The Blog

A term sheet is a non-binding document outlining the key terms of a proposed VC investment. Here's every section that matters and which terms to negotiate first.

Syndicates let angels pool capital into a single investment vehicle. Here's how SPVs work, who leads syndicates, and what founders should watch.

Venture debt is non-dilutive capital on top of a priced equity round. Here's how term sheets, warrants, covenants, and drawdown mechanics actually work.

An angel investor is an individual who invests personal capital in early-stage companies. Here's how to find, vet, and negotiate with them.

Vesting defines when you actually own your equity. Here's how 4-year schedules, 1-year cliffs, single/double-trigger acceleration, and early exercise work.

A unicorn is a private company valued at $1B+. Decacorns sit above $10B; hectacorns above $100B. Here's the 2026 landscape and why the labels can mislead.