







Revenue-based financing (also known as royalty financing[1] or royalty-based financing[2]) is a type of financial capital provided to growing businesses in which investors inject capital (sometimes called an advance) into a business in return for a fixed percentage of ongoing gross revenues (called royalties), with payment increases and decreases based on business revenues, typically measured as monthly revenue.[1][3]
Capital Stack | Real Estate Investment Structure
Capital Stack is the structure of financing sources used to fund a real estate investment, such as a commercial property acquisition.

Sidecar funds, corporate vehicles, club deals: how do startup studios get financed?
As explained in The Rise of Startup Studios, a white paper published by The Global Startup Studio Network in 2019, the term “startup…

Vendor Financing
Vendor financing refers to the lending of money by a vendor to a customer, who then uses the money to buy the vendor’s inventory or service.

Denizen / Post-Growth Economics (Deep Dive)
Rather than money accumulating into fewer private hands, not-for-profit businesses loop their profits back into the economy. Rather than money going into someone’s bank account, it comes back into the system. This is not the same as a non-profit, which may not have a business model. These are businesses that make a profit but do not extract that capital but rather circulate it

Revenue Models (2026): 19 Different Ways to Make Money [B2B & B2C] - Gust de Backer
So many different revenue models... But, which one fits your business? Over the past few decades, many new revenue models have proven to be profitable. That's why I'm going to show you 16 different revenue models so you can evaluate if there might be a better way to monetize the value you deliver to your customer. Let's start... What is…

Growth Equity Primer | Fund Investment Strategy
Growth Equity is an investment strategy oriented around acquiring minority stakes in late-stage, high-growth companies with expansion upside.

Financial Modeling for Startups: An Introduction | Fivecast Financial
Founders and executives of new companies, particularly those seeking to raise capital, will inevitably be confronted with the prospect of building a financial model. The goal of this guide is to give you an idea of what a financial model is, why you might want one, and how to go about building one.

SparkToro Raised a Very Unusual Round of Funding & We're Open-Sourcing Our Docs - SparkToro
The Short Version Our new company, SparkToro, LLC has just completed a $1.3mm angel financing. And, because we think our structure might be right for many

Company as a Commons
What if excess wealth derived from business couldn't be privatized? Through the levers of steward-ownership, companies can protect their purpose-oriented long term mission from the maligned incentives of absentee stakeholders.

"Greedflation" and the Profits Equation
The assumption behind the "greedflation" thesis is that companies are choosing to squeeze volumes because they care more about unit margins than total profits. There are other possibilities.

Attestation-Based Funding
Continuous capital allocation triggered by verified community support thresholds.
Unpacking the Mechanics of Conduit Debt Financing
Understanding the pass-through financing model behind the AI infrastructure boom

Here's the updated "Funding Models Are Not Binary" slide from my Feature/Product/Business talk #ATmosphereConf. Turns out there are even more great examples already in the Atmosphere!

Company as a Commons

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Let's Talk Money - Interlinked

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The future is low-tech: lessons from the early 2000s ft. Jésabel DC | Config 2026

The Real Reason that Substack is Collapsing