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AI startups post a lower, better-looking burn multiple than SaaS in 2026. Their gross margins are also lower. Here is how both numbers can be true at once.
Three SAFEs at three caps can look like low-friction fundraising. By the mechanics Y Combinator built into the post-money SAFE, they're also a fixed claim on founder equity that almost nobody totals up.
Bridge and extension rounds now make up close to half of all seed-stage financings. Here's the difference between raising one from a position of strength and raising one because the growth curve already stalled.
An SEBI IPO approval lasts 12 months, not indefinitely. The regulator's one-time extension to September 2026 already used the only lever on record, and roughly ₹2.7 lakh crore in approved listings still has not moved.
YC W26 graduated 199 companies in March 2026. The interesting signal is not that 60% are AI companies — it's the breakdown: agent infrastructure, vertical agents, and foundational research. Here's what it tells you.
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