Blog

Fundraising, decoded.

Insights on seed-stage fundraising, VC meetings, and startup evaluation.

Filtered by: fundraising ×
Seed Round vs Series A: What Actually Changes for Founders in 2026
David Rakusan ·

Seed Round vs Series A: What Actually Changes for Founders in 2026

A seed round funds a promise. A Series A funds proof the promise is working. In 2026 only about 15% of seed startups reach a Series A within two years, and the traction bar jumped a full stage. Here is what actually changes between the two rounds, what investors weigh at each, and how to tell whether you are seed-ready or Series-A-ready right now.

How to Build a Startup Financial Model for Fundraising (2026)
David Rakusan ·

How to Build a Startup Financial Model for Fundraising (2026)

Investors read your fundraising model as proof of how you think. They already know the forecast is a guess. Here is how to build a startup financial model from real drivers, a clean burn calculation, and defensible unit economics, then back-solve the raise so the numbers survive scrutiny.

How to Cold Email Investors: Templates That Get Replies in 2026
David Rakusan ·

How to Cold Email Investors: Templates That Get Replies in 2026

Cold email reply rates to investors sit around 5%, and most of those replies are a polite no. This guide covers what the data really says, why most investor cold emails fail, and the templates and structure that turn a cold email into a reply, built on first-party data from Belkins, Woodpecker, DocSend, and Snov.io and seven years on the investor side.

Technical Due Diligence for Startups: What Investors Check in 2026
David Rakusan ·

Technical Due Diligence for Startups: What Investors Check in 2026

Technical due diligence is how investors confirm the engineering behind a startup is real: that the product scales, the security holds, the code is maintainable, and the company owns its IP. This guide breaks down what reviewers check line by line, what a polished demo hides, the AI-generated-code question reviewers now ask, and a seven-step readiness checklist so the same checks do not slow down every round.

Legal Due Diligence Checklist for Startups (2026)
David Rakusan ·

Legal Due Diligence Checklist for Startups (2026)

Legal due diligence is where investors confirm your startup actually owns its equity, its IP, and its contracts. Most founders meet it as a surprise when the term sheet is already signed and a missing contractor assignment stalls the round. This checklist walks through all nine workstreams counsel reviews, from Delaware incorporation and the 83(b) 30-day clock to 409A valuations and the IP assignments that kill the most deals, plus a pre-fundraise readiness routine and a quick-reference table.

How to Build an Investor Target List (2026)
David Rakusan ·

How to Build an Investor Target List (2026)

Most founders treat an investor target list as a contact dump, then wonder why the deck disappears. A target list is really a proof-routing problem: which investors have the thesis, stage, check size, and capital to act on your startup, and how do you get each one proof without repeating yourself fifty times. Here is the five-criteria method to build a fit-matched list in 2026, how big it should be, how to tier it, and the tools that source it.

Investor Pitch Deck Template: 10 Slides That Actually Work in 2026
David Rakusan ·

Investor Pitch Deck Template: 10 Slides That Actually Work in 2026

Most pitch deck templates give you a structure but not an argument. This 10-slide investor pitch deck template for 2026 walks slide by slide through what to put on each slide, the proof signal each one should carry, the most common 2026 mistake, and the test for whether the slide is doing its job. Built on the team-weighting research from 885 institutional VCs and DocSend's 2024 behavioral data on how investors read decks.

Pattern Matching is Broken: Why Investors Miss Good Deals (and What Founders Can Do About It)
David Rakusan ·

Pattern Matching is Broken: Why Investors Miss Good Deals (and What Founders Can Do About It)

Pattern matching is the dominant shortcut VCs use to decide who to fund. It is also the reason the same VCs missed Airbnb, missed Brian Chesky, and continue to misallocate billions to founders who look like past winners. Seven years on the investor side, plus the actual academic data, shows why this happens and how founders who do not fit the template can produce a counter-signal that gets read.

Pitch Deck Examples for Startups (and What Investors Actually Look at on Each Slide)
David Rakusan ·

Pitch Deck Examples for Startups (and What Investors Actually Look at on Each Slide)

Most pitch deck guides show you what a great deck looks like. This one shows what investors actually read on each slide. Behavioral data from 30,000+ investor sessions, the slide-by-slide framework, and the proof signals that separate decks that move forward from decks that get a polite reply. Includes a 11-slide comparison table, a working redesign checklist, and the structural fix for the question-repetition trap that decks alone cannot solve.

We Analyzed 4,690 Founder Posts About Fundraising. The #1 Problem Isn't Rejection.
David Rakusan ·

We Analyzed 4,690 Founder Posts About Fundraising. The #1 Problem Isn't Rejection.

Original research across 4,690 founder posts on LinkedIn, X, Reddit, and Quora. Timeline drag is the #1 pain in seed-stage fundraising, ahead of rejection, deck feedback, and investor ghosting combined. Here is what founders themselves say is breaking them.