{"id":946,"date":"2026-04-08T21:49:34","date_gmt":"2026-04-09T00:49:34","guid":{"rendered":"https:\/\/montreal.ventures\/?page_id=946"},"modified":"2026-04-13T22:23:00","modified_gmt":"2026-04-14T01:23:00","slug":"glossario-de-venture-capital","status":"publish","type":"page","link":"https:\/\/montreal.ventures\/en\/glossario-de-venture-capital\/","title":{"rendered":"Venture Capital Glossary"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"946\" class=\"elementor elementor-946\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0a61201 e-flex e-con-boxed e-con e-parent\" data-id=\"0a61201\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dff44e1 elementor-widget__width-auto gradientText elementor-widget elementor-widget-heading\" data-id=\"dff44e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Glossary of<br>\nVenture Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-617ef56 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"617ef56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"text-center mb-20\"><p class=\"text-muted-foreground text-lg max-w-lg text-pretty leading-relaxed\">The essential vocabulary of the startup and investment ecosystem, explained clearly and visually.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58edfdd elementor-widget elementor-widget-shortcode\" data-id=\"58edfdd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">    <form method=\"get\" action=\"https:\/\/montreal.ventures\/en\/\" class=\"glossary-search-form\" data-trp-original-action=\"https:\/\/montreal.ventures\/en\/\">\n        <input type=\"text\" name=\"s\" placeholder=\"Search the glossary...\" value=\"\">\n        <input type=\"hidden\" name=\"post_type\" value=\"glospa-glossary\">\n        <button type=\"submit\">Search<\/button>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    \n    <div class=\"mv-glossary-cards\">\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/benchmark\/\">\r\n                    <img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Benchmark.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/benchmark\/\">Benchmark<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Benchmarking is the process of comparing a company's processes, metrics, and practices against those of industry leaders...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/benchmark\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/burn-rate\/\">\r\n                    <img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Burn-Rate.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/burn-rate\/\">Burn Rate<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Burn rate is a financial metric that measures the speed at which a company consumes its cash capital...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/burn-rate\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cac-customer-acquisition-cost\/\">\r\n                    <img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/CAC-Customer-Acquisition-Cost.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cac-customer-acquisition-cost\/\">Customer Acquisition Cost<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    CAC, or Customer Acquisition Cost, is a metric that indicates the average amount invested to convert a...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cac-customer-acquisition-cost\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cap-table\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Cap-Table.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cap-table\/\">Cap Table<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    A Cap Table is a detailed record, usually organized in a spreadsheet, that outlines a startup's ownership structure. It...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/cap-table\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/churn-rate\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Churn-Rate.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/churn-rate\/\">Churn Rate<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Churn Rate, or Cancellation Rate, measures the percentage of customers or revenue a company loses in...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/churn-rate\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/customer-success-cs\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-768x767.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-1000x999.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Customer-Success-CS.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/customer-success-cs\/\">Customer Success (CS)<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Customer Success, or Sucesso do Cliente, is a proactive, long-term business strategy dedicated to ensuring that...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/customer-success-cs\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/design-thinking\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Design-Thinking.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/design-thinking\/\">Design Thinking<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    User-centered problem-solving methodological approach, organized into divergence and convergence phases.                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/design-thinking\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/due-diligence\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-768x769.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-1000x1001.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Due-Diligence.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/due-diligence\/\">Due Diligence<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Due diligence is the process of in-depth auditing and investigation performed by investors before they formalize the signing of a...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/due-diligence\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/early-stage\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-768x769.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-1000x1001.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Early-Stage.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/early-stage\/\">Early Stage<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Early Stage refers to the initial phase of startup development, generally comprising Pre-seed investment rounds and...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/early-stage\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/equity\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Equity.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/equity\/\">Equity<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Equity represents ownership or the right to own a portion of a company. In the startup world,...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/equity\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/esop-employee-stock-ownership-plan\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/ESOP-Employee-Stock-Ownership-Plan.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/esop-employee-stock-ownership-plan\/\">Employee Stock Ownership Plan<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    ESOP is an incentive plan that grants startup employees the right to purchase...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/esop-employee-stock-ownership-plan\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/exit\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Exit.