ryporter
ryporter (13)

14

Hockey Stick Growth

A way to describe the type of fast growth that VC likes which is up and to the right like a hockey stick. When pitched by founders, it is often accompanied by a y axis that isn't labeled or a growth percentage that doesn't include initial value.

Matthew: We experienced 1200% user growth in the past week. Our growth is as hockey stick as it gets.
Sam: How many users did you start off with.
Matthew: You know... I didn't need to take this meeting. VCs are lining up to fund me

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Added by zazpowered zazpowered over 9 years ago

    37

    Uber of...

    Commonly used by startup founders to compare their mediocre startup or idea to the startup unicorn Uber.

    Startup Founder: We're the Uber of food delivery.
    VC: Uhhh... so is everyone else.

    2 Comments
    Added by ssc242 ssc242 over 9 years ago

    • iceariel13 iceariel13

      Yep, seamless, delivery,com, munchery, caviar...the list never ends

      1
      Reply
      over 9 years ago

    • N.Hemingway N.Hemingway

      You should additionally add "Facebook of..." probably the most heard phrase since 2010 ;D

      1
      Reply
      over 9 years ago
    32

    Gamification

    Adding game elements to normally not game related software or processes in order to increase engagement.

    A: User testing has shown that users don't like our accounting app.
    B: We should really be adding some gamification.
    A: Will that make the app more useful?
    B: No, but more fun!

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    Added by graup graup over 9 years ago

      17

      Herd Mentality

      When people follow the leader or others like a herd instead of thinking independently. Often seen when investors are deciding which startups to fund.

      VC: You guys have a really strong team, exactly the type that we like to fund, but we just don't believe in the idea.
      Kim: Did I mention that a16z decided to invest in us yesterday.
      VC: Wait. Don't leave. I think we started things off on the wrong foot.

      1 Comment
      Added by zazpowered zazpowered over 9 years ago

      20

      Agile

      A term start ups use to justify any corner cutting they have to take to "get shit done"

      Jon (developer): Why did you take away all our desks and chairs and replace them with card-board boxes?
      Eric (CTO): Jon, we have to be more Agile. Those desks and chairs are paying for one extra EC2 core.

      Kelly (developer): Why the fuck did we let Drew write this shitty ass module?
      Eric (CTO): We have to be Agile and move at the speed of business. Drew "got shit done".

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      Added by stevebot stevebot over 9 years ago