Hunter Walker

AUGUST 8, 2023

” What are my major assumptions for why there’s more markdowns to come in the aggregate for the last decade of venture portfolios? The reality is lots of companies – many of them quite promising – have already undergone, or will be facing, next financings which “clean up” old cap tables.

Portfolio 103

Portfolio Cap Table LP Valuation 103

VC Adventure

AUGUST 15, 2018

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

VC Adventure

MAY 10, 2020

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500. The program sparked confusion from the start. Exactly what this means isn’t clear.

SBA 79

SBA Affiliate Los Angeles Cap Table 79

David Teten

DECEMBER 3, 2019

645 Ventures released a cap table simulator to help level the playing field. Carta , Captable.io , Certent , EquityEffect , and ShareWorks by Morgan Stanley track private company cap tables. . Capital has built a free online tool for founders to calculate their cost of capital. 9) Accelerate portfolio company value. .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

SEPTEMBER 23, 2017

Advances in machine learning, specifically natural language processing, have made generating these baseline, aggregate datasets possible, at scale, with high accuracy. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables. Most of our companies will need to raise further rounds.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

View from Seed

DECEMBER 11, 2019

However, as we’ve seen from recent salient stories , these can be ephemeral and don’t end up mattering in the end… they’re really just approximations based on the market for buying a piece of a company’s cap table, not buying the whole thing or making it public. VC performance signal-to-noise-ratio is low.

Venture Capital 204

Venture Capital Cap Table Partner LP 204

David Teten

DECEMBER 12, 2017

We understand that from a GP perspective, pulling data from different sources, aggregating and standardising them is one of the biggest pain points in their reporting process. Amongst the software tools used to streamline their reporting process, Carta is the most popular tool for tracking private company cap tables.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60