House Money
Noun · Startup & VC
Definitions
Capital or gains treated psychologically as easier to risk because they are seen as winnings or surplus rather than hard-earned principal. In startup and venture settings the term often appears in discussions of risk appetite after big wins.
In plain English: Money people feel freer to risk because it feels like extra winnings.
Example: "After the big exit, the angel started investing like it was all house money."