The Nitin Kaushik Legal Accountant has issued a warning note to emerging project owners, stressing that the lack of financial and operational literacy can lead to the corrosion of credibility quickly with potential investors.
In a publication on X (previously Twitter), Kaushik wrote: “New founders: Don’t embarrass yourself! Learn these ten conditions startup before investing.
He explained the ten basics that every founding founder must understand:
- MVP (the minimum viable product): The most abstract version of the product that solves a basic problem, allowing testing and quick comments.
- The suitability of the product market: The point where the request from customers is proven that the idea of work is working.
- BOOTSTRAPING: Development of a company using personal funds or revenues without external investors.
- The burning rate: The speed with which the start -up company spends every month.
- The runway: The number of months that can continue to start with the current cash reserves.
- Axis: Irrigation transformation in the work strategy when the current model fails.
- Angel investor: The first supporters who submit capital for property rights or convertible observations.
- Term paper: A non -binding agreement clarifies in detail the conditions of the investor deal.
- Cover table: A record showcases the distribution of ownership between founders, investors and employees.
- Seed financing: The first official investment round to build MVP, rent a basic team, and secure the first customers.
Kaushik concluded that knowing these terms is not optional for businessmen today: “If you are building a startup, deal with these ten terms like your ABCS. Learn them. Live them. Use them. Because not knowing them in the Hall of the Board of Directors = Red Science.”
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