Startup & Tech Glossary

Plain-English definitions of startup, funding, AI, and tech terms — with Philippine examples where possible.

Kickstart Ventures

Philippine Ecosystem

Kickstart Ventures is Globe Telecom's corporate venture capital arm, investing in Philippine and regional tech startups.

Large Language Model (LLM)

Ai Machine Learning

An LLM is an AI trained on huge amounts of text so it can understand and generate human-like language, such as Claude or ChatGPT.

LTV (Lifetime Value)

Startup Basics

LTV is the total revenue a business expects to earn from a single customer for as long as that customer keeps buying or paying.

Marketplace

Technology

A marketplace is a platform that connects buyers and sellers so they can trade directly, without the company itself owning the goods.

MCP (Model Context Protocol)

Ai Machine Learning

MCP is an open standard letting AI models connect to outside tools and data in one consistent way, instead of custom code each time.

MRR (Monthly Recurring Revenue)

Startup Basics

MRR is the predictable revenue a subscription business collects every month from its currently active paying customers.

MVP (Minimum Viable Product)

Startup Basics

An MVP is the simplest version of a product a startup can build and release to learn whether real users actually want it, before investing more.

NFT

Crypto Web3

An NFT (non-fungible token) is a one-of-a-kind digital certificate of ownership for a specific item, like an artwork, game item, or collectible.

Open Source

Technology

Open source means a program's underlying code is publicly available for anyone to view, use, modify, and share, usually for free.

Pivot

Startup Basics

A pivot is when a startup makes a fundamental change to its product, business model, or target customer based on what it has learned.

Platform

Technology

A platform is a foundational product that other businesses, developers, or sellers build their own products and services on top of.