The Blog

Pre-money + investment = post-money. It sounds simple, but option pool shuffle, fully diluted share counts, and SAFEs can destroy 5–10% of founder ownership in minutes.

NYC hosts the world's largest PE firms. Blackstone alone manages $1T+; KKR, Apollo, Carlyle, Warburg, General Atlantic add trillions more. Here's the ecosystem.

Pro-rata rights let investors maintain ownership by participating in future rounds. Here's how pro-rata mechanics, super pro-rata, and fund reserves actually work.

PMF is the moment customers pull your product from you faster than you can sell it. Here's how to measure it, using retention, NPS, and the 'Sean Ellis test.'

Secondary transactions let existing shareholders sell shares without a company exit. Here's how tender offers, direct secondaries, and continuation funds actually work.

The complete 2026 guide to startup funding rounds — typical round sizes, valuations, metrics expected, and what each round is really for.