$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
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
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
Anthropic's $65B Series H: What a $965 Billion Valuation Tells Angel Investors About the AI Race
On May 28, 2026, Anthropic announced a $65 billion Series H at a $965 billion post-money valuation , making it the most valuable private AI company on Earth. That number surpasses OpenAI's $852 billion mark set just...
May 29, 2026
The Regulation D Offering: A Practical Guide for Founders and Fund Managers
A $3 million seed round closed last quarter by a San Francisco B2B SaaS company. No investment bank. No registered public offering. No SEC registration statement filed months in advance. Just a well-structured...
May 29, 2026
TVPI Explained: What Total Value to Paid-In Capital Actually Tells You About a Fund
TVPI Explained: What Total Value to Paid-In Capital Actually Tells You About a Fund According to the CalPERS Private Equity Program Fund Performance Review (as of September 30, 2025) , the pension'...
May 29, 2026
Yieldstreet Is Now Willow Wealth. Here's What Happened to $208 Million in Investor Capital.
Yieldstreet Is Now Willow Wealth. Here's What Happened to $208 Million in Investor Capital. CNBC's three-part investigation, completed December 5, 2025 , confirmed that Yieldstreet investors lost a...
May 29, 2026
Fund of Funds: How the Double-Fee Structure Works and When It Makes Sense
Fund of Funds: How the Double-Fee Structure Works and When It Makes Sense A fund of funds (FoF) pools your capital and deploys it across 20 to 30 underlying private equity or venture capital funds....
May 29, 2026
506(b) vs 506(c): The Two Paths to Raising Capital Under Regulation D
506(b) vs 506(c): The Two Paths to Raising Capital Under Regulation D TL;DR: Private placements under Regulation D raised $2.148 trillion in 2024 alone, dwarfing Regulation A and Regulation Crowdfu...
May 29, 2026
Real Estate Syndication vs. REIT: The Decision Framework Accredited Investors Actually Need
Real Estate Syndication vs. REIT: The Decision Framework Accredited Investors Actually Need TL;DR: A CEM Benchmarking study covering 462 pension plans, $3.8 trillion in assets, and 26 years of net ...
May 29, 2026
Private Credit Hits $2 Trillion: What Accredited Investors Need to Know Before Jumping In
Private Credit Hits $2 Trillion: What Accredited Investors Need to Know Before Jumping In TL/DR: Private credit is a $2 trillion market that now rivals the entire U.S. high-yield bond market in siz...
May 29, 2026
Advisory Shares Explained: What Founders Give Up and What Advisors Actually Earn
Advisory Shares Explained: What Founders Give Up and What Advisors Actually Earn TL;DR: According to Carta's 2024 Annual Equity Report , the median advisory equity grant at pre-seed stage was 0.21%...
May 29, 2026