What Is a Pre-IPO Company? (2026)
A pre-IPO company is still private; “pre-IPO” describes a possible path to a public listing, not a guarantee, a stock ticker, or a fixed price. Learn how to read the signals.
investment-strategies
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VC Portfolio Construction: Checks & Reserves (2026)
Venture capital portfolio construction sets the number and size of checks, initial ownership, follow-on reserves, pacing, and concentration a fund can actually support.
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SPV Calculator: Model Fees, Carry, and Net Venture Returns
A practical SPV calculator guide for LPs and GPs: model upfront fees, management fees, carry, holding period, and the difference between gross and net MOIC.
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Shield AI Valuation 2026: $12.7B Series G and $2B Financing
Shield AI's latest mark is $12.7B after a $1.5B Series G and $500M preferred financing. See what it means for funding, stock, and IPO questions.
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Gusto Valuation 2026: $9.3B Tender Offer and $1B Revenue
Gusto's latest disclosed mark is $9.3B after a 2025 employee tender offer. In 2026, actual trailing revenue passed $1B, but Gusto remains private.
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Wrtn’s ~$72M Series C: Korea’s First Consumer AI Service Unicorn
Wrtn Technologies raised about ₩100B (~$72M) Series C at a >₩1T mark — Antler Global returned with Goodwater and new Coreline capital. Character chat and AI entertainment, not another foundation-model lab.