Common terms Every Founder trying to fundraise should know 1. MVP (Minimum Viable Product) - The simplest version of a product built with just enough features to test demand and gather user feedback. 2. Data Room - A secure folder containing company documents investors review before investing. 3. Pre-Seed Round - The earliest fundraising stage used to validate an idea and build an initial product. 4. Seed Round - Early-stage funding used to grow the team, product, and customer base after initial validation. 5. Angel Investor - A wealthy individual who invests personal money into startups, usually at an early stage. 6. Venture Capital (VC) - Professional investment firms that invest in high-growth startups in exchange for equity. 7. Due Diligence - The process where investors verify a startup’s financials, legal status, team, and business model before investing. 8. Term Sheet - A non-binding document outlining the key terms and conditions of a proposed investment. 9. Cap Table (Capitalization Table) - A record showing who owns what percentage of a company, including founders, employees, and investors. 10. Burn Rate - The amount of money a startup spends each month. 11. Runway - The number of months a company can operate before running out of cash. 12. TAM (Total Addressable Market) - The total revenue opportunity if you captured 100% of the market. 13. SAM (Serviceable Available Market) - The portion of the TAM your product can realistically serve. 14. SOM (Serviceable Obtainable Market) - The market share you can realistically capture in the near term. 15. Valuation - The estimated worth of a company at a specific point in time. 16. Pre-Money Valuation - The company’s valuation immediately before new investment capital is added. 17. Post-Money Valuation - The company’s valuation immediately after an investment is made. 18. Dilution - The reduction in an existing shareholder’s ownership percentage after new shares are issued. 19. MRR (Monthly Recurring Revenue) - Predictable revenue generated every month from subscriptions or recurring customers. 20. ARR (Annual Recurring Revenue) - The yearly equivalent of recurring revenue, typically ARR = MRR × 12. 21. Traction - Evidence that customers want your product, usually shown through growth in users, revenue, or transactions. 22. LTV (Lifetime Value) - The total revenue or profit expected from a customer throughout their relationship with the company. 23. Acquisition - When one company purchases another company.

If you are a founder in Nigeria , trying to raise money , here are some Angel investor networks/ Venture capital firms you can send your pitch to. Good-luck 1. Microtraction @microtraction 2. Ventures platform @vp_fund 3. Ingressive Capital @IngressiveCap 4. Oui Capital @OuiCapital 5. Lagos angel network @EkoNetwork 6. Green capital @GreenHouseCap_ 7. Voltron Capital @voltronafrica 8. Future Africa @anafricanfuture 9. Cascador @CascadorNigeria 10. Aruwa Capital @AruwaCapital 11. HoaQ Club @hoaqclub 12. Ajim Capital @AjimCapital 13. Lofty inc Capital @LoftyIncVC 14. Techstars Lagos @Techstars_Lagos 15. R17 Ventures @R17_Ventures Kindly add others in the comment section below and share to founders that might need it.