The ideas, people, and products shaping what comes next.
Burn rate shows how fast a company spends cash, and runway shows how long it will last. How to calculate both, what Paul Graham's default alive test adds, and the burn multiple.
Instant payment systems settle bank transfers in seconds, at any hour. How FedNow and the euro-area system work, why finality creates fraud risk, and how the UK and EU responded.
Startups raise money in stages, trading ownership for capital. How the stages are labeled, how SAFEs and priced rounds work, and what dilution does to a founder's stake.
Open banking lets approved apps see your account data or start payments with your consent. How it works, how the UK and EU built it, and where the US stands.
SaaS companies earn recurring revenue instead of one-off sales, which changes how they measure success. The key metrics, defined, with a worked example and the caveats.
Solo-founded startups have become far more common, according to Carta's data. What changed, what kinds of businesses suit one person, and where the model strains.
Stablecoins aim to hold a steady value, usually a dollar. Where the US and EU rules now stand, what the Bank for International Settlements says, and what the 2022 TerraUSD collapse showed.
Tokenization records a claim on a real-world asset, such as a fund share, on a blockchain. What central banks and the SEC say it changes, and what it leaves exactly as it was.
