The SPV Fraud Wave Should Scare You More Than the Headlines Do
On August 10, 2026, the SEC sued Adit Ventures Management, founder Eric Munson, and three affiliated general partners, alleging the firm told an investor it already owned 32,000 shares of Klarna stock
SPV Waterfalls and Carry, Explained: What to Check Before You Wire Money
On August 10, 2026, the SEC sued New York investment adviser Adit Ventures Management, its CEO Eric Munson, and three affiliated general partners, alleging the firm sold client funds pre-IPO shares it
Form C-AR Explained: The Annual Report Reg CF Investors Should Demand
TL;DR: Form C-AR is the annual report Regulation Crowdfunding issuers owe you after you wire money into their raise, and most of them never file it. Kingscrowd's June 2, 2026 analysis found that...
Fireworks AI Just Raised $1.5B at a $17.5B Valuation, and Nvidia Keeps Funding Its Own Customer
TL;DR: Fireworks AI, a San Mateo startup that helps developers train and run custom AI models instead of renting them from big labs, raised $1.5 billion in a Series D at a $17.5 billion valuation, according to...
Blue Origin's $10B Round Is Closed to You — Here's the Real Access Gap for Accredited Investors
Blue Origin is closing its first-ever outside funding round: $10 billion at a $130 billion pre-money valuation, according to reporting from Ars Technica on the deal . Coatue Management is leading
SPV Investing Explained: How Special Purpose Vehicles Are Reshaping Angel Deals
The mechanics of angel investing have undergone a quiet revolution over the past decade, and much of it has been driven by a single structural innovation: the special purpose vehicle. SPVs have fundamentally changed who can participate in angel deals, how capital is aggregated, and how startups mana