Insights

In 2026, founders are rethinking how they structure capital, blending equity, debt, and secondaries to maximize flexibility and control. Venture and growth investors deployed $425 billion into more than 24,000 private companies in 2025, up 30% year-over-year.¹ Yet capital is concentrating into fewer companies, with larger checks flowing primarily to later-stage and AI-driven startups.² For most founders, this shift is increasing the need for a more deliberate and diversified