runway fumes

Intermediate 🚀 Startup / VC

Definition

The terrifying state of having mere weeks of cash remaining, when every expense is scrutinized and founders start drafting layoff announcements. The financial equivalent of flying on empty while the engine sputters.

Example Usage

We were running on runway fumes when the term sheet arrived—another week and we'd have been planning the shutdown party.

Origin

Aviation metaphor extended from 'runway' (cash remaining) in startup contexts

Fun Fact

Startups on runway fumes often make desperate moves like layoffs, down rounds, or bridge loans that permanently damage the company's long-term prospects.

Source: Startup financial management slang

Related Terms

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