep 12, 2023


Angels

An angel investor or angel (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. (https://en.wikipedia.org/wiki/Angel_investor)


Bootstrapping

A situation in which an entrepreneur starts a company with little capital. An individual is said to be bootstrapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company. (http://www.investopedia.com/)


Incubators

A business incubator in business speak is a company that helps new and startup companies to develop by providing services such as management training or office space. (https://en.wikipedia.org/wiki/Business_incubator)


Pivot

When used in relation to entrepreneurship, pivot (which generally refers to a shift in strategy, without a change in vision) describes the tortured path that most start-ups go through to find the right customer, value proposition, and positioning. (http://lexicon.ft.com/Term?term=pivot)


Unicorns

A Unicorn denotes a privately-held company whose valuation has exceeded $1 billion. (https://en.wikipedia.org/wiki/Unicorn_(finance))


VC (Venture Capital)

Money that is provided to seed early-stage, emerging and emerging growth companies. (https://en.wikipedia.org/wiki/Venture_capital)


Be Good. Good Attracts Good.


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