Zombie
A Zombie is a venture-backed company that is nearly terminated, or basically “walking dead.” Usually the company is maintaining just enough cash flow to keep the doors open while an acquirer is sought. It’s not uncommon for investors to pitch in a little more money so that the company can seek a sale and the investors can try to recover most or all of their original investment.
Example:
The startup has become a zombie, with just enough cash coming in to keep the lights on while they look for a buyer.