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/exit\/\">Exit<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    An exit, or sale, is the liquidity event planned by founders and venture capital investors to sell their...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/exit\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/kpi-key-performance-indicator\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/KPI-Key-Performance-Indicator.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/kpi-key-performance-indicator\/\">Key Performance Indicator<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    KPIs, or Key Performance Indicators, are quantifiable measures used to evaluate the success of an organization or a...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/kpi-key-performance-indicator\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/life-time-value-ltv\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-768x769.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-1000x1001.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/LTV-Lifetime-Value.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/life-time-value-ltv\/\">Lifetime Value (LTV)<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    LTV, or Customer Lifetime Value, is a metric that estimates the total revenue (or profit...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/life-time-value-ltv\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/mvp-minimum-viable-product\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-768x767.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-1000x999.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/MVP-Minimum-Viable-Product.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/mvp-minimum-viable-product\/\">MVP (Minimum Viable Product)<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    The Minimum Viable Product, or MVP, is the version of a product that contains only the set of strictly necessary features...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/mvp-minimum-viable-product\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/north-star-metric\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-768x767.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-1000x999.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/North-Star-Metric.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/north-star-metric\/\">North Star Metric<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    The North Star Metric is the key indicator that best expresses the core value a product delivers to its...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/north-star-metric\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/pitch\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Pitch.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/pitch\/\">Pitch<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Pitch is a concise and structured presentation, usually supported by visual aids (Pitch Deck), whose objective is to communicate the...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/pitch\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/runway\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Runway.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/runway\/\">Runway<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Runway is the estimated timeframe a startup has before it runs out of its cash reserves, starting...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/runway\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/storytelling\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-768x767.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-1000x999.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Storytelling.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/storytelling\/\">Storytelling<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Storytelling is the application of logical narrative structures to the communication of corporate information and investment theses. In the sector...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/storytelling\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n            <div class=\"mv-glossary-card\">\r\n                            <a href=\"https:\/\/montreal.ventures\/en\/glossary\/valuation\/\">\r\n                    <img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-300x300.png\" class=\"mv-glossary-thumb wp-post-image\" alt=\"\" srcset=\"https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-300x300.png 300w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-150x150.png 150w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-768x768.png 768w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-12x12.png 12w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-1000x1000.png 1000w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-230x230.png 230w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-350x350.png 350w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation-480x480.png 480w, https:\/\/montreal.ventures\/wp-content\/uploads\/2026\/04\/Valuation.png 1025w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>                <\/a>\r\n                        <div class=\"mv-glossary-card-body\">\r\n                <h3 class=\"mv-glossary-term\">\r\n                    <a href=\"https:\/\/montreal.ventures\/en\/glossary\/valuation\/\">Valuation<\/a>\r\n                <\/h3>\r\n                <p class=\"mv-glossary-excerpt\">\r\n                    Valuation is the technical process of estimating a startup's market value. Unlike established companies, valuation...                <\/p>\r\n                <a href=\"https:\/\/montreal.ventures\/en\/glossary\/valuation\/\" class=\"mv-glossary-link\">\r\n                    View full definition \u2192\r\n                <\/a>\r\n            <\/div>\r\n        <\/div>\r\n        <\/div>\r\n\r\n    <style>\r\n    .mv-glossary-cards { display: grid; grid-template-columns: repeat(auto-fill, minmax(260px, 1fr)); gap: 24px; }\r\n    .mv-glossary-card { background: transparent; border: 1px solid #1b2a3c; border-radius: 8px; overflow: hidden; transition: box-shadow 0.2s; }\r\n    .mv-glossary-card:hover { box-shadow: 0 4px 16px rgba(0,0,0,0.10); }\r\n    .mv-glossary-thumb { width: 100%; height: 160px; object-fit: cover; display: block; }\r\n    .mv-glossary-card-body { padding: 16px; }\r\n    .mv-glossary-term { font-size: 1.1rem; margin: 0 0 8px; }\r\n    .mv-glossary-term a { text-decoration: none; color: inherit; }\r\n    .mv-glossary-excerpt { font-size: 0.9rem; color: #666; margin: 0 0 12px; line-height: 1.5; }\r\n    .mv-glossary-link { font-size: 0.85rem; font-weight: 600; color: #0066cc; text-decoration: none; }\r\n    .mv-glossary-link:hover { text-decoration: underline; }\r\n    <\/style>\r\n    <\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Gloss\u00e1rio de Venture Capital O vocabul\u00e1rio essencial do ecossistema de startups e investimentos, explicado de forma clara e visual.<\/p>","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-946","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/pages\/946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/comments?post=946"}],"version-history":[{"count":73,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/pages\/946\/revisions"}],"predecessor-version":[{"id":1070,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/pages\/946\/revisions\/1070"}],"wp:attachment":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/media?parent=946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}