What Is an SPV? A Practical Guide to Special Purpose Vehicles for Angel Investors
An SPV is a Delaware LLC created for one deal only — to hold equity in a single startup. The pitch: clean deal access with expert due diligence. The catch: the median SPV returns exactly 1x after
June 3, 2026
SAFE vs. Convertible Note: The Investor's Playbook
Founders love SAFEs. You should think twice. Y Combinator's Simple Agreement for Future Equity dominates early-stage rounds because it's fast, cheap, and founder-friendly. But SAFEs strip away
June 3, 2026
Mach Industries $300M Series C: Production Over Prototypes in Defense Tech
Mach Industries raised $300 million in Series C at a $1.8 billion valuation—a 3.8x jump in 12 months. The company is run by 22-year-old Thiel Fellow Ethan Thornton. It makes jet-powered loitering
June 3, 2026
Fund of Funds for Accredited Investors: What the Fee Math Really Says
According to Harris, Jenkinson, Kaplan and Stucke (2018) , A fund of funds (FoF) is a pooled investment vehicle that buys shares in other funds rather than individual companies. You pay two layers of
June 3, 2026
Q1 2026 Venture Funding Broke Records. Here's What Accredited Investors Should Do With That Data.
Per Crunchbase's Q1 2026 global funding report , venture capital hit $300 billion in a single quarter, shattering every historical record. Four AI companies absorbed $188 billion of that, or 65 cents
June 3, 2026
Common Stock vs. Preferred Stock: Why Liquidation Preference Is Your Only Real Protection
In 2005, Trados received a $60 million acquisition offer. Per Delaware Court of Chancery ruling In re Trados Inc. Shareholder Litigation , preferred stockholders received $52.2 million. Common
June 3, 2026
Tom Mueller and Impulse Space: Why a $4.26B Valuation Matters for Defense-Tech Investors
Impulse Space raised $500M at a $4.26B valuation on June 2, 2026 per Source . That's a 2.4x jump from the $1.8B implied Series C valuation in under 13 months. Tom Mueller (SpaceX's first employee,
June 3, 2026
Convertible Note Explained: How Startups Borrow Their Way to a Valuation
According to Y Combinator's published financing documents , A convertible note is debt that becomes equity in a future priced round. Startups borrow now and postpone valuation questions. Before Uber
June 3, 2026
Brighton Park Capital: The $4.5B Growth Equity Firm Reshaping Enterprise Software
Per SEC Form ADV (CRD 304261) , Brighton Park Capital manages $4.5B in regulatory assets under management. The Greenwich-based growth equity firm operates a concentrated strategy: two flagship funds
June 3, 2026
Gaingels: The LGBTQ+ Venture Syndicate That Deployed $1 Billion Across 2,400 Companies
Quick Facts: Gaingels has deployed more than $1 billion across 2,400+ portfolio companies since 2014, with 70+ unicorns in its book including Databricks, Brex, Carta, and WHOOP. In May 2026, the
June 2, 2026
Wefunder 2026 Review: $983 Million Raised, a $1.4 Million FINRA Fine, and What Returns Actually Look Like
TL;DR: Wefunder has raised $983 million for more than 2,200 startups and holds the #1 spot in U.S. Regulation Crowdfunding by dollar volume. The platform commands roughly 33% of all Reg CF capital
June 2, 2026
DPI: The Only Private Equity Metric That Shows You Real Cash
Quick take: Private equity distributions as a share of NAV collapsed from 29% in 2021 to just 9% in the first half of 2024 -- the lowest level in over a decade, according to Goldman Sachs Asset
June 2, 2026