runway
n.— «If you don’t have a recent VC round of cash, you probably won’t qualify for the extra boost, since lenders minimize risk by lending only to highly liquid clients. Julich says RBC Centura often looks for cash deposits equivalent to more than nine months of operating expenses. Cash like that constitutes a “long runway” in venture parlance. The hope, of course, is that the business is off and flying before the money runs out.» —“Bonus Round” by David Worrell Entrepreneur.com July, 2003. (source: Double-Tongued Dictionary)
Further reading
Unwrap the name of a candy bar, and you just might find a story inside. For instance, one chewy treat found in many a checkout lane is named after a family’s beloved horse. And: 50 years ago in the United States, some Latino elementary...
“What has a head like a cat, feet like a cat, a tail like a cat, but isn’t a cat?” Answer: a kitten! A 1948 children’s joke book has lots of these to share with kids. Plus: an easy explanation for the difference between...