The companies which had the greatest impact on the world (e.g. SpaceX, AirBnB, Coinbase) often faced the steepest challenges when fundraising. Valuation, done properly, helps investors understand the potential of novel ideas. It drives returns, and it accelerates progress.

"Everything that you can test before raising, you should." Equidam CEO Daniel Faloppa with @MatheusPagani77 on @VibeSpace_SO: the lower the risk, the higher the valuation, and the more of your company you keep. Unedited clip from the live stream.

New episode: Every Employee an Owner, with Quintus Willemse of Share Council. How Dutch option tax works, why valuation is where first ESOPs stall, and what AI changes about paying people for hours.

"People shouldn't raise capital because that's what the cool kids do. That's the wrong reason to raise capital by far." Equidam CEO Daniel Faloppa, asked by @MatheusPagani77 on @VibeSpace_SO when founders should bootstrap instead. Straight from the live stream, unedited.

"Talk to two, three investors, get that feedback and adjust your proposition." Equidam CEO Daniel Faloppa on handling investor pushback: practise on investors who aren't your top targets, then go to the ones you care about. Live with @MatheusPagani77 on @VibeSpace_SO, unedited.

"You can raise at a billion today, but what matters is what you exit." Equidam CEO Daniel Faloppa with @MatheusPagani77 on @VibeSpace_SO: with a 3x liquidation preference on $100M, the founder sees nothing until the exit clears $300M. The clip is raw from the live stream.

Climate tech funding cooled. Geothermal didn't. Moritz Pill of Borobotics: once Fervo and Quaise showed a path to a marketable product, the VCs who had skipped the category started asking to learn it. One credible commercial reference re-rates everyone else's round.