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Monday, October 12, 2026

Author

Ray Kowalski

Ray Kowalski covers Funding, Smarthome and Reviews.

Articles by Ray Kowalski

A line chart shaped like a steep V — a tall peak, a sharp drop, a partial climb back — rendered as a stylized cap-table ledger page, in the site's dry, data-forward visual.

How a Down Round Reset Klarna From $45.6B to $6.7B

Ray Kowalski

Infographic of runway scenarios with and without a bridge milestone

Bridge Rounds: The Runway Math Before You Take One

Ray Kowalski

CFO reviewing loan covenant schedules with a lending term sheet

Venture Debt: When a Loan Beats a Round

Ray Kowalski

Solitary researcher writing equations on a floor-to-ceiling chalkboard

Safe Superintelligence at $32 Billion: What Investors Are Buying

Ray Kowalski

Employees lining up at a tender offer information session

Secondaries: How Employees Sell Shares Before an IPO

Ray Kowalski