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

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.

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.

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.

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

LPs are the investors in VC funds. Understanding who they are, how they allocate, and what they want is critical for GPs, founders, and anyone building in venture.