Jun 10, 2026

by

arian ghashghai

The Valuation Cap Game First-Time Fundraisers Rarely Understand

Most rounds see final checks at 2x the initial valuation, a shift that's reshaping founder strategy.

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Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Substack

Linkedin

X

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Soon

about us

Community

Store

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

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Soon

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