Capital & Fundraising

This framework shows how to reevaluate your valuation, understand your efficiency through burn multiples, and scenario plan. Plus: original benchmark data.

Frameworks for understanding all the dynamics, including the effect of “kingmaking” and the difference between "selling your company" and "getting acquired."

The next generation of private market exchanges will begin as investor relations software.

Smart equity management strategies for employees with RSUs or stock options, a future-forward vision for companies, and a wish-list for builders.

From traditional paths (IPO, M&A) to alternatives (SPACs, DLs, secondary sales), here are the implications for valuation, dilution, liquidity, and more.

Are direct listings working? What do the data tell us (albeit from a very limited sample)? And what have we learned so far when it comes to direct listings?

Instead of trying to eradicate speculative manias, we should channel investors’ innate affinity for speculation into productive ventures.

Given the emergence of new forms of unpredictability, mathematical indicators that can isolate breakouts and trend shifts are crucial.

To understand why the popular narrative around IPOs is wrong, you have to take apart the IPO process, how stock markets work, and what the “price” of a stock means.

While entry multiples are an input for valuing mature companies, in the high growth tech market, multiples are a byproduct of the valuation process. Investors really want to understand possible exit values.