Startup & Tech Glossary

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

Runway

Startup Basics

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

Technology

SaaS is software you access and pay for over the internet, usually as a monthly subscription, instead of buying and installing it yourself.

Seed Round

Funding Investment

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.

Series A

Funding Investment

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.

Series B

Funding Investment

A Series B is a later funding round for a startup that's already growing fast and needs bigger money to scale operations.

Series C

Funding Investment

A Series C is a later-stage round for a startup that's already proven its model and is raising to grow even bigger, often before an exit.

Smart Contract

Crypto Web3

A smart contract is a program on a blockchain that automatically carries out an agreement's terms once its conditions are met, with no middleman.

Stablecoin

Crypto Web3

A stablecoin is a cryptocurrency designed to hold a steady value, usually by being pegged one-to-one to a currency like the US dollar.

Tech Stack

Technology

A tech stack is the specific combination of programming languages, frameworks, databases, and tools a company uses to build its product.