Shows / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones

The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones
The Series A Show with Fexingo is the podcast that decodes the mechanics of early-stage venture financing. Each episode, co-hosts Lucas and Luna dissect a single startup's Series A round — from pitch deck structure and unit economics to cap table negotiations and the critical milestones that trigger institutional investment. Lucas walks through the actual numbers of a real announced round: pre-money valuation, revenue multiples, burn rate, and the growth metrics VCs demand. Luna presses him on…
Episodes
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesThe Founder Reference Slide in Series A Pitches
In this episode of The Series A Show, Lucas and Luna break down the quiet newcomer in 2026 pitch decks: the founder reference slide. They explain why investors…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesSeries A Decks Now Lead With a Go-to-Market Motion Slide
In this episode of The Series A Show, Lucas and Luna break down why Series A pitch decks are now opening with a go-to-market motion slide. They trace the shift…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Decks Now Include a Red Team Slide
In this episode of The Series A Show, Lucas and Luna explore why a growing number of Series A pitch decks feature a 'red team' slide—a slide that…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Lead With a Security Posture Slide
In this episode, Lucas and Luna explore a new trend in Series A pitch decks: the security posture slide. As AI assistants like Instinct raise privacy concerns…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Decks Now Show a Revenue Retention Slide
In Episode 164 of The Series A Show, Lucas and Luna explore a new trend in early-stage pitch decks: the net revenue retention slide. They break down why…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Decks Now Show a Rule of Forty Slide
On this episode of The Series A Show, Lucas and Luna dig into a surprising new trend: early-stage founders are adding a Rule of Forty slide to their pitch…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Decks Now Show Net Revenue Retention Breakdowns
In episode 162 of The Series A Show, Lucas and Luna break down the newest slide appearing in early-stage pitch decks: the net revenue retention breakdown…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitch Decks Now Lead With a Gross Margin Slide
On this episode of The Series A Show, Lucas and Luna unpack a new trend showing up in early-stage pitch decks: a gross margin slide, front and center. They…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesSeries A Pitches Are Adding a Compute Pricing Slide
This week on The Series A Show, Lucas and Luna look at a new slide that's quietly showing up in early-stage pitch decks: the compute pricing slide. As AI…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Now Pitch a Private Market Liquidity Slide
In the second half of 2026, as IPO windows stay stubbornly closed and the public market appetite for tech remains selective, early-stage founders are quietly…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include a Pod Cost Slide
In this episode of The Series A Show, Lucas and Luna explore a new trend in early-stage startup pitches: the pod cost slide. As AI agents become standard in…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include an AI Trust Slide
In this episode, Lucas and Luna explore why Series A startups are adding a dedicated 'AI trust' slide to their pitch decks. They anchor the…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Early-Stage Startups Pitch a Watermark Slide
In this episode of The Series A Show, Lucas and Luna unpack a fresh trend in early-stage pitch decks: the watermark slide. Inspired by Anthropic's recent…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include a Climate Slide
In this episode of The Series A Show, Lucas and Luna explore why climate risk is becoming a mandatory slide in Series A pitch decks by 2026. They discuss how…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include an AI Agent Budget Slide
In this episode of The Series A Show, Lucas and Luna explore a fresh trend appearing in early-stage pitch decks: the dedicated 'AI agent budget'…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Show a Data Compliance Slide
In this episode, Lucas and Luna dive into why Series A pitches in 2026 are increasingly including a data compliance slide. With recent headlines about AI…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Show a Burn Multiple Slide
In this episode of The Series A Show, Lucas and Luna explore why the burn multiple — the ratio of net burn to new ARR — has become the first financial metric…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Open With a Customer Acquisition Cost Slide
In this episode of The Series A Show, Lucas and Luna examine why Series A founders are leading their pitch decks with a customer acquisition cost slide — and…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesSeries A Due Diligence Checklist 2026
