: Involved raising capital through debt or equity. This was a critical metric for 1990s startups that relied on venture capital and IPOs to survive before reaching profitability.
: In datasets like Compustat, variables such as cash_flow_1995 allow researchers to track how specific industries, particularly technology and telecommunications, transitioned from cash-burning startups to cash-generating giants. Analyzing the Mechanics cash_flow_1995
Cash flow in 1995 was typically categorized into three distinct streams: : Involved raising capital through debt or equity