Across
- 7. Ease of converting equity to cash
- 8. Use of debt to amplify returns
- 9. Monthly net cash depletion
- 10. Equity loss after new issuance
- 11. Gradual principal repayment schedule
- 13. Months until insolvency at current burn
- 14. Earnings proxy before capital structure
- 15. Strategic model shift to survive
Down
- 1. Stage before first dollar earned
- 2. Ledger of ownership stakes
- 3. Self-funded without outside capital
- 4. Funds held pending conditions
- 5. Implied worth before liquidity
- 6. Earliest priced capital raise
- 12. Lender’s binding financial restriction