Venture Capital Explained: From Seed Round to IPO
How does venture capital actually work? Learn the fund structure, funding stages, dilution mechanics, and key terms — from first check to IPO — in plain English.
How does venture capital actually work? Learn the fund structure, funding stages, dilution mechanics, and key terms — from first check to IPO — in plain English.
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.
OpenAI closed a record $122 billion funding round in March 2026 at an $852B valuation. Here’s what the deal structure, PBC conversion, and Microsoft renegotiation mean for capital markets.
Google commits up to $40 billion to Anthropic in the largest private AI investment ever, just four days after Amazon’s $5 billion new tranche brought its total stake to $13B.
Investors are valuing Anthropic at $800 billion — more than Goldman Sachs. Here’s what that tells us about AI’s private capital revolution.
OpenAI’s private market valuation has ballooned to $852 billion, but some of its own backers are questioning the math as the company shifts strategic focus.
Wall Street is buzzing over a potential SpaceX or Starlink IPO. Here’s what a $100B+ listing would mean for investors, index funds, and private markets.