Silicon Valley Glossary Flashcards
(130 cards)
A/B Test
A strategy startups use to compare two versions of a product to see which one performs better.
eg.) “Let’s do an A/B test to see if changing the coffee to dark roast has an effect on productivity.”
Aqcuihire
Buying out a company for its talented workers as opposed to its products or services.
Angel
An allfuent individual that provides seed-stage funding.
API
Application Program Interface, Specifies a set of routines, protocols, and tools for building software applications that interconnect with each other. The use of APIs allows you to order a Lyft for yourself or your colleagues through Slack.
AR/VR
Stands for “Augmented Reality/Virtual Reality”. In AR, digital elements supplement a user’s normal perception. In VR, users are fully immersed in a digital world. In other words, Pokemon Go is augmented reality because players run through real cities, whereas with virtual reality, you are just looking like an alien wearing goggles.
AU
Active Users.
MAU
Monthly Active Users or Minute Active Users
HAU
Hourly Active User
SAU
Second Active User
AUM
Assets Under Management. The total market value of the financial assets a firm manages on behalf on their clients.
AUM is an investment firm’s equivalent of comparing hand sizes, but the real players measure the return on the pile, not how big the pile is.
Bandwidth
Time and availability to do a project
BDR- Business Development Representative
New, more glamorous term for an old entry-level shit job: telesales
Telesales
The selling of goods or services over the telephone.
Benchmark
Performance goals against which a company’s success metrics are measured.
Big Data
A broad term for data analytics that by putting “big” in front implies massive insights.
To date, Big Data has been closer to Big Foot, rumored to be a force but rarely seen.
Bleeding Edge
More advanced than “cutting edge”
Blockchain
On the surface, it is two bad words that together create a positive and highly disruptive idea. In actuality, it is a technology that allows for the transfer of information through shared record or ledger of events, and removes the need for a third party to intermedaite and validate the transfer.
Bookings
The value that a consumer intends to pay the company for a service. This is usually done in contract.
Bootstrap
Self-financing your startup with savings and credit cards as opposed to receiving investor funding.
“I’m bootstrapping right now, but I should get some seed capital sooner or later.”
Bozo Explosion
Steve Jobs’ lament that when early employees at startups get promoted over time to jobs they arent qualified for an additionally, hire peopl enot as talented as themselves. You wake up one day and realize the company is run by a bunch of idiots. Bozo Explosion often leads bozo implosion
Brain Rape
When an investor or another company tries to mine your company secrets under the pretense of a pitch or other official meetup
Bridge
Raising captial typically between two formal funding rounds. Investors are cautioned to avoid a “bridge to nowhere,” where the prospects of bringing in the next funding are dubious.
Brogrammer
Portmanteau of bro and programmer, a category of employees in the tech world who are typically young, male graduates with a “bro-y” culture.
Bubble
A state of booming economic activity (as in stock market) not sustainable by underlying values that often ends in a sudden collapse.