Chris Kernaghan

Owner of We Are Founders, UX designer, husband, and dad. Got something you want to share with us? Reach out at hello@wearefounders.uk.

Belfast, United Kingdom

413 Articles

Glossary

SaaS (Software as a Service)

Software delivered over the internet on a subscription basis

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

SAFE Note

A simple agreement for future equity, not a debt instrument

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Seed Round

The first significant structured funding to build the initial team

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

SEIS (Seed Enterprise Investment Scheme)

UK tax scheme offering investors 50% tax relief on seed investment

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Series A

The first major VC round for proven products ready to scale

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Tag-Along Rights

A minority shareholder's right to join a founder's stock sale

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

TAM, SAM, SOM

A framework for sizing market opportunity: Total, Serviceable, Obtainable

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Term Sheet

A non-binding summary of the main financial and legal deal terms

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Unicorn

A privately held startup valued at $1 billion or more

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Valuation Cap

A ceiling on valuation for converting early investor's notes

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Vesting Cliff

A period where equity is earned only after a specific milestone

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Vesting Schedule

The timeline and process for earning full ownership of equity

By Chris Kernaghan Nov 24, 2025 1 min read