In the first two articles, we covered the big picture — how money moves into a company, what you're giving away when you take it, and the documents that govern that exchange. We talked briefly about SAFEs, term sheets, valuation, dilution, and option pools — we'll cover each in detail in the articles ahead. But we kept saying things like "at your first round" or "when a VC comes in" without stopping to explain: when does any of this actually happen? What does the sequence loo