Money that a person or company raises from within to begin or expand operations. Internal funds often form a company's
seed money; that is, one may start a company with one's own
funding rather than with a
loan or an
IPO. There is a famous story that Ross Perot established Electronic Data Systems with $1,000 in personal
savings; in this case, Perot's
savings account contained internal funds. See also:
Bootstrap,
External funds.