Lucas and Luna mark episode 150 by zeroing in on a topic every founder dreads: the Series A due diligence process. In 2026, it's no longer just about…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesInfrastructure Cost Is the New Series A Conversation
The Series A Show returns with an episode that digs into a topic every founder is suddenly circling: the price of running an AI-powered product. Lucas opens…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Pitch Vertical AI Agents
In this episode of The Series A Show, Lucas and Luna explore why Series A startups in August 2026 are increasingly pitching vertical AI agents — purpose-built…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include a Culture Amp Slide
In Episode 147 of The Series A Show, Lucas and Luna dive into a surprising new trend: startups are adding a 'culture amp' slide to their Series A…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Now Include an Exit Route Slide
In this episode, Lucas and Luna explore a new trend in Series A pitch decks: the exit route slide. As 2026 brings public market turbulence and liquidity…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Pitches Are Adding a Data Clean Room Slide
In this episode of The Series A Show, Lucas and Luna explore a new trend in early-stage fundraising: startups are adding a data clean room slide to their pitch…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Founders Are Using Rolling Options to Retain Talent
In this episode of The Series A Show, Lucas and Luna explore a surprising new trend in early-stage compensation: rolling options. Instead of the traditional…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Are Pitching Subscriptions for Hardware
On this episode of The Series A Show, Lucas and Luna dig into a pattern taking hold in early-stage pitches: hardware startups are increasingly framing their…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Are Pitching Content Authenticity in an Age of AI Slop
LinkedIn just added a button to report AI-generated slop. For Series A startups building content tools, that's not just a product feature — it's a…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Are Betting on AI Agent Middleware
This episode explores the emerging AI agent middleware layer, where Series A startups build platforms that let companies switch between models from OpenAI…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow the Humanoid Robot Ban Is Reshaping Series A
Episode 140 of The Series A Show examines how the US government’s July 27 ban on foreign-made humanoids, robot dogs, and solar inverters is rewriting pitch…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Agent Security Is the New Must-Have in Every Series A Pitch
In late July 2026, two blockbuster deals reshaped the cybersecurity landscape: Cyera agreed to acquire Oasis Security for $1 billion, and Spur raised $200…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy the PJM Grid Warning Is Reshaping Series A Pitches
On July 28, 2026, PJM Interconnection warned that data centers may face temporary power cuts to prevent blackouts. In this episode, Lucas and Luna explore how…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Series A Startups Pitch Multi-Model AI Resilience
Satya Nadella warned that companies trusting one AI for everything may not survive. In this episode, Lucas and Luna explore how that statement is reshaping…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy the Tesla Rout Is Rewriting Series A Term Sheets
Tesla's 18.9% drop in five days isn't just a headline for retail traders. In this episode, Lucas and Luna explore how the sell-off is forcing…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Neural Interface Startups Are Winning Series A in 2026
Brain-computer interface startups are quietly raising Series A rounds at valuations between $30M and $60M, with investors demanding signal accuracy…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Founder Houses Are Reshaping the Series A Pipeline
This episode explores the emerging trend of founder houses — co-living and co-working communities for startup founders — and how they are creating new pathways…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Headcount Efficiency Is the New Series A Metric
In this episode, Lucas and Luna explore how the recent wave of AI-related layoffs—including Monday.com's 5% cut—is reshaping Series A fundraising…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy AI Startups Are Getting Asked About Their Energy Plan
A downed power line in Virginia exposed a vulnerability that is now reshaping early-stage AI fundraising. This episode explains why energy reliability is…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Founders Are Raising Convertible Notes With Revenue-Based Caps
Episode 131 of The Series A Show digs into a specific fundraising structure gaining traction in mid-2026: convertible notes with revenue-based valuation caps…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling Revenue Shares
Lucas and Luna dig into a quieter but fast-growing funding mechanism: rolling revenue shares. Unlike SAFEs or priced rounds, these agreements let founders pay…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling SAFEs to Close Rounds Faster
