Category: Term of the Day

Traction is one of the ways investors used to assess the startup’s momentum? However, startups’ traction metrics will differ based on your business model, the industries and the stage that you are in. A startup’s traction will be the key, especially during Board meetings and fundraising. Think of traction as the evidence or proof that […]

A term sheet outlines the material terms and conditions of a business agreement. It serves as the template to develop more detailed legally binding documents. Most negotiations for venture investment will begin with the term sheet. In it, the term sheet will summarize the terms the proposer (the issuer, investor or an intermediary) is prepared […]

Today, we are going to talk about burn rate. Your burn rate is the speed at which your cash balance is going down. For example, if you have $2M cash on 1st January, and now it is 1st October, and you have $1,250,000 left, your burn rate is $750,000/9, or around $83,333 per month. Understanding […]

Product/Market Fit is a common concept in the startup world and one that SSII and our VC partners rigorously pitch to the startups we met. The term has been widely adopted by the startup industry especially when innovation is involved; specifically, when it revolves around successful high-growth companies, it has not caught on to the […]