ScaleSignals
Ben Botes | GP & 4x FounderWhere private capital is opening and closing, and what an active GP would do about it. By Ben Botes, GP and four-time founder.
| Platform |  | Pricing | Freemium | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 111 | Founded | a year ago | Last Issue | 12 days ago |
| Active | |||||
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scalesignals.substack.comLatest Issues
The Round That Makes Your Next Raise Harder
A founder receives two investment offers. Both put £2 million into the business, but one values the company at £8 million before the investment and the other at £6 million. Under the first offer, the new investor owns 20%. Under the second,...
Your Data Room Contains Three Different Companies
Your deck, financial model and supporting documents can each be accurate—and still tell an investor different stories.
Ben Botes · ScaleSignals · Sunday, 11 October 2026
Where Capital Is Opening Up — October 2026
A scored read of where private capital actually moved in September, and the gap between what LPs committed and what borrowers received.
A scored read of where private capital actually moved in September, and the gap between what LPs commit...
The Data Room Test Founders Don't Know They're Taking
After this, you'll be able to name the four places your own numbers disagree with each other before an investor finds them.
Every data room holds two companies: the one on the slides, and the one in the spreadsheets.
When the Funding Market Recovers Without You
Capital can return to the market before it becomes available to your company. The danger is letting the headline set your spending plan.
Ben Botes · ScaleSignals · 20 September 2026
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The edge that gets you to the right yes, faster. Ben Botes — active GP and four-time exited founder on how capital really moves and the calls founders get wrong.
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