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Plain-English answers for founders running their first round.

No jargon, no fine print. Short, accurate explanations of the rules, filings, and instruments that come up during a first raise.

What Is a 409A Valuation?

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What Is a Cap Table?

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What Is a Certificate of Incorporation?

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What Is a Convertible Note?

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What Is a Delaware C-corp?

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What Is a Discount on a SAFE?

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What Is a FAST Agreement?

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What Is a Form D Amendment?

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What Is a Friends-and-Family Round?

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What Is a KISS?

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What Is a Non-Accredited Investor Under Regulation D?

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What Is a Post-Money SAFE?

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What Is a Pre-Money SAFE?

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What is a priced round?

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What Is a Pro Rata Right?

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