Reg CF & Reg A+ Market · Daily
Thousands of companies raise from the public every year, each filing terms with the SEC. Together that is a real market with observable pricing — and it is covered almost entirely by people being paid to promote individual deals. We cover the market instead.
Illustrative structure only. A single offering tells you very little; the same offering priced against everything else raising that month tells you a great deal.
One email, every weekday morning. Free, and easy to leave.
General market commentary only — never a recommendation to fund any offering, and never personalized advice. We take no commission on any raise.
What We Track
Three things make this a market rather than a pile of unrelated pitches — and all three are observable from public filings.
Valuations, caps, discounts, instruments, and minimums across live raises. Terms drift by sector and by month, and that drift is the most useful signal here.
Which sectors and stages are filling quickly, which are struggling to close, and how fast. Demand is what actually disciplines pricing in this market.
How registered portals differ in what they list, what diligence they do, what they charge, and what happens to your money when a raise fails to close.
Inside Each Issue
Current raises set against similar deals at the same stage in the same window.
Drawn from filed documents, not campaign pages. The two often disagree.
Valuation, instrument, and cap together decide what you actually pay per share.
Fees, escrow, minimums, and what a failed raise means for money you have committed.
Every deal type has a failure mode. We state it rather than implying there isn't one.
If anyone connected to a company or platform paid us, it says so at the top.
Method
Form C, offering circulars, and platform disclosures — never a sponsored placement.
A term only means something next to what else is being offered at the same stage.
Effective price per share frequently disagrees with the headline valuation.
Risks intact, every commercial relationship disclosed up front.
The Textbook and the Tape
Early Investor teaches how these instruments work — what a SAFE is, what a valuation cap does to your ownership, how dilution accumulates across rounds. It is the textbook.
Ground Floor Capital covers the live market: what is actually being offered, at what price, and how that compares to what came before. It is the tape. Most readers want both, and both are free.
Free to join. One email each weekday. Leave whenever you like.