Thrive Capital: How Josh Kushner Grew $5M into a $50B Venture Empire
TL;DR: Josh Kushner's Thrive Capital now manages approximately $50 billion in assets across ten funds, growing from a $5 million seed check in 2009 to one of the most closely watched venture firms ...
June 1, 2026
Delaware C Corp: Why Startups Choose It and What Angel Investors Expect
TL;DR: 81.4% of 2024 U.S. IPOs incorporated in Delaware . That number is not random. It reflects a hard requirement buried inside every institutional term sheet: preferred stock, liquidation prefer...
June 1, 2026
AngelList Explained: How the Platform Works for Investors, Founders, and Fund Managers (2026)
TL;DR: AngelList manages $170B+ in assets on platform and has helped fund more than 101 unicorn companies since 2010. It is now the dominant back-office infrastructure for early-stage venture capit...
June 1, 2026
VC Funding Q1 2026: Record $330.9B, 80% AI, and What the Numbers Don't Show
TL;DR: Global VC hit a record $330.9B in Q1 2026, per KPMG's Venture Pulse report . AI absorbed 80% of that capital. The headline is real. But the story underneath it is not what most founders and ...
June 1, 2026
Where $2 Trillion Is Flowing: The Private Credit Market in 2025 and What It Means for Your Portfolio
Where $2 Trillion Is Flowing: The Private Credit Market in 2025 and What It Means for Your Portfolio TL;DR: Private credit crossed $2.1 trillion in AUM for the first time in 2024, and the Cliffwater…
May 31, 2026
The SEC Just Proposed Cutting Private Fund Reporting — Here's the Part They're Not Highlighting
The SEC Just Proposed Cutting Private Fund Reporting — Here's the Part They're Not Highlighting TL;DR: On April 20, 2026, the SEC and CFTC jointly proposed rolling back Form PF — the main private…
May 31, 2026
MOIC Explained: Multiple on Invested Capital and Why the Number You See Is Probably Inflated
MOIC Explained: Multiple on Invested Capital and Why the Number You See Is Probably Inflated TL;DR: The gross MOIC a GP quotes in a pitch deck is not the net MOIC you receive as an LP. Standard…
May 31, 2026
Advisory Shares: What Startups Pay Advisors Instead of Cash — and What to Watch For
Advisory Shares: What Startups Pay Advisors Instead of Cash — and What to Watch For TL;DR: Carta's H1 2024 benchmarking data shows the median advisory equity grant at pre-seed is 0.21% of fully…
May 31, 2026
L Catterton: Inside the $37 Billion Firm That Bets Big on Luxury Consumers — and Sometimes Loses
L Catterton: Inside the $37 Billion Firm That Bets Big on Luxury Consumers — and Sometimes Loses TL;DR: L Catterton closed an $11 billion fundraising cycle in May 2025 — its largest ever. The…
May 31, 2026
Cognition AI Raises $1 Billion at $26 Billion: What the Valuation Math Actually Tells You
Cognition AI Raises $1 Billion at $26 Billion: What the Valuation Math Actually Tells You TL;DR: Cognition AI just closed a $1 billion Series D at a $26 billion post-money valuation. That is 53 times…
May 31, 2026
TVPI Explained: What Total Value to Paid-In Capital Tells You About a Private Fund
TVPI Explained: What Total Value to Paid-In Capital Tells You About a Private Fund TLDR: CalPERS's disclosed fund data shows private equity TVPI ranging from 0.3x (near-total loss) to 4.2x within the…
May 31, 2026
Afore Capital: The Pre-Seed Fund Backing Founders Before Anyone Else Writes a Check
Afore Capital: The Pre-Seed Fund Backing Founders Before Anyone Else Writes a Check TL;DR: Afore Capital closed its fourth fund at $185M in February 2025, pushing total AUM to $500M. Every dollar…
May 31, 2026