For the Yaba tech bros and sisters: startup jargon, founders, funding rounds, unicorns and the deals that put Nigerian tech on the map.
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ARR is recurring revenue tracked yearly, excluding one-time fees like setup or hardware.
MRR is the monthly version of recurring revenue; multiply it by 12 and you get a rough ARR.
An MVP has just enough features for early customers to use and give feedback.
KPIs measure how well a team, project or company is hitting its defined objectives.
A user interface connects a computer to a person; an API connects software to software.
SaaS apps are accessed online while the provider manages the servers and software.
