Management Company vs. Fund Entity: What Every LP Should Understand About the Two Entities Collecting Your Money
Most limited partners sign a subscription agreement, wire their capital commitment, and assume they are writing a check to "the fund." That assumption is technically correct — but it misses half the picture. By the time...
May 29, 2026
SPV Investing: How to Structure, Launch, and Profit from a Special Purpose Vehicle
In the spring of 2021, a fintech founder I know closed a $3 million Series A with a single line on her cap table representing 22 individual angel checks. Those angels weren't wealthy enough to write $100,000 tickets on...
May 29, 2026
Rolling Funds: The VC Innovation That Changed Who Raises, But Not Who Wins
Rolling Funds: The VC Innovation That Changed Who Raises, But Not Who Wins TL;DR: Rolling funds—AngelList's quarterly subscription structure launched in 2020—genuinely lowered the barrier for emerging managers to start...
May 29, 2026
Pre-Seed Funding: What It Is, Who Writes the Checks, and What Founders Need to Know
In Q3 2024, the median pre-seed SAFE in the United States raised $275,000 at a $10 million post-money valuation cap , according to Carta's State of Pre-Seed report . That number tells you a lot. Pre-seed is not a small...
May 29, 2026
Seed Rounds Are Getting Bigger. The Odds of Reaching Series A Are Getting Worse.
The median seed round is now $3 million. Five years ago it was $1 million. The graduation rate to Series A has gone in the opposite direction. That is the blunt summary of data published by Crunchbase in May 2026, and...
May 29, 2026
Capchase Raises $200M: The 'Affirm for B2B' Is Rewriting Enterprise Sales Finance
A $1 million software deal sits in a prospect's inbox. The buyer wants it. Their CFO won't approve a seven-figure upfront payment. The vendor loses the deal. That scenario plays out thousands of times every day across...
May 29, 2026
Q1 2026 Venture Funding Hit $300 Billion — But Strip Out Two Deals and the Story Changes Completely
$300 billion in one quarter. Crunchbase confirmed the number on April 1, 2026 , and the headlines that followed were predictably breathless: the strongest quarter for global venture since Q2 2022, a figure that topped...
May 29, 2026
Thea Energy's $100M Bet: Why Serious Investors Are Finally Writing Big Checks for Fusion
Thea Energy's $100M Bet: Why Serious Investors Are Finally Writing Big Checks for Fusion By Jeff Barnes, MBA | Angel Investors Network For six decades, fusion energy has been the punchline of energy investing: always...
May 29, 2026
$60 Billion for a Code Editor: What the SpaceX-Cursor Deal Tells Angel Investors About the AI Coding Land Grab
Sixty billion dollars. For a code editor. Let that sink in for a moment, because it deserves to. Bloomberg first reported on April 21, 2026 that SpaceX has secured an agreement giving it the right to acquire Cursor —...
May 29, 2026
Airbnb Just Backed a Company That Competes With Itself — Here’s Why WeRoad’s $58M Round Makes Sense
Airbnb just led a $58 million Series C into a company that sells multi-day group travel packages — a product category that competes directly with Airbnb’s own accommodation bookings. TechCrunch broke the deal on May 27...
May 29, 2026
How to Launch a 506(b) Fund: A Step-by-Step Guide for First-Time GPs
I tell first-time GPs the same thing: your fund's legal structure is not where you differentiate. Your thesis, your network, your ability to source and win deals — that's where you differentiate. The structure is...
May 29, 2026
Geordie AI's $30M Series A Is Betting That AI Agents Need a Control Layer Before Enterprises Lose Control Entirely
The question enterprises are not asking loudly enough is a simple one: who is watching your AI agents? Not what they produce, but what they access, how they behave, and when they go off-script. As of May 2026, the...
May 29, 2026