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David Spreng

David Spreng

Fortune

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Unicorns are flush with cash and stuck. A new kind of startup crisis is taking hold in 2026

For a decade, the biggest challenge for high-growth startups was raising capital. Now, for many unicorns, the cap table itself has become the trap.

20.03.2026 10

Fortune

David Spreng

Private credit: what critics miss and what founders need to know

The critiques of private credit too often focus on headlines and hypotheticals, rather than on structure, incentives, and outcomes.

17.10.2025 10

Fortune

David Spreng