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Family Office

A privately held company that manages and invests the wealth of ultra-high net worth families. Usually with tens of millions of pounds available to invest. Can be comprised of the wealth of a single family, or several families together all managed by the same Family Office. Historically private, risk-averse investors, there's increasing interest in investing into early-stage ventures offering higher returns, like start-ups.

Financial Model

The financial projections of a start-up, typically covering the next 3-5 years. A financial model should include at a minimum a P&L, cashflow detail and key balance sheet items - with more advanced financial models having a full P&L, cashflow statement and balance sheet for the whole 3-5 year period.

Friends & Family Round

The first time a founder raises capital outside of their own savings - raising funds from their family and close personal network. Founders may need this funding to get to prototype or MVP stage. Generally, investors in the pre-seed round want to see that founders have raised some cash from their friends and family. Round sizes vary, but usually the first £5-75k will come from here and the Founder's own investment.

The Front-End of a website is the part that users interact with. Everything that you see when you're navigating around the internet, from fonts and colors to dropdown menus and sliders
Front-End Developer
A Front-End Developer is responsible for implementing visual elements that users see and interact with in a web application. They are usually supported by Back-End Eevelopers, who are responsible for server-side application logic and integration of the work Front-End Developers do.
Full Stack Developer
A Full Stack Developer is a web developer or engineer who works with both the front- and back-end of a website or application - meaning they can tackle projects that involve databases and building user-facing websites.