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
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