Issue #4
The Quiet Rise of Revenue-Based Financing in VC
Revenue-based financing grew 340% in 2025. Is non-dilutive capital the future — or a trap for founders who can't read the fine print?
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Issue #3
The Death of the $100M ARR Milestone
Why $100M ARR lost its magic number status, and the new benchmarks VCs use to evaluate growth-stage companies.
Issue #2
The LP Revolt: Why Fund Managers Are Sweating Fund III
LP re-up rates dropped to 58% — the lowest in a decade. What this means for emerging managers and the next vintage of funds.
Issue #1
The AI Funding Slowdown Nobody's Talking About
AI deal volume dropped 23% in Q1 while check sizes hit record highs. What the divergence signals for founders and investors.