Vaporware
Vaporware is software, hardware, or technology that has been publicly announced — often with extensive marketing — but is never actually released, or releases years after promised.
From emerging regulation to deal mechanics, we write about the questions founders and investors actually ask — practical analysis you can put to work.
Vaporware is software, hardware, or technology that has been publicly announced — often with extensive marketing — but is never actually released, or releases years after promised.
Series B is the second institutional priced equity round following Series A, typically focused on scaling a business that has already demonstrated product-market fit, repeatable customer acquisition, and sustainable unit economics.
Freemium is a pricing model combining “free” and “premium” — a permanently free tier with limits, paired with one or more paid tiers that unlock advanced features, higher usage, or team capabilities.
Search Engine Optimization (SEO) is the practice of optimizing a website’s structure, content, and authority signals to rank higher in organic (unpaid) search engine results — primarily Google, Bing, and increasingly LLM-based search (Perplexity, ChatGPT, Claude).
Monthly Recurring Revenue (MRR) is the predictable subscription revenue a SaaS business expects to earn each month. It excludes one-time fees, professional services, and variable usage. MRR is the foundational metric for tracking SaaS growth velocity at a fine-grained pace.
ARR is the annualised run-rate of recurring subscription revenue — MRR × 12 or summed contract values, excluding one-time fees. How to calculate it correctly and why diligence teams rebuild it from invoices.
The Travel Rule is a financial regulation requiring originator and beneficiary information to “travel” with a transfer above a defined threshold.
An Initial DEX Offering (IDO) is a token launch mechanism that uses decentralized exchanges (DEXs) and launchpad platforms to distribute new tokens directly to the public without intermediation by a centralized exchange.
A liquidity pool is a smart contract holding reserves of two or more tokens to enable decentralized trading. Liquidity pools are the foundation of Automated Market Makers (AMMs) like Uniswap, Curve, and Balancer — they replace traditional order books with algorithmic price discovery.
Tokenization is the process of converting rights to an asset — physical, financial, or digital — into a digital token recorded on a blockchain. The token serves as a transferable, programmable proof of ownership or claim.