Next Wave Partners

The Simple Agreement for Future Equity with Repurchase explained. Lifecycle, key terms, termination scenarios and the open-source template.

The page argues that venture capital is concentrated among a few firms and proposes an alternative model.

Essays, whitepapers and annual letters from Next Wave partners on the Safer, venture markets and the long arc of AI.

Seed-to-Series A conversion has collapsed to 9%. The staged VC model is broken. Here's the alternative capital architecture founders need for 2026.

The $15T autonomous systems market needs AI paradigms that transformers can't deliver. Four paradigm shifts and a practical framework for investors.

Fund Advisory for venture capital funds investing with the Safer, and buy-side and sell-side M&A Advisory for privately held companies. Next Wave is not a registered broker-dealer.

The Next Wave Venture Studio builds alongside deep tech founders, from idea to a company with a real product, a real market, an IP portfolio and durable fundamentals, financed with the Safer so founders keep control.

Next Wave Partners describes its founding team, origins, and mission.

Next Wave builds new ventures with established companies, pairing corporate expertise, customers and IP with research, embedded operators and hands-on product and company building.

How accredited investors can take part in the Next Wave thesis through Fund I or deal by deal through the Next Wave Investor Network.

The Next Wave Investor Network (NWIN) is a deal-by-deal membership for accredited investors with research, quarterly briefings and a first look at thesis-aligned SPVs. Founding-year membership is complimentary.

Next Wave Partners invites founders, investors, and readers to start a conversation.

Next Wave Partners builds deep tech companies with technical founders, embeds experienced operators and finances the build with the open-source Safer.

Next Wave Partners builds deep tech companies with technical founders, embeds experienced operators and finances the build with the open-source Safer.

Next Wave Partners publishes research for informational purposes, not as investment advice or a securities solicitation.