Glossary entry

Leadership in start-ups refers to the ability to set visions, inspire teams and make strategic decisions that drive the company forward.

Freemium is a business model used by start-ups and digital services in which basic products or services are offered free of charge, while extended functions or premium services are subject to a charge.

Franchising is a method of business expansion in which an established company (franchisor) grants an independent entrepreneur (franchisee) the right to use its business concept, brand and expertise in return for a fee.

Founders, often referred to as company founders, are the driving forces behind the conception, development and establishment of start-ups and companies that bring new ideas, products or services to the market.

Fin-Tech, a contraction of "financial technology", refers to start-ups and companies that use modern technologies to make financial services more efficient, accessible and often more cost-effective.

A startup's financial plan is an essential document that includes a detailed forecast of the company's future revenues, expenses, cash flows and capital requirements.

The financing phases of a startup include different stages of capital raising, ranging from the seed phase to Series A, B, C and beyond, to support the development, growth and scaling of the company.

An external round is a financing round in which start-ups raise capital from external investors, such as venture capital firms, business angels or other investors, in order to finance growth and expansion.

The term "exit" refers to the strategy used by founders, investors or owners to sell or reduce their stake in a company, typically through a sale, merger, takeover or initial public offering (IPO).