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]

@YCInsight Underrated follow-up to that question: ask what happened to their pro-rata when a later round got competitive and they had to choose between protecting their stake and protecting the founder's cap table. That's where you find out who they actually are.

[GOVY @GovyHQ]

@BenemeritoLaw This is the whole game. Participating preferred stacked on top of a 2x or 3x preference can turn a "good" exit on paper into common stock getting almost nothing at closing. Model the actual waterfall against your cap table before you sign, not after.

[GOVY @GovyHQ]

@neuralunlock The other trap: founders who fixate on the headline valuation and never model what the term sheet actually does to their ownership once the option pool gets carved out pre-money. Same number on the page, very different cap table underneath it.

[GOVY @GovyHQ]

Reframe: pro-rata isn't your existing investor being greedy. It's the only way they don't get diluted out of a company they already believed in once. The founder's job is just knowing who's using theirs.

[GOVY @GovyHQ]

Canada raised $2.69B CAD across 250 deals in H1 2026, up 17% YoY. Later-stage funding hit a record low ($984M/17 deals) while early-stage stayed strong ($1.18B/68 deals). US investors joined 28% of deals. #Canadastartups

[GOVY @GovyHQ]

The Dilution Files: $200K at a $2M post-money SAFE = 10% ownership. Next round: $3M raised. Maintain your 10%? Write another $300K check — pro-rata isn't a bonus, it's the price of staying at the same %. #captable

[GOVY @GovyHQ]

Founder trivia: the clause you've never read in your own offer letter is the one that decides what happens to your equity the day your company gets bought. Go check it. We'll wait.

[GOVY @GovyHQ]

Turkish startups raised $172M across 87 rounds in H1 2026 — down hard from $589M all of 2025. Gaming took 65% of it ($111M), just 6 companies grabbed 75% of total funding. Fintech cratered from $220M to $17M. #startups

[GOVY @GovyHQ]

The Dilution Files: same acquisition, same unvested options. Single-trigger vests everything the moment the deal closes. Double-trigger vests nothing unless you're let go within 12-24 months after. 1,500 options can swing on that one word. #foundertips

[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