New Phrases
Mental Models – by defmacro
January 9, 2018
These are some mental models I find useful. They’re rooted in decades of experience of thousands of experts – a modern equivalent of folk wisdom. Mental models are useful to quickly and correctly reason about seemingly intractable problems. They require quite a bit of intuition to properly internalize, but once you’ve internalized them they’re relatively […]
Business Dictionary Entrepreneur New Phrases
What is back-of-the-envelope calculation / napkin math means?
April 18, 2017
Napkin Math / back-of-the-envelope calculation
When we say “it was on the back of a napkin,” it means we did it quickly. It wasn’t formal. It makes you imagine the person was eating dinner, suddenly had an idea, and had to write it on the nearest paper, which was a napkin. 🙂 When a tutor uses a fast food premises […]
Business Dictionary Fundamental New Phrases Startup
Impulse Buying
April 18, 2017
Spur of the moment, unplanned decision to buy, made just before a purchase. Research findings suggest that emotions and feelings play a decisive role in purchasing, triggered by seeing the product or upon exposure to a well crafted promotional message. Such purchases ranges from small (chocolate, clothing, magazines) to substantially large (jewelry, vehicle, work of […]
Entrepreneur Fundamental New Phrases Startup
The Tall Poppy Syndrome
April 13, 2017
A perceived tendency to discredit or disparage those who have achieved notable wealth or prominence in public life. The tall poppy syndrome is a culture where people of high status are resented, attacked, cut down or criticised because they have been classified as better than their peers. This is similar to begrudgery, the resentment or envy […]
Committee Fundamental Startup Terms
What is ToR
August 25, 2016
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What is ToR
ToR means Terms of Reference.