User interface (UI) refers to the design of the surface through which users interact with a digital product or service, including layout, visual elements and interaction design.
Glossary entry
What does ‘traction’ mean, and how can start-ups demonstrate measurable progress?
Traction refers to the demonstrable progress of a start-up or company, often represented by key indicators such as user growth, sales growth or market penetration.
What does TAM stand for, and how is the total market potential calculated?
The Total Available Market (TAM) is an estimate of the total sales potential that a product or service could achieve worldwide, regardless of existing market barriers or the company's current market penetration.
What is a term sheet, and what financing terms are set out in it?
A term sheet is a non-binding document that outlines the key terms and conditions of an investment or business agreement between two or more parties.
Why is the team crucial to the success of a start-up?
The team of a start-up is the driving force behind innovation, realisation and growth, consisting of individuals with complementary skills, common goals and a shared vision.
What are tag-along rights and how do they protect minority shareholders in the event of a company sale?
Tag-along rights are contractual agreements that grant minority shareholders the right to sell their shares under the same conditions should a majority shareholder decide to sell their share package to a third party.
What is a SWOT analysis and how does it help start-ups with strategic decision-making?
The SWOT analysis is a proven tool in strategic management that enables start-ups to systematically identify and assess their strengths, weaknesses, opportunities and threats.
What does ‘sweat equity’ mean, and how is work in a start-up remunerated?
Sweat equity refers to the value brought to a startup or company by the time, effort and commitment that founders and team members invest without immediate financial compensation.
What is a strategic investor, and what added value do they offer start-ups?
A strategic investor is a person or organisation that invests capital in a startup or company to create a strategic partnership or synergy beyond the financial return.