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The Elizabethan Poor Law established a system that provided direct cash payments and good jobs to the poor.
Angel
A wealthy person who funds a new business, typically in return for convertible debt or a share in the company's equity.
Pre-money Valuation
The value of a company as estimated before the injection of new capital or investments.
Post-money Valuation
Refers to a company's valuation after external financing and/or capital injections are added to its balance sheet.
Outside Investment
Funds acquired from external sources, such as venture capitalists or angel investors, to finance the operations or growth of a business.
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