Startup & Tech Glossary

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

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.

PMF (Product-Market Fit)

Startup Basics

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

Funding Investment

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

Funding Investment

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

Ai Machine Learning

Prompt engineering is the skill of writing clear, well-structured instructions to get better answers out of an AI model.

QBO (QBO Innovation Hub)

Philippine Ecosystem

QBO is the Philippines' first public-private innovation hub, helping local tech startups get funding, mentorship, and training.

Reasoning Model

AI and Machine Learning

A reasoning model is an AI system that generates extra internal 'thinking' steps before answering, trading speed and cost for better accuracy on hard problems.