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Field notesSharp, no-fluff thinking on fundraising, valuation and the finance function — written by the partners who run the deals.
Founders obsess over the revenue line. Investors skip to the cash runway, the gross-margin trajectory and the assumptions tab. Here's how to build a model that wins the room before the meeting even starts.
Practical, opinionated and tested on live deals — never recycled thought-leadership.
Why your revenue multiple is really a bet on durability — and the three levers that move it most.
Read articleThe signals that say it's time — and why fractional is usually the smarter first move.
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Competition is the only real lever in a sale. How to manufacture it — ethically — when you start with a single suitor.
Read articleOption pools, pro-rata and the silent cost of a "small" bridge round, explained without the jargon.
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Five pages, every month, that turn nervous investors into your most useful allies.
Read articleThe single metric that flatters bad businesses — and the four numbers you should track instead.
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