Up and Running

JULY 2, 2014

We shared all of this with our attorney before she helped us write our Operating Agreement (OA), so we assumed we were in good hands. This should be clearly spelled out in your Capitalization Table , or “Cap Table” as it’s commonly called. Can they create and advise on a Capitalization Table?

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Startup Professionals Musings

AUGUST 29, 2018

Startups are not required to have a formal Board of Directors, and can’t afford to implement many of the financial and operational controls required of public companies. Investors from the crowd have no opportunity to look at financial, operational, or management details before making a final investment decision.

Equity 180

Equity Due Diligence Angel Groups Liquidity Event 180

David Teten

NOVEMBER 17, 2011

Enter Raul: This capital table startup options valuation model was created with the purpose of valuing options for an illiquid, early-stage start-up. Projections were based on dozens of operational assumptions related to pricing, production, marketing spend, etc. In banking, a lot of my time was spent on modeling cash flows.

Employee 155

Employee IRR Startup Mexico 155

Business Plan Blog

DECEMBER 26, 2013

A capitalization table showing the post-investment ownership structure of the business to include founders, option pool and investors in the current round. Both parties will need legal representation, but the angel group should now operate as one with a single legal adviser. Rights and restrictions of shareholders.

Angel Investor 51

Angel Investor Due Diligence Pre-Money Valuation Angel Groups 51

Up and Running

JULY 14, 2015

They never worked with startups who needed to put together private placement memos for investors, capitalization tables and all of those things. Bigger than that was we had an operating agreement that had a non dilution clause for him and I don’t want to get into the weeds of that.

Incubator 60

Incubator Email Startup Oregon 60

abovethecrowd.com

APRIL 20, 2016

The reason these terms can produce returns by themselves is that they set the stage for a rejiggering of the capitalization table at some point in the future. The reason we are all in this mess is because of the excessive amounts of capital that have poured into the VC-backed startup market. This is uncharted territory.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40