Pre-seed through exit: who invests, what the startup offers, what investors screen for — plus edge cases and terminology.
Static view — scroll through all six stages.
Aggregator-style breakdown — startup (demand) vs. investor (supply) at each stage, including deal mechanics and red flags. Click a stage.
Situations that don't fit the clean stage-by-stage picture. Click to expand.
Same stage names, very different check sizes and dynamics by region.
Terms that show up on term sheets and cap tables.