core Revenue & Growth
ARR
Annual Recurring Revenue — predictable subscription revenue over a year.
ARR = MRR × 12
core Revenue & Growth
MRR
Monthly Recurring Revenue — predictable monthly subscription revenue.
core Revenue & Growth
Churn
The percentage of customers or revenue lost in a period.
Churn = Lost / Starting
high Revenue & Growth
Net Revenue Retention
Revenue retained from existing customers including expansion, after churn.
NRR = (Start + Expansion − Churn − Contraction) / Start
high Revenue & Growth
Gross Revenue Retention
Revenue retained from existing customers, excluding expansion.
high Revenue & Growth
Revenue growth rate
The % change in revenue over a period.
(Period − Previous) / Previous
core Revenue & Growth
Customer LTV
Total revenue (or profit) a customer generates over their lifetime.
LTV ≈ ARPU × Gross margin / Churn rate
core Revenue & Growth
CAC
Customer Acquisition Cost — what you spend to get one new customer.
CAC = Sales & Marketing spend / New customers
core Revenue & Growth
LTV:CAC ratio
The ratio between customer lifetime value and acquisition cost.
high Revenue & Growth
CAC payback period
How many months it takes to earn back the cost of acquiring a customer.
high Revenue & Growth
Break-even point
The revenue level where total costs equal total revenue.
core Revenue & Growth
Gross margin
Revenue minus the direct cost of delivering it, as a %.
(Revenue − COGS) / Revenue
high Revenue & Growth
Net margin
Profit as a % of revenue, after every cost.
core Revenue & Growth
Burn rate
How much cash a business loses per month.
core Revenue & Growth
Runway
How many months of cash you have at the current burn rate.
Runway = Cash / Net monthly burn
core Go-to-Market
Go-to-market (GTM)
The end-to-end strategy for taking a product to customers.
high Go-to-Market
Target market
The specific group of customers a product is meant for.
high Go-to-Market
TAM
Total Addressable Market — the maximum possible market for a product.
medium Go-to-Market
SAM
Serviceable Addressable Market — the slice of TAM you can realistically serve.
medium Go-to-Market
SOM
Serviceable Obtainable Market — the share you can realistically capture.
core Go-to-Market
Ideal Customer Profile
The specific kind of company or person your product is built for.
medium Go-to-Market
Buyer personas
Detailed profiles of the people who decide and use.
core Go-to-Market
Value proposition
The clear statement of why a customer should choose you.
high Go-to-Market
Positioning
The mental category a product owns in customers' minds.
high Go-to-Market
Messaging
The specific words you use to communicate positioning.
core Go-to-Market
Pricing strategy
The framework you use to set and change prices.
high Go-to-Market
Pricing models
Per-seat, usage, tiered, freemium, flat — how price scales.
high Go-to-Market
Sales funnel
The stages from first contact to closed deal.
high Go-to-Market
Conversion rate
The % moving from one stage to the next.
high Go-to-Market
Lead generation
Activities that create new prospects.
medium Go-to-Market
MQL / SQL
Marketing-Qualified and Sales-Qualified Leads — different stages of intent.
high Go-to-Market
Pipeline
Active deals in motion, weighted by stage probability.
medium Go-to-Market
Sales cycle
Average time from first touch to closed deal.
core Go-to-Market
Distribution channels
The paths your product reaches customers through.
medium Go-to-Market
Partnerships
Other companies that bring you customers or capabilities.
medium Go-to-Market
Community-led growth
Growth driven by a community of users, fans, and contributors.
high Go-to-Market
Product-led growth
Growth where the product itself acquires, activates, and expands users.
core Product & Business Model
Product-market fit
A product that a specific market wants enough to pull from you.
high Product & Business Model
MVP
Minimum Viable Product — the smallest version that can test the key bet.
high Product & Business Model
Product roadmap
A prioritized plan of what to build over time.
high Product & Business Model
Feature prioritization
Choosing what to build next based on impact, cost, and risk.
core Product & Business Model
Business model
How a company creates, delivers, and captures value.
core Product & Business Model
SaaS
Software sold as a recurring subscription.
high Product & Business Model
Subscription business
Customers pay on a recurring basis for ongoing access.
core Product & Business Model
Recurring revenue
Revenue that automatically renews without re-selling.
medium Product & Business Model
Freemium
A free tier alongside paid plans.
medium Product & Business Model
One-time product
Sold once per customer, no recurring relationship.
medium Product & Business Model
Digital products
Goods delivered as bits: courses, ebooks, templates, tools.
medium Product & Business Model
Physical products
Goods that exist in the real world, with inventory.
high Product & Business Model
Marketplace
A platform connecting buyers and sellers.
high Product & Business Model
Platform
Infrastructure others build their products on.
core Product & Business Model
Network effects
A product gets more valuable as more people use it.
core Product & Business Model
Moat
A durable advantage that protects from competitors.
core Product & Business Model
Unit economics
The profit or loss of a single unit of sale.
high Funding & Financing
Bootstrapping
Funding the business from revenue and personal savings.
high Funding & Financing
Seed funding
Early capital to find product-market fit.
medium Funding & Financing
Series A / B / C
Successive rounds of growth capital after seed.
high Funding & Financing
Venture capital
Equity investment in high-growth startups.
medium Funding & Financing
Angel investors
Wealthy individuals investing early-stage capital.
low Funding & Financing
Grants
Non-dilutive money from governments or foundations.
medium Funding & Financing
Debt financing
Borrowed capital that must be repaid with interest.
high Funding & Financing
Equity financing
Selling ownership stakes in exchange for capital.
high Funding & Financing
Valuation
The agreed-upon value of the company at a point in time.
high Funding & Financing
Cap table
The list of who owns what % of the company.
high Funding & Financing
Dilution
The decrease in ownership % as new shares are issued.
medium Funding & Financing
Exit strategy
How investors and founders eventually realize value.
medium Funding & Financing
Acquisition
Another company buys yours.
medium Funding & Financing
IPO
Initial Public Offering — selling shares on public markets.
high Operations & Execution
KPIs
Key Performance Indicators — the few metrics that matter most.
high Operations & Execution
OKRs
Objectives and Key Results — a framework for setting and tracking goals.
medium Operations & Execution
Goals
The outcomes a team commits to.
high Operations & Execution
Cohorts
Groups of users tracked over time by when they joined.
core Operations & Execution
Retention
The % of users who keep using the product over time.
high Operations & Execution
Engagement
How actively users interact with the product.
high Operations & Execution
Activation
Users reaching the moment of first real value.
high Operations & Execution
Onboarding
The first-run experience that gets users to value fast.
high Operations & Execution
Customer success
The function that ensures customers reach their goals with your product.
medium Operations & Execution
Customer support
Helping users resolve problems.
high Operations & Execution
Feedback loops
Systems that turn user signal into product decisions.
high Operations & Execution
Iteration
Repeated cycles of build, measure, learn.