Founder Salary Caps in VC Term Sheets Require Board Consent and Often Set Pay Between $120K–$180K
A founder salary cap in a VC term sheet is a contractual clause requiring board or investor consent before founders can raise their pay above a set amount; it’s enforced by the company's board (often controlled by new investors), commonly appears in seed and Series A deals, and U.S. seed founders typically see caps around $120,000–$180,000.
K2 Space Raises $500 Million Series D, More Than Doubling Valuation in Seven Months to Fund Production of Up to 100 Large Satellites Annually
K2 Space raised $500 million in a Series D round that more than doubled its valuation in seven months and will fund ramping production to as many as 100 large satellites per year for commercial and defense customers.
Endurance Energy Raises $54M Series A to Advance Deep-Ocean Geothermal Infrastructure
Endurance Energy, a Seattle developer of deep-ocean geothermal energy harvesting infrastructure, raised $54 million in a Series A funding round.
Seattle's Endurance Energy Raises $54M to Develop Deep-Sea Geothermal Power, Targets Grid Delivery in Two Years
Seattle startup Endurance Energy, led by former SpaceX engineer Andrew Redd, raised $54 million to develop deep-sea geothermal power technology and plans to deliver electricity to the grid within two years. The company aims to produce gigawatt-scale energy by deploying its 100-kilowatt generator 'Adelie' to the Juan de Fuca ridge this fall.
Solo, founded by ex-Uber and Convoy vets, raises $5.5M seed to predict and guarantee gig workers' earnings
Seattle startup Solo, founded by ex-Uber and Convoy employees, raised a $5.5 million seed round to provide hour-by-hour earnings predictions and a guarantee to top up gig workers' pay if predictions fall short, with plans to expand into insurance, taxes, and mileage tracking.
Phin Barnes (First Round Capital) says founders should prioritize partner/founder fit, not firm brand, when fundraising
Phin Barnes of First Round Capital argues founders should prioritize partner/founder fit over targeting a firm when fundraising, because individual partners sponsor and champion investments. Successful fundraising hinges on personal alignment with a partner’s values, worldview and working style rather than treating a VC fund as a monolithic decision-maker.
