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investors logic series

founder market fit

+9

The Investor’s Logic: The Risk Stack

Aug 28, 2026

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4 min read

The Investor’s Logic: The Risk Stack

Your company carries four risks at once. Only one of them is the risk your next round is actually buying down, and the deck usually defends a different one.

Kursat Hosel
Kursat Hosel

pitch deck

+9

The Investor’s Logic: The Ownership Equation

Aug 21, 2026

•

5 min read

The Investor’s Logic: The Ownership Equation

A fund tells you its check size and its ownership target. It has just told you the highest valuation it can pay, and nobody said the word valuation.

Kursat Hosel
Kursat Hosel

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