The fundraising playbook
We build software for running raises, which means we spend our days inside the mechanics of how rounds actually come together. This is that knowledge, published openly and free to read.
Free tools
Interactive, no sign-up and no email required.
Exit simulator
Model stacked preferences and participation, then see what your terms cost you versus clean 1x across every exit value.
Open the calculator →What will you own after Series B?
Model dilution across rounds against real market medians, and see what your stake is worth at exit.
Open the calculator →Are you ready to raise?
The eleven things that should exist before you email a single investor, with a free readiness score.
Open the checklist →Guides
The 14 stages of a venture round
From target list to wired funds. What each stage means, when it is genuinely complete, how long it takes, and where rounds die.
Read the guide →Investor email templates
The emails founders send across a raise, in order, with the reasoning behind each and the sending rules that matter more than wording.
Read the guide →The questions every investor asks
Why now, market size, CAC, defensibility, risks, use of funds. The recurring questions and the structure of a strong answer.
Read the guide →Fundraising glossary
38 terms, each on its own page with a worked example and what is actually market-standard.
Read the guide →Why we publish this
Most fundraising content is either abstract encouragement or a sales funnel with three useful sentences in it. We would rather publish the actual operating detail: what each stage of a round means, what to send and when, what investors ask, and what the terms do to your outcome.
If it is useful, quote it, send it to a founder who needs it, or cite it. Attribution to vcterminal.com is appreciated but not required.
Who writes this
VCTerminal is built by people who run capital raises professionally. The product's data model is shaped by that work, and these guides are generated from the same source of truth the software uses, so they stay accurate as the product evolves.
Run your raise on this
One place to run investor targeting, your pipeline, the data room, and investor updates.
Start free