Funding Terms Made Simple

Bootstrapping Term

Bootstrapping

Bootstrapping is the use of founder financial resources, clever techniques and reinvested profits to supply a young or growing company with needed cash without turning to Other People’s Money. For more details see...

Bootstrapping Term

Mentor

In the business context a mentor is a particular type of trusted business advisor, very often whose counsel and advice is freely given. Many entrepreneurs find mentors and use them for multiple purposes. Sometimes...

Financial Term

Current

In accounting, something that is current can be turned into cash within one year (“current assets”), or needs to be paid within one year (“current liabilities”). The use of the one year period is...

Debt Term

Credit history

Because of the importance of credit in the economy, in many countries there are companies that collect credit related transaction information about individuals, businesses or both. The accumulated series of these...

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