Cap Table

How do Cap Table’s work?

This is not the most technical explanation, but it is the best way I have seen to more quickly understand what is happening behind the math:

Cap Tables Explained Without Math

An introduction to startup cap tables covering concepts like founder splits, reverse vesting, dilution, SAFEs and convertibles, the ESOP, preferred shares, liquidation preferences, and the exit waterfall. All without math or spreadsheets.

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