Founder profiles, fundraising, and the inside life of small companies. Term sheets, deal flow, and the partner meetings that almost happened.
Venture · Deal Flow
Anthropic's $65B Series H marks a high-water mark for late-stage AI funding, blurring private and public markets and forcing Series A founders to compete where $100M rounds are the new minimum.
Startups · Venture Capital
With Anthropic warning investors off unauthorized share platforms and Polymarket letting retail traders bet on private startups, venture capital's traditional IPO exit path is fracturing from the outside in.
Kraken's co-CEO arrangement as it approaches an IPO, alongside the Ethereum Foundation's recent turmoil, underscores a broader startup movement to prevent co-founder relationships from imploding through shared leadership.
As secondary trading volumes hit records, Anthropic clamps down on unauthorized platforms and SpaceX's mega-IPO looms, tokenization and new infrastructure are reshaping private share liquidity faster than regulations can keep up.
Startups · Founder Profiles
Repeat founders raise money faster, exit higher, and get the benefit of every doubt, but new Crunchbase data reveals who the system shuts out amid record AI funding.
Startups · Venture Capital
As Anthropic rushes from a $65 billion Series H to an S-1 filing in just four days, the AI fundraising window is shrinking faster than investors anticipated, signaling a new pre-IPO race.
Startups · Venture Capital
The ILPA releases guidance to shift fund formation legal costs away from limited partners, while Robinhood mints 150,000 retail LPs and solo GPs keep closing term sheets, rewriting the venture fund cycle in 2026.
Startups · Governance
Crypto exchange Kraken spent two years building a co-CEO leadership structure designed to prevent the kind of founder conflict that recently landed OpenAI in court, offering a roadmap for other startups.
Startups · Fund Formation
Retail investors, 401(k) reforms, and a coming IPO wave are redrawing the venture capital LP base, pushing traditional backers like endowments to share the cap table with day traders and retirement savers.
From the steroid-soaked spectacle of the Enhanced Games to an AI tribunal for billionaires, this breed of serial entrepreneur treats every startup as a warm-up, with the Las Vegas event just closing its books as its founders already left.
Startups · Venture Capital
A $32 million seed-and-Series-A combo for agent infrastructure and a $950 million growth round for an AI customer-experience platform are fueling a 2026 deal-flow conveyor belt that is running faster and hotter than any moment since 2021.
Startups · Venture Capital
PitchBook's Q1 2026 report shows venture capital's consolidation into fewer AI deals is rewriting the rules of founder-investor negotiations.
Startups · Fund Formation
Robinhood's publicly traded venture fund now holds OpenAI shares, and AngelList's regulated VC fund accepts a $500 minimum, together tapping billions from retail investors who have never encountered a capital call.
Startups · Venture Capital
As traditional limited partners retreat, banks and retail vehicles surge into venture capital, while the AI megacycle concentrates capital at the top, driving the most consequential realignment of the fund-raising model in a generation.
Startups · Founder Profiles
After scaling micromobility unicorn Voi, Fredrik Hjelm and co-founders launch Pit, an AI-native enterprise platform securing $16M from Andreessen Horowitz, illustrating the venture premium on repeat founders.
Startups · Venture Capital
AngelList's $500-minimum fund, Robinhood's NYSE-listed VC vehicle, and Restive's bank-backed Fund III closure signal a structural rewiring of the venture capital LP base that will reverberate through every cap table.
Startups · Venture Capital
Though a record $242 billion in AI venture funding in Q1 2026 suggests founders have the leverage, the complex deal structures being negotiated reveal a more nuanced battle for boardroom control as valuations soar past $900 billion.
Startups · Venture Capital
From SiFive's $3.65 billion chip-design round to Anthropic's massive shadow funding, late-stage AI and infrastructure deals concentrate capital among hedge funds and strategic giants, leaving less room for early-stage backers.
From a photographer's kitchen in Antarctica to a San Francisco startup office, the real startup culture experiment isn't about where people sit but who gets to decide when and where they work.
Startups · Venture Capital
As venture fundraising fell 35% in 2025 and institutional money crowded into top-tier firms, emerging managers were forced to rewrite the fund-formation playbook.
Venture · AI Infrastructure
April's $56 billion venture haul masks a deepening split, as AI and infrastructure companies like Integrant race from Series A to pre-IPO in under a year, leaving later funds and loose pitches crowded out by structural risk.
Startups · Operating Cadence
Operating cadence, from weekly standups to quarterly board decks and unspoken agreements, keeps small teams of 10 to 60 aligned even when founders stop showing up.
Startups · Venture Capital
From participation caps to compounding liquidation preferences, term sheets are growing teeth again as the era of founder-friendly money recedes.
Startups · Operating Cadence
Keel’s radical operating cadence of a single weekly 45-minute all-hands meeting cut churn over 18 months, but the resulting quiet now reveals fissures in team alignment.
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