A SAFE has no interest rate and no maturity date, but it is still a securities sale — here is what Y Combinator's own templates and federal exemption rules actually say about how one converts.
From a $15 billion 2020 listing called overpriced to the market's most valuable software company — Palantir's filed numbers are the AI software trade's reference case, caveats printed.
Mistral bet that open weights, European sovereignty, and lean costs could build a frontier lab without frontier funding — the documented record shows the bet half-proven.
From drones to air-defense contracts to a missile factory, Anduril's documented record made it defense tech's flagship — and its revenue concentration the sector's open question.
Perplexity became the answer-engine category's standard-bearer on rapid re-ratings and bold claims — an honest review separates what the record documents from what the company asserts.
Anthropic built the documented enterprise franchise of the AI cycle — Claude inside the world's companies — while OpenAI built the consumer one. The comparison is now countable.