Early comes in more than one flavor

What lands in your inbox

• One story, told like a story — what is early, why it matters, and what has to go right
• The terms decoded: caps, discounts, dilution, and lockups, translated into what you would actually own
• Headline price versus what you really pay, which are rarely the same number
• Where it lives and what it costs — platform fees, escrow, minimums, and what happens to your money if a raise flops
• How this one goes to zero, written out in advance
• Who paid us, if anyone, at the top of the issue in bold

How we find it

1. Read the boring documents. Form C, offering circulars, S-1s, 10-Ks — where the pitch deck and the paperwork part ways. Never a sponsored placement or an inbound pitch.
2. Compare everything. A valuation only means something next to what else is being offered at the same stage in the same month.
3. Do the arithmetic. Valuation, instrument, and cap together set the real price per share. Marketing rarely does that math out loud.
4. Write it like a human, with the risks intact and every commercial relationship face up on the table.

What we will not do

No ratings, no rankings, no “deal of the week”, and no affiliate links to offerings. We take no commission on any raise, which is the only arrangement under which coverage of this corner of the market is worth reading at all.

We do not host or sell securities and we are not a funding portal. Live offerings are listed on registered portals and filed with the SEC on EDGAR — that is where to find them.