I have an additional example / argument for why I lump this under Capital, but I think I’ll save it for the next members-only post. It requires me to tell a personal business story that I’m not 100% sure I want to be public yet.
I’ll be curious to see if you agree with it.
The short summary is that if you have a guaranteed buyer of your goods, you can start to treat the earnings from that source as a form of funding.