Startup Glossary: Letter "B"

The Board of Directors is an elected body of individuals that represents the interests of shareholders, oversees the executive team, and votes on major corporate decisions.

Bootstrapping is the practice of building and growing a startup using only personal savings and initial sales revenue, without raising external venture capital.

A Bridge Round is a temporary funding round raised by a startup to extend its runway until it raises a larger institutional round.

Burn Multiple is a metric that evaluates a startup's efficiency by comparing its net burn rate to its net new ARR generation.

Burn Rate is the rate at which a startup spends its cash reserves, typically measured on a monthly basis.