Glossary | FiBAN

Proof-of-concept: The company is in the idea stage and has still not developed a “Minimum Viable Product” or MVP.
Proof-of-technology: The company has developed, or is very close to having developed, an MVP.
Proof-of-business: The company is currently testing its business model in the market.
Proof-of-scalability: The company has proven the business model (has achieved business validation) and is about to scale the business into new markets or geographical regions.
Mature-of-exit: The company is established and ready for an exit, for example via an M&A or IPO.

FiBAN Glossary

This glossary presents terms and definitions as used in FiBAN operations such as our dealflow and in our research projects.

– terms

For a practical guide on how to raise angel investment, see fiban.org/materials.