16 Business Terms in The Korean Drama "Startup"

The Korean Drama  "Startup" starring Bae Suzy, Nam Joo-hyuk, Kang Hana and Kim Seon-ho just finished last week. Do you like this story in  Korean Drama Startup?

The story starts with Seo Dalmi who wants to run a business like Nam Do-san did with a Startup called Samsan Tech, who wants to prove to her sister Won In-jae that her decision to do business will make money, and never lose to her sister. 

Still, she had to escape early and step into the Sandbox. This is what Dalmi, Dosan, In-jae, and other friends have been fighting for.  They're going to competition to get into their Sandbox selection and if they succeed, they're going to Sandbox for their Startups.

The Sandbox became a incubator for new startups that were in the trenches for the first five months. If they manage to get funding from investors, they will produce products to sell to the market. 

How is their fight to be Startup, from zero to hero? You can watch it in the Korean Drama Startup. 😉

In addition to being a favorite business-themed drama, as each episode Startup begins, we will look at the title of the episode and a description of the terms used in the startup.

What are these Startup terms? Listen carefully! 😉

16 Business Terms in The Korean Drama "Startup"

Sixteen terms in this "Startup" are mandatory :

1. Startup

It's a tech-based startup for people's benefit

2. Family, friends, fools

The 3 elements that would normally be the first investor at a startup.

3. Angel Investor

The filthy rich who wanted to be an investor for a startup company

4. Silicon Valley

An area in San Francisco that became the world tech office center (Google, facebook, apple, etc.)

5. Hackathon

The weekend hacking program that forms some people into a team to build the software.

6. Keyman

Decision-makers in companies, usually have a 60% share.

7. Burn rate

"Burn money" is a capital used by the startups before profit. Including promotional expenses, expenses, etc.

8  Backups

Copying data in reserve in case the original file went wrong.

9. Risk

The risks of the business process in Startup. Overcome with identification, evaluation, and priorities.

10. Day Demo

Time for the team of pioneer companies to present their business ideas.

11. Exit

When the company returns the investment money and the profits. So that companies can have a higher percentage of stock ownership.

12. Acqhire (Arqui-hiring)

I exploit the company only to take its employees, not the big name of its business.

13. Comfort Zone

Where a person feels safe, comfortable and in control of his environment.

14. The elevator's pitch

Quick presentation. The ability to convince a person in a matter of minutes. As fast as the chatter in the elevator.

15. Minimum Viable Product (MVP)

Sample products with minimal features but not reduced their utility.

16. Scale-up

Bringing up the scale of the business by adding to the workers with more divisions and more established corporate systems.

See you next post! 😍


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