Vol. 01 / Fundraising Intelligence
The architecture of capital, engineered for founders.
A disciplined framework for the transition from initial conviction to institutional scale. Steps, financial mechanics, and the people who write the checks.
Stages
04
Modules
06
Investors
28
Regions
05
PHASE 01
Pre-Seed & Conviction
$250K — $1M
PHASE 02
Seed
$1M — $5M
PHASE 03
Series A
$8M — $20M
PHASE 04
Series B & Beyond
$25M — $100M+
F.01
Pre- vs Post-Money Valuation
The difference between pre- and post-money determines exactly how much you sell — and to whom.
F.02
The SAFE Instrument
Caps, discounts, and MFN clauses shape the dilution you'll feel at the next priced round.
F.03
Dilution Across Rounds
Model 3–4 rounds forward to understand the real cost of every term you negotiate today.
F.04
Term Sheet Essentials
Liquidation preferences, anti-dilution, and board control matter more than headline valuation.
F.05
Cap Table Hygiene
A clean cap table closes rounds faster and protects you in diligence.
F.06
Equity vs Venture Debt
Venture debt extends runway without selling more equity — when your metrics earn it.
Entity
Type
Region
Sequoia Capital
VC
North America · Menlo Park
Andreessen Horowitz
VC
North America · Menlo Park
Benchmark
VC
North America · San Francisco
Founders Fund
VC
North America · San Francisco
Accel
VC
North America · Palo Alto
Index Ventures
VC
Europe · London