2026 IPO Outlook
Initial public offerings (IPOs) in the U.S. continued to increase in 2025 after the market slowed in 2024. 371[1] companies have gone public so far in…
Bill Clark
Topic
Diversification
Trends and Industries to Watch 2026
With 2025 coming to a close, investors may be wondering what industries could take the spotlight in 2026. Which industries should investors keep an eye on…
Bill Clark
Assessing Product-Market Fit
While startups may claim that they have found product-market fit, how can investors actually tell if good product-market fit has been found? How can investors differentiate…
Bill Clark
Evaluating Deals Outside Your Expertise
It’s difficult to be an expert in everything. Therefore, private market investors may come across investment opportunities that are outside their expertise or industry knowledge, especially…
Bill Clark
Assessing Startup Market Size: TAM, SAM, and SOM
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).…
Bill Clark
Understanding Tender Offers
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…
Bill Clark
MicroVentures’ Portfolio Company: OpenAI’s History and Milestones
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…
Bill Clark
Understanding Valuation Caps
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…
Bill Clark
Calculating a Startup’s True Runway
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…
Bill Clark
Education