Skip to content
Zero to Term Sheet
Try post-money, SAFE, run rate, or liquidation preference.
↑ ↓ to moveEnter to openEsc to close
Zero to Term Sheet

Tools

Startup headline decoder

Pick a funding headline and change its numbers. See what run rate, ARR, post-money, led by, valued at, and oversubscribed mean, with the math.

Learn the idea behind this tool

Decoder

Decode a startup headline

Pick a headline and change its numbers. Each part of the headline gets a plain reading and its math.

Headline

Bluefin AI hits a $100M run rate

An invented headline. Each numbered part below explains one piece of it.
$100M
Bluefin multiplied the revenue of one
  1. 1

    “$100M”

    A yearly speed, not money that Bluefin collected. Nobody added a full year of revenue to get it.

    $100M ÷ 12 = $8.33M a month
  2. 2

    “run rate”

    The revenue of one recent month, multiplied to a full year. It counts all revenue, also one-time sales and usage spikes. It is not ARR.

    $8.33M in one month × 12 = $100M

For this headline, Bluefin needed only $8.33M of revenue in one month. Ask which month it was, and how much of that revenue repeats.