Jul 2026
Your SAFE Notes Are Quietly Eating 28% of Your Cap Table
Founders often sign multiple post-money SAFEs without calculating stacking dilution. Here is how angel investors protect their stake.
Direct dispatches, underwriting post-mortems, and quantitative hedging notes from the Flourish partners. No fluff. Just real numbers and hard-learned lessons.
Jul 2026
Founders often sign multiple post-money SAFEs without calculating stacking dilution. Here is how angel investors protect their stake.
May 2026
Fancy slide decks mean little. How a founder answers tough questions over a single weekend tells you everything.
Mar 2026
Power-law returns are ruthless. If you only write five angel checks, odds are high you will miss the outlier entirely.
Jan 2026
Angel investments fail often. But standard tax rules cap capital losses at $3,000. Here is how Section 1244 lets you write off up to $100,000 as ordinary loss.
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Investment Committee Desk · Flourish Management