Disrupting disruption with disruptive disruptions since 2010.
A legally separate entity created to hold investments or structure deals, often used to bundle small investors into a single shareholder to simplify cap tables.
The earliest stage of venture funding, where investors give a startup money based primarily on the founding team and a vague idea of what success might look like. It's basically faith-based investing with spreadsheets.
The first major institutional funding round where a startup trades away significant equity for the capital needed to scale, marking the point where things get complicated and lawyers get rich.
A 'Simple Agreement for Future Equity' that lets investors give you money today with the promise of equity later—it's simple until it gets complicated.