runway

Vocabulary Word

Definition

The term 'runway' carries two common meanings. First, it's a solid stretch where planes take off and land. Also, in fashion, the 'runway' is a catwalk for models to showcase outfits.

Examples in Different Contexts

In startup financing, 'runway' refers to the amount of time a startup can continue to operate before it needs to generate a profit or secure additional funding. A startup CEO might discuss, 'Our current funding gives us a 12-month runway to hit our next set of milestones.'

Practice Scenarios

Fashion

Scenario:

The collection scheduled for tomorrow's show should create quite a stir. It's absolutely brilliant.

Response:

Yes, The collection is quite dramatic. I anticipate it will dazzle on the runway.

Business

Scenario:

Gentlemen, we need to think carefully about our next steps. Our burn rate is way too high.

Response:

So, how long is our current runway? Do we need to reconsider our investment approach?