The situation in a sub-critical mass business with no potential to reach critical mass. So-called because the managing director ends up running around getting nowhere but frustrated.
Hands-on, hands-off
Adjective applied to investors to indicate their investment approach. A pro-active, hands-on investor might typically put a director on the board and seek to influence the timing of an exit. A hands-off investor leaves the management to get on with running their business.
High-tech
Operating at a threshold of new technological development. The two most active high-tech sectors are life sciences and information technology.
Hockey stick
The shape of a typical graph of a successful business and an optimistic business plan. The graph dips to begin with, indicating that the company's expenditure is higher than its income, but soon heads "northwards" as the company establishes a profitable, growing trade.
