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Across 3. A privately-held company’s plan to achieve liquidity or a financial exit for its shareholders. 5. A form of protection for published and unpublished literary, scientific and artistic works that have been fixed in a tangible or material form. 7. High net worth individuals who invest a proportion of their assets in high-risk, high-return entrepreneurial ventures. 8. A term coined by Geoffrey A. Moore in his seminal work on marketing for technology startups. 9. A formal meeting of a company’s board of directors, typically scheduled periodically at a frequency ranging from quarterly to monthly. 11. The inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction. 12. Finding and developing opportunities to create value 13. The rate at which a new company uses its venture capital to finance overhead before generating positive cash flow from operations. 14. The activity of attracting public attention to a product or business, as by paid announcements in the print, broadcast, or electronic media. Not to be confused with marketing or public relations.

Down 1. An attributes of a commodity 2. Finance/accounting term; money. 4. Someone who establishes an organisation. 6. An individual running his or her own business 10. Taking ownership of another business. Frequently used in conjunction with the word merger, as in mergers and acquisitions or M&As. 11. An individual serving on a company’s board.