PMF (Product-Market Fit)
Startup BasicsProduct-market fit is the point when a product finally satisfies real demand — customers keep using it, pay for it, and tell others unasked.
Plain-English definitions of startup, funding, AI, and tech terms — with Philippine examples where possible.
Product-market fit is the point when a product finally satisfies real demand — customers keep using it, pay for it, and tell others unasked.
Post-money valuation is a startup's estimated worth right after new investor money has been added, so it always includes that new cash.
Pre-money valuation is what a startup is estimated to be worth right before new investor money is added in a funding round.
Prompt engineering is the skill of writing clear, well-structured instructions to get better answers out of an AI model.
QBO is the Philippines' first public-private innovation hub, helping local tech startups get funding, mentorship, and training.
RAG lets an AI look up real documents before answering, so its response is grounded in actual information instead of memory alone.
Runway is how many months a startup can keep paying its bills before it runs out of cash, at its current rate of spending.
SaaS is software you access and pay for over the internet, usually as a monthly subscription, instead of buying and installing it yourself.
A SAFE is a simple contract where an investor gives a startup money now for the right to get equity later, without it being a loan.
SEC Philippines is the government agency where every startup must register as a corporation before it can legally operate.
A seed round is usually a startup's first real outside funding round, meant to help it build a product and find its first customers.
A Series A is typically a startup's first big round led by professional VC firms, raised once there's real evidence the product works.