$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
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
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
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
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
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
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
Continuation Funds: How PE Managers Restart the Fee Clock on Their Best Assets
Continuation Funds: How PE Managers Restart the Fee Clock on Their Best Assets GP-led secondaries hit $71 billion in 2024 — a 39% jump from the prior year , according to Evercore's Full-Year 2024 S...
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