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It’s a promise when company decides to pay salary to employees for a longtime (no. of years) without considering the time of termination.
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Other resources
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Creative Ideas to Raise Seed Money
To go beyond a business concept, market research, and product or concept development to reach the point of generating sales, an entrepreneur must be creative in the financing methods considered.
Read more: Seed money
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Venture Capital Investing by Business Stage
Venture capital firms are differentiated based on the focus of their investments. Typical criteria include industry and geographic preferences, deal size and stage of business development. Venture capital firms typically define stage of business development by the intended use of the funds provided
Read more: Venture Capital
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