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The business world absolutely loves its acronyms and industry-specific terms. I can’t tell you the number of meetings I have been in where acronyms get slung around like crazy. It can get quite exhausting. Even for someone who has been in the industry for while.
If you are in the market for startup funding then you will undoubtedly run across the same effect. Since experienced founders, consultants, and investors all speak the same lingo. One place I have witnessed this the most is during pitch sessions.
By no means should you expect to know every term. That is why I won’t cover them all here today. But, I am going to cover some of the most common acronyms and terms that you will come across during a typical startup meeting. Even some of the really basic terms.
If you can get a handle of these then you should be in better shape. Keep in mind that the best response is to admit you don’t know what something means instead of pretending to play along.
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