How do Cap Tables 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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When life hits a wall, or you receive some great news, your first call will obviously be to your family, friend, or partner. I just want to earn the right to be your second call.

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