This startup law glossary isn’t meant to be memorized. It’s here for real moments—when you’re in a fundraising conversation, a board meeting, or a negotiation and want to sanity‑check what you’re hearing.
Some of these terms show up directly in documents. A lot of them don’t. But all of them come up in practice—on diligence calls, in investor feedback, and in the off‑hand comments that end up shaping real decisions. Use this startup law glossary to get clear on language, incentives, and what people usually mean (or don’t mean) when they use these terms.
Most importantly, don’t treat these definitions as rules. Context matters. Leverage matters. Timing matters. This startup law glossary is meant to help you understand how startup deals actually work in the real world—not just how they’re supposed to work on paper.
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-A-
Amended and Restated Certificate of Incorporation
-B-
Black-Scholes Option Pricing Model
-C-
Commercially Reasonable Efforts
-D-
Delaware General Corporation Law
Directors’ and Officers’ (D&O) Insurance
-E-
Entrepreneur in Residence (EIR)
-F-
Financial Accounting Standards Board
-G-
-H-
-I-
Investment Company Act of 1940
-J-
-K-
-L-
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
-M-
Material Adverse Change Clause
Mergers and Acquisitions (M&A)
-N-
National Venture Capital Association
Non-Qualified Stock Option (NSO)
-O-
-P-
Private Investment in Public Equities
-Q-
Qualified Small Business Stock (QSBS)
-R-
Representations and Warranties
Restricted Stock Purchase Agreement
Right of First Refusal and Co-Sale Agreement
-S-
Securities and Exchange Commission (SEC)
Securities Exchange Act of 1934
Small Business Innovation Research Program
Small Business Investment Company
Special Purpose Acquisition Company
-T-
-U-
Unrelated Business Taxable Income
-V-
Venture Capital Limited Partnership
-W-
Weighted Average Anti-Dilution