In this episode of The Series A Show, Lucas and Luna explore how rolling SAFEs are reshaping early-stage fundraising in 2026. With a focus on the recent $12…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Yopes Twelve Million Dollar Raise Signals a Shift in Social
Episode 128 of The Series A Show examines Yope's $12.3 million round to build a private social network without algorithms or ads. Lucas and Luna break…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling Dividends to Retain Talent
In this episode of The Series A Show, Lucas and Luna dive into a growing trend among pre-revenue startups: issuing rolling dividends to retain key employees…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhat Startup Valuations Are Hiding in Q3 2026
Lucas and Luna dig into a hidden trend in early-stage startup valuations: how 'rolling valuation windows' are letting founders and investors anchor…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling No-Cap Notes in Mid-2026
Startups are increasingly turning to rolling no-cap notes as a flexible funding instrument in the current market. In this episode, Lucas and Luna break down…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling Dividends to Retain Talent
In this episode of The Series A Show, Lucas and Luna explore the emerging trend of rolling dividends as a retention tool for startups. With Tesla down 6.5% and…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Founders Are Giving Away 1 Percent for First Customers
Lucas and Luna break down the new customer-equity play: startups like a B2B SaaS company called Vantage Grid are offering early customers 1% equity in exchange…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Startups Use Obsidian to Beat Bloat
Lucas and Luna dig into why an increasing number of early-stage startups are choosing Obsidian, the local-first note-taking tool, over Notion for internal…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Offer Pitch Credits to Advisors
In this episode of The Series A Show, Lucas and Luna break down a new trend in early-stage fundraising: pitch credits. Instead of giving away equity or cash…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling SAFEs to Close Rounds Faster
In episode 120 of The Series A Show, Lucas and Luna explore why rolling SAFEs have become the default instrument for early-stage startups in 2026. They break…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Startups Are Issuing Rolling Dividends to Retain Talent
In Episode 119 of The Series A Show, Lucas and Luna explore a fresh compensation strategy gaining traction among pre-revenue startups: rolling dividends…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Founders Are Using Rolling Funds for Continuous Capital
Lucas and Luna dig into the rise of rolling funds in 2026, exploring why more early-stage founders are abandoning the traditional fundraise-and-close model in…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Raising Rolling Funds for Continuous Capital
In this episode of The Series A Show, Lucas and Luna explore the rise of rolling funds as a continuous capital vehicle for startups. They discuss how rolling…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Using Rolling No-Cap Notes in 2026
In this episode of The Series A Show, Lucas and Luna explore why more early-stage startups are raising pre-seed and seed rounds using rolling no-cap notes in…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Benchmarking Against Public Comps Pre-Series A
In this July 2026 episode, Lucas and Luna explore a growing trend in early-stage fundraising: startups using public market comparables, like Palantir's…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Startups Are Using Rolling No-Cap Notes in Mid-2026
In this episode of The Series A Show, Lucas and Luna dive into the mechanics of rolling no-cap notes, a fundraising instrument gaining traction among…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Giving Customers Equity for Data
In this episode of The Series A Show, Lucas and Luna explore a growing trend among early-stage startups: offering equity to customers in exchange for data…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesHow Startups Are Using Rolling No-Cap Notes in Mid-2026
It's July 2026 and the pre-seed market has shifted again. Lucas and Luna dig into the mechanics of rolling no-cap notes — the uncapped SAFE variant…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesThe Startup Playbook for Pricing Power in 2026
Lucas and Luna unpack a counterintuitive truth in today's market: many early-stage startups have more pricing power than they realize. Drawing on the…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Founders Are Offering Rolling No-Cap Notes in 2026
Episode 110 of The Series A Show digs into a quiet shift in early-stage fundraising: rolling no-cap notes. Lucas and Luna explore why founders are offering…
The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup MilestonesWhy Startups Are Giving Early Customers Board Seats
A growing number of early-stage startups are handing board seats to their first power users — not just investors. Lucas and Luna unpack the strategy behind…