Founder & Investor Guides
Ten evergreen guides on how equity, fundraising instruments, and deal terms actually work, written for founders and investors who want the mechanics, not the jargon. No gated content, no invented statistics, just the plumbing behind the deal.
What triggers a SAFE's conversion, how the valuation cap and discount set the price, and what founders should model before signing another one.
Read the guide → 02 · Deal TermsLiquidation preference, board control, protective provisions, and anti-dilution often decide more than a few points of valuation ever will.
Read the guide → 03 · Equity & CompensationCliffs, monthly vesting, exercise windows, and exactly what happens to vested and unvested options if you leave a startup early.
Read the guide → 04 · Fundraising MechanicsWhat changes in speed, governance, cap table complexity, and valuation certainty between raising on a SAFE and a fully priced round.
Read the guide → 05 · Investor ProcessLegal cleanliness, the real cap table, financial accuracy, team dynamics, and how founders can prepare a process that builds trust.
Read the guide → 06 · Cap Table MechanicsHow anti-dilution provisions, underwater options, and stacked liquidation preferences actually play out when a round prices lower.
Read the guide → 07 · Fundraising MechanicsInterest, maturity dates, default risk, and balance sheet treatment: how each instrument actually behaves when growth is slower than planned.
Read the guide → 08 · Investor ProcessThe real checklist: corporate documents, cap table, financials, IP, contracts, and team materials investors expect to see, and how to organize it.
Read the guide → 09 · Cap Table MechanicsWhy dilution is a percentage of a percentage, how option pool top-ups add hidden cost, and how to actually track fully diluted ownership.
Read the guide → 10 · Deal TermsWhat "1x non-participating" really means, how participating and multiple preferences differ, and why this term outweighs valuation in many exits.
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