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Two co-founders' hands over a signed equity agreement on a warm off-white table, a graphite pen and one deep-orange sticky note marking the signature line.
Startups

Founder Vesting Explained: Cliffs, Acceleration, and the 83(b) Clock

Founder vesting is the schedule under which a founder earns equity over time instead of owning it outright; the standard is four years with a one-year cliff: nothing vests for twelve months, a quarter vests at the anniversary, the rest follows monthly. Cooley's guidance documents these mechanics…

A founder at a warm off-white desk beside a co-founder, one terracotta-accented dashboard open on the laptop, hands gesturing over a printed growth chart.
Startups

How Startups Choose Between Product-Led and Sales-Led Growth

A go-to-market motion is the mechanism a startup uses to turn a product into revenue, and the two dominant models are product-led growth and sales-led growth. Venture firm Andreessen Horowitz described the modern pattern in 2019: start with a consumer-style bottom-up motion, then overlay sales.…

Two founders sketch a funding diagram on paper across a warm off-white table, laptops open edge to edge.
Startups

How Startup Accelerators Actually Work, According to Y Combinator

Y Combinator, the accelerator that pioneered the batch model, runs a three-month program four times a year and invests $500,000 in every company it accepts, according to its published program documentation. The standard deal is $125,000 for 7 percent on a post-money SAFE plus $375,000 on an…

A founder's hands sketching cap-table percentages on paper beside a laptop, warm off-white desk in graphite tones, one orange pen as the accent.
Startups

How a $126 Million Series C Dilutes the Founders Who Started It

Hippocratic AI's $126 million Series C, announced November 3, 2025 at a $3.5 billion valuation, bought growth capital by selling roughly 3.6 percent of the company, and every existing shareholder's stake shrank by that fraction. Dilution is the mechanic every priced round uses, and the…

Hands reviewing a funding-term summary on a tablet beside a slim laptop in a warm off-white workspace, one graphite coffee cup adding the only accent of teal.
Startups

Hippocratic AI Raises $126 Million Series C at $3.5 Billion Valuation

Hippocratic AI, a Palo Alto startup building generative AI agents for healthcare, has closed a $126 million Series C at a $3.5 billion valuation, the company announced on November 3, 2025. The round was led by Avenir Growth Capital and brings total funding to $404 million, according to the…