Global fundraising, capital raising trends and technology developments. He also writes The Raise or Die Letter and hosts Deal Makers (& Fakers).
Everything spectup publishes
Six formats, on one page.
Deal Makers (& Fakers)
17The people who just closed a round or a deal, on how it got done. For anyone raising, allocating or buying.
Every episode
Write-ups
65Filed under 10 subjects, newest first.
M&A Due Diligence: Workstreams, Timing and Red Flags
Management Buyout: Funding, Tax and Owner Protection
Series B Funding in 2026: Valuations, Investors and Terms
Limited Partnership Agreement: Waterfall, Key Person, MFN
Venture Capital Fund Structure: What LPs Check First
What Is a Bridge Round, and When Does It Pay Off?
What Is a Data Room? Contents, Timing and How Investors Read It
Angel Investing Trends 2026: What Changes in Your Next Round
AI Fundraising Tools for Startups: Where AI Stops in a Raise
Term Sheet vs LOI: What a Seller Signs and What It Starts
What Is a Pitch Deck? Meaning, Slides and Who Reads It
Airbnb Pitch Deck Analysis: All 14 Original Slides
Venture Capital vs Investment Banking: Who Works for Whom
Venture Debt Financing: How It Works and What It Costs
Corporate Venture Capital: How It Works and 2026 Trends
What Do Venture Capitalists Look For? Criteria and Process
TAM SAM SOM: Worked Examples and What Investors Test
How to Present a Pitch Deck and Protect Your Idea
Pitch Deck vs Business Plan: Which to Write First
What Is a Term Sheet? Binding Clauses and Red Flags
Pitch Deck Financials: What to Show and How to Tie It Out
Silent Partner vs Investor: What Owners Give Up and Keep
Investment Memo: What PE and Corporate Committees Read
Quality of Earnings: What Buyers Test Before They Pay
Divestiture: How a Company Sells a Business Unit
Buy-and-Build Strategy: How PE Platforms Price Add-Ons
Confidential Information Memorandum (CIM): What Goes in It
Lehman Formula: How M&A Advisory Fees Are Calculated
The Sell-Side M&A Process: 9 Steps From Mandate to Signing
Investor Outreach: A Step-by-Step Guide
Continuation Fund: LP Elections, Pricing and the Next Fund
Fund of Funds: How FoFs Pick Managers and Charge LPs
Private Equity Secondaries: LP-Led, GP-Led and NAV Pricing
Private Placement Memorandum: Contents, Rule 506 and Filings
What Is a Private Equity Placement Agent?
Post Money Valuation vs Pre Money: Formula and Dilution
Capital Introduction: How It Works and Who Offers It
Pre-IPO Funding Rounds: Structure, Investors, Lockups
Investor Due Diligence: What Investors Check, How to Prepare
How to Raise Venture Capital: A Step-by-Step Playbook
Startup Funding Stages: Pre-Seed to Pre-IPO, Explained
Business Exit Strategy: Trade Sale, PE, MBO or IPO
Earnout in M&A: What the Deferred Price Is Worth
Deal Sourcing: How PE Buyers Reach Owners Before a Sale
Family Office Investing: How to Access Patient Capital
How Much Does a Pitch Deck Cost in 2026? What Sets the Price
How to Send Pitch Deck to Investors Strategically
Pitch Deck Outline: The 12 Slides and What Each Must Prove
How Long a Pitch Deck Should Be: Perfect Length
Non-Dilutive Funding Guide for Startups
Choosing a VC Fund Administrator: The 2026 Framework
Series A Traction Metrics: Benchmarks & Investor Requirements
Convertible Notes for Capital Seed Raise
How VCs Make Investment Decisions?
Angel Investors Vs. Venture Capitalists: Which Path Fits
Pitch Deck Traction Slide: Metrics That Move Investors
Pre Seed Funding: Raise $100K–$500K Without Over-Diluting
Pre-Seed vs Seed Funding: Key Differences & Guide
How to Get Warm Introductions to Investors
Seed Funding: The Metrics That Separate Closes from Declines
Startup Valuation: How Founders Actually Get Funded in 2026
How Pitch Deck Changes by Stage: What Investors Expect
Financial Projections for Startups: Build One That Survives
Competitive Slide Pitch Deck: What Investors Actually Want
Key Metrics Investors Look for in Startups - Our GuideNothing matches that.
Comparisons
9The firms a company or a fund shortlists, ranked. spectup is in all 9 and the case against it is in each one.
Calculators
4The arithmetic a term sheet turns on, run in the browser.
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A live transactionYou are running a raise or a sale nowspectup works one side of a transaction and brings the other to the table. Capital raising for companies and funds, buy-side and sell-side M&A.
Discuss a transactionThe Raise or Die Letter
9What we see in the market before it prices in.
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