MicroVentures Blog
Research, market commentary, and education for investors and founders.
What Are TAM, SAM, and SOM? Metrics commonly referenced by early-stage startups include Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Serviceable Obtainable Market (SOM).…
Learn More About the Process of Startup Funding Rounds Startups go through a series of funding rounds to secure the funding they need to get their…
A Tender Offer Can Provide Early Investors with a Key Avenue to Liquidity Private market investments are inherently illiquid, and early-employees and investors should be prepared…
OpenAI is an artificial intelligence (AI) company most commonly known for its AI chatbot, ChatGPT, and other products such as DALL-E and Sora. Founded with the…
With convertible notes as a common way for startups to raise capital, investors should understand valuation caps, a mechanism designed to help early investors by setting…
For startups, raising capital is an important milestone that can help achieve goals, grow the business, and hire a team. Two early-stage funding rounds are Seed…
Understanding how long startup capital can sustain operations before the startup needs to secure additional funding is an important metric for investors to understand. While there…
Learn More About Follow On Investment in Subsequent Funding Rounds Follow on investments are most commonly associated with institutional investments from venture capital or private equity…
Understanding Pro Rata Rights Is Essential for Investors Pro rata rights represent the right for investors to participate in subsequent rounds of startup funding beyond their…
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