Is your cap table investor-ready?
Investors don’t need your cap table to be complicated. They need to understand it quickly. Before a funding round, that means more than having a spreadsheet with the latest share numbers. Your ownership structure should be clear, the supporting documents should match, and anything that could change future ownership should be easy to identify. If […]
How to audit your cap table before your next funding round
A funding round can move quickly once investors are aligned. Your cap table needs to be ready before the deal reaches that stage. Small discrepancies in shareholder records, option pools, convertible instruments or ownership percentages can create bigger problems during diligence. The spreadsheet is rarely the real issue. What matters is whether the numbers accurately […]
How to simplify your cap table when you’re fundraising
Raising capital is a pivotal moment until your cap table turns into a web of chaotic spreadsheets. Between angels, syndicates, and rolling SAFEs, it’s easy to lose control. That’s where Special Purpose Vehicles (SPVs) come in. SPVs help you simplify cap table management, offering a smarter way to streamline ownership, keep your equity structure clean […]
Why Every Cap Table Will Include an SPV in the Future
By 2030, you can expect nearly every startup’s cap table to feature at least one SPV, and that’s a major win for founders and investors alike. Cap tables are evolving. Carta reports that SPV formation rose 116% from 2019 to 2024, driven by a wave of early-stage vehicles under $5 million. As startups scale and […]
Master Cap Tables: Essential Guide for Investors & Founders
In the dynamic world of startups and venture capital, understanding cap tables is crucial for both entrepreneurs and investors. A cap table, short for capitalisation table, serves as a comprehensive record of a company’s equity ownership structure. It details who owns shares in the company, the different types of shares issued, and the respective ownership percentages. […]
Streamlining Cap Tables and Why it’s Important
A well-maintained cap table, or capitalization table, is a critical asset for any company, providing a comprehensive overview of the ownership structure and equity distribution. However, as a company evolves and undergoes various funding rounds and ownership changes, the cap table can become increasingly complex, leading to challenges in management and transparency. In this article, […]
A guide to fundraising instruments for startups
Startups require adequate capital to fuel their growth and bring their innovative ideas to life. To secure funding, entrepreneurs have access to a range of instruments, each offering unique advantages and considerations. In this article, we will explore various fundraising instruments that startups can utilise to raise funds, including equity, debt, SAFE notes, convertible notes, […]
Why Venture Capitalists Dislike Messy Cap Tables in Startups
When venture capitalists (VCs) evaluate startups for potential investment, one critical factor they consider is the cap table, or capitalisation table. A cap table outlines the ownership structure of a company, including equity ownership, shareholders, and various classes of shares. VCs generally have a strong aversion to messy cap tables, which can create complexities, legal […]