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Glossary

Knowledge is power.

What is an Independent Contractor Agreement?

4 mins
An overview of the Independent Contractor Agreement, detailing its role in defining business relationships, securing intellectual property, and distinguishing freelancers from employees to prevent legal risks.

What is a Contingency Plan?

3 mins
A contingency plan is a proactive strategy designed to help startups respond to potential future events, distinguishing between preparation and reactive crisis management.

What is Refactoring?

3 mins
Refactoring is restructuring code without changing external behavior. It is essential for reducing technical debt and maintaining development speed in startups.

What is a Blockchain Fork? (Hard vs Soft)

6 mins
Forks represent critical updates or disagreements in blockchain protocols. Understanding the distinction between hard and soft forks helps founders navigate platform risk and technical dependency.

What is a Benefit Corporation?

3 mins
An overview of the Benefit Corporation legal structure, explaining how it legally obligates companies to weigh social impact alongside profit and how it differs from voluntary certification.

What is a Leveraged Buyout (LBO)?

3 mins
An LBO uses significant borrowed money to acquire a company. It maximizes returns on equity but adds substantial risk through heavy debt obligations and interest payments.

What is a GPU (Graphics Processing Unit)?

5 mins
A GPU is specialized hardware designed for parallel processing. While originally for graphics, it now powers machine learning. Founders must understand its utility to make smart infrastructure decisions.

What is the Corporate Veil?

4 mins
Understand the legal barrier protecting your personal assets from business debts and learn the operational habits required to prevent courts from holding you personally liable.

What is Legacy Code?

3 mins
Legacy code is software relying on unsupported technology. Learn to manage it without stalling growth or attempting dangerous rewrites.

What is a Special Purpose Vehicle (SPV)?

3 mins
An SPV is a legal entity used to isolate risk or pool investors. This guide explains how it simplifies startup fundraising and keeps capitalization tables clean.