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Level 6

Unit 6 Lessons 1 & 2 DEFINITIONS Part 2


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an asset
something such as money or property that a person or company owns
maintenance
activities which are necessary to keep something in good condition
angel capital
capital provided by a business angel
a business angel
an affluent individual who invests private money in business projects and start-ups, often in exchange for a stake in the business (also known as an agel investor, informal investor, angel funder, private investor, or seed investor)
due diligence
the analysis and audit of a company or organization done in preparation for a business transaction (as a corporate merger or purchase of securities)
financial projections
a forecast of future revenues and expenses for a bussiness, organisation
(a) background
1. someone's family, education, previous work etc. 2. the situation or past events that explain why something happens in the way that it does
a pitch
the things that you say to persuade someone to buy something or to support you
a track record
all of a person's or organization's past achievements, successes, or failures, which show how well they have done something in the past and how well they are likely to do in the future; your reputation based on things you have done or have not done;
a venture capitalist
an investor who provides venture capital to promising business ventures; often he also provides management and industry expertise and business connections with other firms and venture capitalists;