Startup stages & company states · Core
Iteration
Also called: product iteration
ELI5
A controlled improvement rather than a full change in direction.
Used in conversation
“This is an iteration, not a pivot.”
Definition
A smaller improvement or test that preserves the core direction while changing execution.
Here “Iteration” means: A smaller improvement or test that preserves the core direction while changing execution.
Pitch context
You will see “Iteration” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches startup stages & company states.
Why it matters: It helps a reader interpret startup stages & company states without confusing the measure, decision, role or evidence being discussed.
Connected terms
Sources & evidence · 5
Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossarySupporting source family · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Exempt OfferingsSupporting source family · primary · checked 2026-08-16
- National Venture Capital Association — Model Legal DocumentsSupporting source family · institutional · checked 2026-08-16
- Y Combinator — Safe financing documentsSupporting source family · practitioner · checked 2026-08-16
- Y Combinator — Series A Term Sheet TemplateSupporting source family · practitioner · checked 2026-08-16