Liquidation Preferences Explained (With Exit Waterfall Tables)
One cap table, four sets of terms and five exit values, so you can see who gets paid what. A…
How Much Equity to Give Investors in Each Round (2026 Data)
Per-round medians from Carta, PitchBook-NVCA and Equidam's own pre-seed data, what founders…
Down Rounds in 2026: Data, Anti-Dilution Examples and Alternatives
A down round is a financing priced below the previous round. In Q2 2026, 12.1% of the venture deals…
Dilution: What It Is and How to Calculate It (4 Worked Examples)
Dilution is the fall in your ownership percentage when a company issues new shares. Your share…
How to value a startup with subsidiaries and SPVs
When your business runs through joint ventures and project finance, the usual startup-valuation…
How Much to Raise: The Competitive Angle Most Founders Miss
Every founder preparing to raise asks the same question: how much should I raise? The standard…
Pre-Seed Startup Funding Probability: What Are Your Real Chances of Getting Funded?
Out of 100 companies that applied to angel groups in 2024, only 2 reached an investor's portfolio.…
The AI Agent Valuation Challenge: Why 2025's Digital Natives Need New Rules
When Phonic raised $4 million in April 2025 for its end-to-end speech-to-speech platform, it wasn't…
Embracing Uncertainty in a Post-SaaS World [The Equidam Podcast - 16]
In this episode of the Equidom Podcast, Dan Gray and Daniel Faloppa discuss the evolving landscape…