Used generally to refer to the first equity round from serious seed or angel investors in a company, following its Friends & Family round but prior to a Series A.⁷

A new form of funding for early stage companies developed by YCombinator to solve a number of issues with traditional convertible note financing.⁷

A list of material statements or facts that are included in the investment documentation and to which the entrepreneur unequivocally commits.⁷

In Impact Investing, the goal of measuring a company by its positive societal impact in addition to its financial returns.⁷

When more than one investor joins in making an investment on similar terms.⁷

An investment approach leaning heavily on the identity of other, well-known people who are supporting the company.⁷

Money provided by a government agency or other organization that does not need to be repaid and does not purchase equity.⁷

When the valuation of a company at the time of an investment round is lower than its valuation at the conclusion of a previous round.⁷

The first investments made into a company by someone other than the founder.  The term comes from planting a seed for the first time.⁷

An investment round in which the pre-money valuation of a startups’ round is the same as its post-money valuation from the previous round.⁶