#8 Episode - The Immutable Math of Cap Tables

Cap Tables are Broken, but Not Because of Your Math Skills

Key Takeaways: Always ask for a pro forma cap table in every financing round. Never rely on a third party to run your cap table. Clarify any ambiguities. Misunderstandings of terms are far more common than mistakes of math. This is the second article in a four-part series on cap tables: #7 Episode—Universal Cap Tables (9/16/20) #8 Episode—The Immutable Math of Cap Tables (9/25/20) #9 Episode—Mutable Laws of VC (10/4/20) #10 Episode—The Stories Behind Cap Tables (10/13/20) Today, we offer three sample cap tables, two scenarios and one challenge you will likely face when dealing with cap…

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