Latest Articles & Insights
Expert insights on startup exits, cap table modeling, and financial analysis
SAFE Note Stacking: A Deeper Look
This article provides an in-depth analysis of Simple Agreement for Future Equity (SAFE) notes, focusing on the often-overlooked complexities of dilution and investor returns when multiple SAFEs are stacked. The piece highlights the strategic benefits and potential pitfalls for both founders and investors, and includes an interactive calculator to model real-world scenarios. It explores how stacking SAFEs can lead to unpredictable founder dilution and how later investors may receive less favorable terms compared to earlier ones. The interactive tool allows …
The Power of the Waterfall: Visualizing Your Startup's Journey to Success
💡 How do you prove to investors that their money is creating real value—not just covering burn? The answer isn’t buried in your balance sheet, it’s in the story you tell. A waterfall chart transforms dry numbers into a compelling narrative of value creation, funding milestones, and investor returns.
In this article, we break down how founders can use waterfalls to:- Visualize value growth between rounds
- Negotiate better terms with confidence
- Align investor expectations with transparent storytelling
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