The course
14 modules, 68 lessons, about 19 hours. Take them in order, or go straight to the part you need.
Module 0
Start here
The whole story of startup money in one sitting.
Module 1
Company basics
Shares, ownership, founder vesting, and how a startup is set up.
Module 2
Traction metrics
Run rate, ARR, burn, runway, growth, and what investors measure.
Module 3
Stages and investors
Pre-seed to IPO, who invests at each stage, and how venture funds make money.
Module 4
Valuation
Pre-money, post-money, price per share, and what a valuation really means.
Module 5
SAFEs
Caps, discounts, post-money SAFEs, and what happens when they convert.
Module 6
Priced rounds and notes
Convertible notes, preferred stock, and the option pool shuffle.
Module 7
Cap tables and dilution
Read a cap table and watch ownership change round by round.
Module 8
Employee equity
Options, strike prices, 409A, and how to read an offer.
Module 9
Term sheets
Liquidation preferences, anti-dilution, board seats, and clean terms.
Module 10
Exits
Acquisitions, IPOs, the liquidation waterfall, and QSBS.
Module 11
Raising a round
How much to raise, the process, the pitch, and closing.
Module 12
Y Combinator and accelerators
The YC deal, other programs, and how to compare offers.
Module 13
Capstone
Run a company from founding to exit and make every money decision.