Valuation

An explanation of the term sheet in startup fundraising, detailing its role as a non-binding blueprint for investment and the critical balance between economic and control terms.

An overview of how startup worth is calculated, distinguishing between investor-led pricing and tax compliance, and highlighting the strategic implications of high valuations.

A down round occurs when a company raises capital at a lower valuation than before. This article explains the mechanics, the dilution risks, and the impact on morale.