Exits
What IPO Day Actually Looks Like
Behind the bell: the eighteen-month process, the S-1, the roadshow, how the price gets set, what the lockup does to your team, and the Monday after.
3 min read
Back to game
The Garage to IPO business blog
Writing about the real business behind the simulator: how founders split equity, what a seed round actually costs, how to read a burn rate, when to hire, and what happens on the way to an exit. Every post uses worked numbers, not slogans.
Prefer reference material? Browse the startup finance guides or the glossary.
Funding
Raise or Bootstrap: How to Actually Decide
Not a philosophy question. A test based on how fast your market closes, how much capital your product needs before revenue, and what outcome you actually want.
3 min read
Money & Ops
Burn Rate Math Every Founder Should Know
Gross burn, net burn, runway, default alive, and burn multiple — the five numbers that tell you whether you are building a company or spending one.
2 min read
Money & Ops
Your First Ten Hires Decide Everything
The first ten people set your culture, your speed, and your ceiling. A hiring order that works, the roles founders hire too early, and how to fire fast without being cruel.
3 min read
Funding
What a Seed Round Really Costs You
Dilution is only the headline. The real price of a seed round is the board seat, the pace you commit to, and the exit outcomes you quietly rule out.
3 min read
Starting Up
How Founders Actually Split Equity (And Why 50/50 Usually Breaks)
A practical framework for dividing founder equity: what to weigh, why an even split is rarely honest, and how vesting protects everyone when someone leaves.
3 min read