grubstaking

Backing a miner

Grubstaking is financing a prospector or entrepreneur in exchange for a share of any profits.

The term comes from mining—a grubstaker provided "grub" (food) and supplies to someone searching for gold or minerals, with both parties splitting whatever was found.

The practice extends to any speculative venture where one party funds another's efforts: He grubstaked several tech startups in the nineties.

prospecting

goldrush

Mass migration seeking precious metal

  • miningExtracting earth's resources
  • prospectorOne seeking valuable deposits
  • claimStatement of ownership or truth

panning · placer · nuggets · lode · ore · sluice · dredging · assay · excavation · geology

patronage

sponsor

Funder of activities

aid · assistance · provision · contribution · enabler · underwriter · advancement · opportunity · faith · trust

investment

backer

Financial supporter

  • financierManager of substantial funds
  • equityImpartial treatment or ownership value
  • capitalWealth used for investment

funding · returns · percentage · share · profit-sharing · risk · speculator · silent partner · outfitting · provisions

Opposites
financial arrangement type

grubstakingsecured loan

Borrowing with pledged collateral

loan repayment · debt financing · usury · conventional loan · bank loan

support vs. exploitation

grubstakingclaim jumping

Seizing another's staked territory

swindling · defrauding · fleecing · exploiting · profiteering

backing vs. abandonment

grubstakingabandoning

Leaving permanently behind

defunding · divesting · forsaking · disinvestment · deserting

Family

grubstake, grubstaker, grub, grubs, grubbed, grubbing, grubby, grubbier, grubbiest

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Mostly American · Timeless · Rated G