Everything spectup publishes
Six formats, on one page.
Who publishes it
Two accounts, two halves of a mandate. The subjects under each name are the ones each of them posts on most.
spectup on LinkedIn
Niclas SchlopsnaManaging Partner On LinkedIn Global fundraising, capital raising trends and technology developments. He also writes The Raise or Die Letter and hosts Deal Makers (& Fakers).
Edwin MikPartner & Head of IR On LinkedIn How limited partners and family offices decide, and what makes a fund manager easy to back. He also posts on capital concentration data and off-market deal origination.Deal Makers (& Fakers)
16The people who just closed a round or a deal, on how it got done. For anyone raising, allocating or buying.
Every episode
Write-ups
62Filed under 10 subjects, newest first.
Limited Partnership Agreement: Waterfall, Key Person, MFN
Venture Capital Fund Structure: What LPs Check First
What Is a Bridge Round, and When Does It Pay Off?
Venture Debt Financing: How It Works and What It Costs
Term Sheet Explained: Binding Terms and Red Flags
Capital Introduction: How It Works and Who Offers It
Deal Sourcing: How PE Buyers Reach Owners Before a Sale
Buy-and-Build Strategy: How PE Platforms Price Add-Ons
Confidential Information Memorandum (CIM): What Goes in It
Continuation Fund: LP Elections, Pricing and the Next Fund
Lehman Formula: How M&A Advisory Fees Are Calculated
The Sell-Side M&A Process: 9 Steps From Mandate to Signing
Pre-IPO Funding Rounds: Structure, Investors, Lockups
Series B Funding in 2026: Valuations, Investors and Terms
Fund of Funds: How FoFs Pick Managers and Charge LPs
Private Equity Secondaries: LP-Led, GP-Led and NAV Pricing
Angel Investing Trends 2026: What Changes in Your Next Round
AI Fundraising Tools for Startups: Where AI Stops in a Raise
How Much Does a Pitch Deck Cost in 2026? What Sets the Price
Term Sheet vs LOI: What a Seller Signs and What It Starts
What Is a Pitch Deck? Meaning, Slides and Who Reads It
Airbnb Pitch Deck Analysis: All 14 Original Slides
Investor Outreach: A Step-by-Step Guide
Venture Capital vs Investment Banking: Who Works for Whom
Private Placement Memorandum: Contents, Rule 506 and Filings
How to Raise Venture Capital: A Step-by-Step Playbook
Pitch Deck Outline: The 12 Slides and What Each Must Prove
TAM SAM SOM: Worked Examples and What Investors Test
Startup Funding Stages: Pre-Seed to Pre-IPO, Explained
What Is a Private Equity Placement Agent?
Business Exit Strategy: Trade Sale, PE, MBO or IPO
Silent Partner vs Investor: What Owners Give Up and Keep
Investment Memo: What PE and Corporate Committees Read
How Long a Pitch Deck Should Be: Perfect Length
Investment into a Startup Company: How It Works
Non-Dilutive Funding Guide for Startups
What Is a Virtual Data Room? Guide to Investor Due Diligence
Choosing a VC Fund Administrator: The 2026 Framework
Investor Due Diligence: Founder's Guide
Series A Traction Metrics: Benchmarks & Investor Requirements
Family Office Investing: How to Access Patient Capital
Convertible Notes for Capital Seed Raise
How VCs Make Investment Decisions?
Angel Investors Vs. Venture Capitalists: Which Path Fits
Pitch Deck Traction Slide: Metrics That Move Investors
Pre Seed Funding: Raise $100K–$500K Without Over-Diluting
Pre-Seed vs Seed Funding: Key Differences & Guide
Corporate Venture Capital: 5 Strategic Goals & 2026 Trends
How to Get Warm Introductions to Investors
What Do VCs Look For? The 4 Pillars Investor Framework
How to Send Pitch Deck to Investors Strategically
How to Present a Pitch Deck That Closes Funding Rounds
Pitch Deck vs Business Plan: When to Write Each
Seed Funding: The Metrics That Separate Closes from Declines
Startup Valuation: How Founders Actually Get Funded in 2026
Financial Pitch Deck Slide: Design That Closes Investors
How Pitch Deck Changes by Stage: What Investors Expect
How to Protect Your Idea When Pitching It to Investors
Financial Projections for Startups: Build One That Survives
Competitive Slide Pitch Deck: What Investors Actually Want
Key Metrics Investors Look for in Startups - Our Guide
Post Money Valuation vs Pre Money: What Founders MissNothing matches that.
Comparisons
6The firms a company or a fund shortlists, ranked. spectup is in all 6 and the case against it is in each one.
Calculators
4The arithmetic a term sheet turns on, run in the browser.
The Raise or Die Letter
9What we see in the market before it prices in.
Every issue
It goes to 2,000 B2B financial decision makers. Put your address in and it goes to you.
Free, and every issue is public.
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Capital Ecosystem had its moment in September
The Capital-Raising Mistakes Everyone Made While on Holiday
Europe does not have a founder problem. It has an investor problem.
$185B, a Chinese open model, and 4 things from my calls
Away From the Desk, and Back to It too
I moved apartments while watching the market.
The Future Is Here. The Capital Knows It. You're Not Ready.
Why Your Fundraising Desperation Is Killing Your Rounds
Fundraising isn’t broken. But most advice is.
ContributeYou have something worth publishingA conversation for the show, a number the letter should carry, a firm a comparison has missed. Tell us which and it reaches the desk that writes these.
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A live mandateYou are running a raise or a sale nowspectup works one side of a transaction and brings the other to the table. Capital raising for companies and funds, buy-side and sell-side M&A.
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