Startup Mundi Game Experience Glossary
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Web Developer
A professional who specializes in designing, developing, and maintaining websites and web applications. -
Virtual Reality
A technology that immerses users in a simulated or virtual environment through visual and auditory stimuli. -
User Stories
Brief descriptions of a product's functionality from the perspective of an end-user, used in agile development. -
Usability Test
A research method that evaluates how easily users can interact with a product or system and identifies areas for improvement. -
UI/UX Designer
A professional who specializes in designing the user interface (UI) and user experience (UX) of digital products. -
System Bug
A software or technical issue that causes unintended and undesirable behavior in a system or application. -
Series A - Investment
A round of funding typically provided to startups after the seed stage to support growth and expansion. -
SEO - Search Engine Optimization
Strategies and techniques used to improve a website's visibility and ranking in search engine results. -
Seed Investment
The initial capital provided to a startup in exchange for equity to help them develop and grow. -
Scalability
The ability of a business or system to handle increased demand, growth, or expansion without significant disruption. -
Sales Machine
A well-defined and efficient sales process that consistently generates revenue. -
Sales Funnel
A visual representation of the stages that potential customers go through before making a purchase decision. -
Sales - Farmer
A salesperson responsible for nurturing and maintaining relationships with existing customers. -
Sales Dev Rep (SDR)
A sales development representative responsible for generating leads and qualifying prospects for the sales team. -
Sales - Closer
A salesperson responsible for closing deals and converting leads into paying customers. -
Retention
The ability of a company to retain and keep customers over an extended period of time. -
Product Roadmap
A visual representation of a product's planned development and feature releases over time. -
Product Owner
A role in agile development responsible for defining and prioritizing product features and requirements. -
Product-Market Fit
The point at which a product meets the needs and demands of its target market, leading to successful adoption. -
Product Features
The specific functionalities and characteristics that a product offers to meet user needs and requirements. -
Product Development
The process of designing, building, and launching a new product or improving an existing one. -
Process Automation
The use of technology to automate repetitive and manual business processes for increased efficiency. -
Problem and Solution
The identification of a customer problem or need and the development of a solution to address it. -
Price and Monetization
Strategies and methods used to set prices and generate revenue from a product or service. -
Predictable Revenue
A revenue model and strategy that aims to consistently generate a predictable stream of income. -
POC - Proof of Concept
A small-scale demonstration or experiment to validate the feasibility of a concept or idea. -
Pitch
A presentation or proposal made to investors or stakeholders to secure funding or support for a business idea. -
Outbound
Marketing and sales activities that involve reaching out to potential customers through various channels. -
Operations
The activities and processes involved in the day-to-day management and functioning of a business. -
Open Innovation
A collaborative approach to innovation that involves external partners and stakeholders in the creative process. -
MVP - Minimum Viable Product
The most basic version of a product that includes essential features and is released for testing and feedback. -
Metrics
Quantitative measurements and data used to assess the performance and progress of a business or project. -
Machine Learning
A subset of artificial intelligence that enables computers to learn and make predictions from data. -
LTV - Lifetime Value
The total revenue a customer is expected to generate over their entire relationship with a company. -
Lead Generation
The process of identifying and attracting potential customers who have expressed interest in a product or service. -
KPI
Key Performance Indicator - A measurable metric used to evaluate the success of a business or project. -
IoT - Internet of Things
The network of interconnected physical devices and objects that can collect and exchange data. -
Investor
An individual or entity that provides financial capital to a startup or business in exchange for equity or debt. -
Inbound
Marketing activities that aim to attract potential customers through content and online channels. -
Ideal Customer
The type of customer who is most likely to benefit from and engage with a company's offerings. -
Help Desk
A support service that provides assistance and troubleshooting to users of a product or service. -
Hardware Engineer
An engineer who designs and develops hardware components and systems, often in technology products. -
GTM - Go To Market
The strategy and plan for bringing a product or service to market and attracting customers. -
Growth Hacker
A professional who focuses on creative and cost-effective strategies to achieve rapid business growth. -
Functional Prototype
A working model of a product that demonstrates its core functionality and features. -
Full Stack Developer
A developer with skills in both front-end (user interface) and back-end (server-side) development. -
Engagement Metrics
Measures used to assess how users interact and engage with a product, website, or content. -
Due Diligence
The process of investigating and evaluating a company's financial and operational health before an investment or acquisition. -
Digital Platform
An online or digital environment where users can interact, access services, or conduct transactions. -
Data Scientist
An expert in data analysis and modeling who extracts valuable insights from data to inform business decisions. -
Data Oriented
A business or decision-making approach that relies on data analysis and insights for informed choices. -
Customer Success
A department or strategy focused on ensuring customers achieve their desired outcomes with a product or service. -
Customer Segmentation
The process of dividing a customer base into groups with similar characteristics and needs. -
Customer Journey
The series of interactions and touchpoints that a customer has with a company throughout their lifecycle. -
Customer Centric
An approach that places the customer at the center of all business decisions and strategies. -
CRM - Customer Relationship Management
Software and practices used to manage interactions with customers and prospects. -
Content Marketing
A marketing strategy that involves creating and distributing valuable content to attract and engage an audience. -
Community Manager
A person responsible for building and managing an online community or social media presence for a brand. -
Codeless
Refers to software development tools or platforms that allow users to create applications without writing code. -
Churn
The rate at which customers stop using a product or service, often expressed as a percentage. -
CAC – Customer Acquisition Cost
The cost incurred to acquire a new customer, including marketing and sales expenses. -
Business Development
Activities aimed at identifying and creating opportunities for a company to grow and expand. -
Burn Rate
The rate at which a startup or company is spending its capital, often expressed as a monthly expenditure. -
Blockchain
A decentralized and distributed ledger technology used for secure and transparent record-keeping. -
Beta
A stage of software or product development where a limited version is made available for testing by a select group of users. -
Average Ticket
The average amount of money a company receives from each customer or transaction. -
Augmented Reality
A technology that overlays digital information or virtual elements on the real-world environment. -
Artificial Intelligence
The simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence. -
Angel Investor
An individual who provides capital to startups in exchange for equity ownership. -
AI Developer
A professional who specializes in creating and implementing artificial intelligence algorithms and models. -
Agile Development
An iterative and flexible software development approach that emphasizes collaboration and adaptability. -
A/B Testing
A method of comparing two versions of a webpage or product to determine which one performs better. -
3D Printing
A manufacturing technique that creates three-dimensional objects by adding material layer by layer.