Feld Thoughts

SEPTEMBER 2, 2011

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.

Cap Table 133

Cap Table CTO Hire Technical Cofounder Cofounder 133

Altgate

DECEMBER 15, 2010

It is a pretty narrow filter of the 750+ companies that completed the 2010 CompStudy survey, but there are 55 rounds of financing to look at…enough to be a meaningful dataset I think. This chart shows that adding additional founders to the team is in fact dilutive, but also that the more founders the more dilutive.

Pre-Money Valuation 66

Pre-Money Valuation Valuation Cofounder Founder 66

David Teten

JANUARY 19, 2021

Our categorization is not a technical one. This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

www.inc.com

SEPTEMBER 24, 2011

Finance | Tuesdays. Advisor. ); STARTUP. Financing a Small Business. Financing A Small Business. Personal Finance. Before Roving Software could receive its first round of financing from professional investors, in early 1999, he had to put all the stock arrangements in writing. Innovation | Fridays.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

K9 Ventures

MAY 6, 2015

However, it is also important to realize that bringing on a co-founder is often the single most dilutive event for a founder (almost often worth it, but still true). This could very well be a friend, a spouse, a significant other, a mentor, an advisor, and in rare cases an investor.

Cofounder 48

Cofounder Founder Silicon Valley Technical Cofounder 48