GOVY

Equity. Unf*cked. Cap table, fundraising CRM, tracked data room, board + assemblies. One login. Built for founders in/out of the Delaware bubble.

[GOVY @GovyHQ]

Most cap table tools let you create an option pool with one click and never ask whose side of the round it's coming out of. Govy's round modeling shows you the split before you sign, not after. https://t.co/jmwoxQVb07 #startups

[GOVY @GovyHQ]

India tech startups raised $7.2B across 652 deals in H1 2026, up 12% YoY — but deal count fell 43%. Just 3 deals took 31% of all the capital. Fewer companies, bigger share of every dollar raised. #Indiastartups

[GOVY @GovyHQ]

The Dilution Files: same $9M pre-money, same $3M check. Carve the option pool out before the round and founders drop from 75% to 60%. The investor's 25% never moves an inch — that whole 15-point hit is yours alone. #captable

[GOVY @GovyHQ]

Down rounds come with clauses nobody explains until you're staring at one. Govy models SAFEs, pay-to-play, and every preference stack against your real cap table before you sign — so the surprise happens on the screen, not at the closing table. https://t.co/jmwoxQVb07

[GOVY @GovyHQ]

LatAm raised $1.03B in Q1 2026, up 12% YoY — but 74% of it ($761M) was late-stage. Early and seed combined: just $271M. Argentina's Ualá hit a $3.2B valuation on a $195M raise. Raising seed here means fighting for the smaller half of the pie. #LatAmstartups

[GOVY @GovyHQ]

The Dilution Files: a down round triggers pay-to-play. Fund your $400K pro-rata share and you keep your full $1M liquidation preference — plus a new one. Skip it, and your $1M preference forcibly converts to common. Same clause, $1M swing either way. #termsheet

[GOVY @GovyHQ]

Reframe: your ESOP plan isn't one document you copy off the internet. It's a different instrument in every country you hire in — and the tax rules don't care that the template looked the same.

[GOVY @GovyHQ]

Europe raised €44.1B in H1 2026 — but deal count is at a low point, capital piling into fewer, bigger rounds. UK alone: €18.7B, more than 3x Germany's €6.3B. Country matters more than continent when you're actually raising. #Europestartups

[GOVY @GovyHQ]

The Dilution Files: US ISOs cap out at $100K of value vesting per year (IRC 422) — go over, and the excess becomes an NSO, taxed as ordinary income at exercise. The UAE has no personal income tax at all, so that problem doesn't exist there. Same grant, different world. #ESOP

[GOVY @GovyHQ]

Founder Friday: have you ever signed a side letter without reading what MFN stands for? Have you found out your own ownership percentage changed without anyone telling you why? Be honest. We've been there too — that's the whole reason this series exists.

[GOVY @GovyHQ]

The Philippines actually outraised Indonesia in H1 2025 seed funding — $86M to $78M, a rare flip (DealStreetAsia). Full-year 2025: PH landed just $120M total, mostly fintech ($72M). Don't assume the SEA pecking order stays fixed. #SEAstartups

[GOVY @GovyHQ]

The Dilution Files: an early investor's SAFE has an MFN clause and a $10M cap. A later investor gets a $5M cap. The early investor's stake doubles — 2% to 4% — automatically, no renegotiation. Later concessions always flow backward. Read every side letter. #SAFEnotes

[GOVY @GovyHQ]

A founder signed three pre-money SAFEs before post-money SAFEs became standard. Each investor's real percentage depended on what the others raised too — nobody knew their number until the priced round. Everyone found out together, in the same meeting.

[GOVY @GovyHQ]

Saudi VC funding fell 74% YoY in H1 2026 — just $219M across 72 deals (MAGNiTT). But fintech grew to 67% of all funding, up from 28% in 2025, and Saudi investors now fund 74% of their own market, up from 54% last year. Smaller market, more local money. #saudistartups

[GOVY @GovyHQ]

The Dilution Files: a post-money SAFE's cap tells you your investor's exact ownership % the second you sign — investment ÷ cap. $500K at a $5M cap is 10%, full stop. The old pre-money SAFE couldn't promise you that. Know which one you're signing. #SAFEnotes

[GOVY @GovyHQ]

Reframe: your 90-day exercise window isn't a formality buried in your offer letter. It's a bill that arrives the same week you lose your paycheck. Read it before you need it, not after.

[GOVY @GovyHQ]

Australia's startups raised ~$3.5B across H1 2026 — the second-best half on record after 2022. But Q2 deal count hit its slowest pace since before 2020, and just two rounds (Firmus $725M, Airwallex $460M) made up ~70% of it. Concentration, not a broad boom.

[GOVY @GovyHQ]

The Dilution Files: you leave a startup with 10,000 vested options at a $2 strike, FMV now $12. Standard rule: exercise within 90 days or lose them — a $100K paper gain, gone. Some companies now give you 10 years instead. Know which one you signed. #startupequity

[GOVY @GovyHQ]

Startup horoscopes, liquidation-preference edition: the founder who knows their pref stack cold. The founder who assumes "1x" means the same thing everywhere. The founder who just learned what "participating" means, reading this. And you, checking your term sheet now.

[GOVY @GovyHQ]

South Korea's startups raised W7.8 trillion in H1 2026, up 205% YoY — already beating all of 2025. AI and robotics alone: W2.7 trillion, up 485%. 91.5% of seed money went there too. If you're not building AI in Seoul right now, you're the exception.