SPOTLIGHT Anthropic Filed. The Planning Window Is Open. Anthropic confidentially filed its S-1 on June 1. There is no public prospectus yet, no ticker, and no date, and that is exactly the point. A confidential filing starts a window that most employees don’t realize is the most consequential planning period they will ever have: the…

Anduril Just Started a $1 Billion Tax Clock, Employees Have Until July 24 Anduril announced one of the most consequential equity changes in its history moving to a “single trigger” structure for RSUs. Historically, RSU holders needed two things to happen before their equity became sellable stock: time based vesting and a liquidity event like…

SPOTLIGHT Anthropic x Blackstone & The Partner Network: A Masterclass Anthropic’s announcement launching an AI servicing company wasn’t just an elegant off-balance sheet fundraise. Anthropic co-founded a new AI services company alongside Blackstone, Hellman & Friedman, and Goldman Sachs, and then pulled in General Atlantic, Apollo, Sequoia, and GIC as additional backers. The capital on…

SPOTLIGHT SpaceX’s $60B Purchase or $10B Partnership If you want to know where AI development wars are heading, look at who’s trying to own the developer. This week, SpaceX dropped a headline that nobody expected: the company reportedly has the option to acquire Cursor, the breakout AI coding assistant, for $60 billion later this year,…

Welcome to the Drip of the Week — your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders shaping the future.  Spotlight: Pre-IPO Luxury Housing Boom? If you want to know where new wealth is forming, as private markets have evolved, don’t start with…

Welcome to the Drip of the Week — your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders shaping the future.  Spotlight: Spark — Drip 4. Liquidity & Diversification We’re excited to continue our 4-part Spark series. Spark is our solution built specifically for…

Welcome to the Drip of the Week — your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders shaping the future.  Spotlight: Spark — Drip 3. Tax Optimization We’re excited to continue our 4-part Spark series. Spark is our solution built specifically for employees…

Welcome to the Drip of the Week — your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders shaping the future.  Spotlight: Spark — Drip 2. Lower Cost of Capital We’re excited to continue our 4-part Spark series. Spark is our solution built specifically…

Welcome to the Drip of the Week — your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders shaping the future. Spotlight: Spark — Drip 1. Higher Advance Rate We’re excited to announce the launch of Spark, a new Liquid Stock solution built specifically…

Welcome to the Drip of the Week – your quick hit on companies we like, what’s changing across the Unicorn economy, and how those changes impact employees and founders of the companies shaping our future. Spotlight: Incentive Stock Options (ISOs) ISOs are one of the most powerful and misunderstood forms of equity compensation. When used…