Financing Contingency

A group of individuals appointed to oversee the management, day-to-day running and direction of a company.

An agreement for future equity, allowing investors to invest in a company now and receive shares in a future funding round.

Economies of scale is a term used to describe situations when the cost of producing a single unit of product decreases when the total number of units produced increases. There are two sets of costs associated with the production of goods: fixed costs and variable costs.