How to Build and Read a Startup Capitalisation Table

How to Build and Read a Startup Capitalisation Table

Startup ownership often begins simply. Two founders create a company, issue shares to themselves, and perhaps reserve some equity for future employees. Then the company starts raising money, granting options, signing SAFEs, and bringing new investors onto the cap table. Suddenly, figuring out who owns what becomes much more complicated. A startup capitalisation table, usually … Read more

How Equity Ownership Changes During Startup Funding Rounds

How Equity Ownership Changes During Startup Funding Rounds

When founders start a company, the ownership structure often looks wonderfully simple. Two founders might own 50% each, or a solo founder may initially control almost the entire business. Then fundraising begins. New investors receive shares, employees get stock options, SAFEs convert into equity, and additional financing rounds introduce new shareholders. Before long, a founder … Read more