the.com/financial backing
other people's money, betting on your ability to spend it wisely.
means funds provided by an investor, institution, or backer to support a venture, in exchange for equity, interest, or influence.
from from back, to support from behind; the financial sense emerged in 19th-century commerce when merchants needed guarantors to underwrite risky ventures like shipping and railroads.
strings attachedalmost always comes with control, not just cash
oldest formvenice financed trade voyages with shared-risk contracts
silicon valley mythmost startups still fail even with millions backing them
for instance
y combinator — funds startups at seed stage since 2005, tiny stake for cash
medici bank — bankrolled renaissance art and popes across 15th-century florence
softbank vision fund — pumped 100 billion into tech bets starting 2017