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Introducing the Cap Table and Hiring the CTO

Feld Thoughts

As Finance Fridays continues, we are introducing the concept of the Cap Table. Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. This week they set out to create their cap table and hire a CTO. Time to update the cap table.

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New Meetup on Building Tech Tools for Private Equity+VC Investors

David Teten

As one of the lead engineers at ff Venture Capital , I spend most of my day building custom software solutions that enhance our firm’s process–tools that range from portfolio investment management to co-investor and cap table tracking and more. We posted on our site a more in-depth overview of ff’s Tech Platform.

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Textio’s Founder Kieran Snyder on the Two Advantages Startups Have in AI (While Remaining Skeptical Of The Funding Gold Rush)

Hunter Walker

“Admirer from outside of the cap table” is how I approached Kieran Snyder , Cofounder of Textio. It’s also not an accident that, upon stepping back from being Textio’s CEO, I’ve built a sizable exec coaching practice working largely with early stage founders. Why does this happen?

Cofounder 132
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How Many Angels is the Right Amount for a Startup to Have?

Both Sides of the Table

I save room in literally every deal to invite angels (or seed funds) to co-invest with me. Another founder … “When I pitched the idea to Adam, he was super on board,” Mr. Sloyan said. If anything it felt like a public service to founders to me. I simply want founders to be educated on the topic to be helpful.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

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Praise Our Lord For Secondary Markets, Because Selling Shares Is Now an Essential Part of (Seed) Venture Capital

Hunter Walker

Soon I’ll have spent more time on cap tables than org charts. The alignment gap between investors *starts* at the Series A, meaning earlier preferred investors cannot assume their interests are always aligned with the rest of the cap table. We hold until the founders and company exit.

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You have a great idea! Now what? [guest post]

VC Cafe

Know your industry’s standards and keep a controlled cap table. In the eleventh hour of the due diligence process, we discovered a one-page agreement between a company founder (before incorporation) and a consultant, promising the latter 5% of the company’s capital. Think of the shares in your company as your currency.