by billdecker | Jun 9, 2026 | Founder Stories
By the time a founder we advised got to their Series A term sheet, the cap table had four different SAFEs, an advisor grant nobody could locate the paperwork for, and a spreadsheet that didn’t match any of it. Here’s how the cleanup went, and why it...
by billdecker | May 22, 2026 | Founder Stories
We told a founder to kill their token. It was not a popular recommendation in the room — the token was already announced, the community was expecting it, and the deck had a whole section built around it. Here’s what changed after they did it anyway. Why the...
by billdecker | May 5, 2026 | Founder Stories
A founder we worked with closed a down round eight months ago — a valuation cut that felt, at signing, like a loss. It turned out to be the best negotiating position the company has had since its Series A. Here’s how a down round became leverage instead of a...
by billdecker | Apr 17, 2026 | Founder Stories
A founder we advised spent fourteen months building a B2B analytics tool nobody quite wanted, and three weeks realizing the support tickets were the actual product. This is the story of the pivot nobody in the room wanted to make — including us. The signal was in the...
