How Does the Berkus Method Value a Pre-Revenue Startup — and When Should You Ignore It?
Looking for how the Berkus method works? Score five risk reductions with indicative caps, see a worked example, and know when traction comps beat Berkus.
Venture capital has its own vocabulary, incentives, and mechanics. Our VC explainers break down complex topics — from liquidation preferences to fund economics — so founders and analysts can make better decisions without wading through jargon.
Start with the explainers below to build a stronger foundation in venture capital.
Looking for how the Berkus method works? Score five risk reductions with indicative caps, see a worked example, and know when traction comps beat Berkus.
Venture capital is risk equity for high-growth startups. Here's how VC funds work — stages, economics, and why it matters for founders, LPs, and markets.
TAM, SAM, and SOM — total, serviceable, and obtainable market — define market size for VC diligence. Here's how to compute each without hand-waving.
Private equity and venture capital firms solve different capital problems: PE buys control of mature companies, while VC funds early-stage growth. Compare stage, ownership, leverage, returns, and who to pitch.
Understanding IRR, MOIC, DPI, and TVPI is essential for anyone working with VC funds. Here's what each actually measures and why DPI dominates LP conversations in 2026.
Growth equity backs mature, revenue-generating companies with minority stakes and lower risk than VC. Here's who the top firms are and when to consider them.