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
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
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
Form ADV: The Investment Adviser Document Every Accredited Investor Should Read Before Writing a Check
TL;DR: Before you write a check to any investment adviser, look up their Form ADV on the SEC's IAPD database . It takes 3 minutes. It has saved investors from fraud. What Form ADV Is and Why It Exi...
June 1, 2026
Capital Call Notice: What It Means and What Happens If You Miss One
TL;DR: When you commit capital to a private equity fund, you are not writing a check on day one. You are making a binding legal promise. The GP will call that capital over 3-5 years as deals are ma...
June 1, 2026
TVPI Explained: The Private Equity Metric Every LP Needs to Understand
TL;DR: TVPI (Total Value to Paid-In Capital) measures how many dollars a private equity fund has created for every dollar you invested. A 2.0x TVPI means your capital has doubled in total value , b...
June 1, 2026
Why Your Angel Portfolio Is a Coin Flip (And How to Fix It)
TL;DR: Most angels lose money. Not because they pick bad companies. Because they own too few of them. The Wiltbank and Boeker study commissioned by the Kauffman Foundation , the largest empirical d...
June 1, 2026
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
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
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
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
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