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News / Blog: #glossary

What is a mentor?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A mentor is a person who assists another in developing their professional skills, ideas, and goals. Mentors are usually experienced professionals who help others realize their potential and achieve their goals. They offer knowledge, insight, and support and help their protégés develop personally and professionally and lead successful lives.
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What is a mentoring program?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A mentoring program is a type of counseling in which an experienced mentor supports an individual or group and guides them in their personal and professional development. It can be an individual or a group that is mentored by the mentor. Mentoring programs can be either one-time or over an extended period of time. The purpose of a mentoring program is to provide a focus on personal growth by having the mentor share ideas and experiences that help the mentee reach their full potential.
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What is a co-founder?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A co-founder is a person who, together with the founder of a company or project, helps shape its development. Co-founders often take on tasks such as start-up and financing, leadership and strategy, product development, marketing and customer support. They often work closely together to make the company or project a success.
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What is an investor?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An investor is a person or company who invests in a business, security, or other investment. They expect the investment to bring them a return, either in the form of profits or through the appreciation of the investment. Investments can be in stocks, bonds, real estate, start-ups, venture capital, currencies, and much more.
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What is the market price?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The market price is the price at which a particular good or service is traded in the free market. It is determined by supply and demand and can change depending on supply and demand. The market price is an important part of price formation and can be considered as an indicator of the value of a product or service.
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