A great post over on Under the Radar on VC slang:
VC vocab for those of you who are about to venture into, well, venture…and for those of you who could use the refresher:
Star: A portfolio company that generates 5-10x ROI upon exit
Walking Dead/Zombie: A portfolio company that can only generate an ROI, equal to the amount of money invested into it.
Dog: A portfolio company that has no chance of returning any money to its investors.
Kennel Capital: A portfolio of dogs
Dogcatcher: A VC whose portfolio is kennel capital
ArchAngel: A serial Angel investor who has, to date, invested in a number of starts. (See Jeff Clavier)
Blowfish: An early-stage (often pre-revenue) stratup entrepreneur who claims that his company makes better chips than Intel, better software than Microsoft and who knows more about customers and their needs than Dell.
Conservative Estimate: Overly optimistic financial forecasts that inexperienced first-time entrepreneurs generate using Excel.
And our personal favorite…..
Putting Lipstick on a Pig: When an entrepreneur tries to create a positive spin on a negative event (ex. Our management team leaving us at this time affords us an opportunity to retool our entire business focus and go-to-market plans). It can also be used to describe a bad product that is re-launched with new dressed-up front-end or the process in which a VC will over spin a portfolio company’s stort to facilitate a high exit.
Now you can talk like a VC and dress like a VC. (YMMV.)