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Cap Table & Equity

Cap table

Also: Capitalisation table

The ledger of who owns what — every shareholder, their share class and their percentage.

Why it matters

Keep it clean from day one; a messy or unfair cap table scares off the very investors you'll need later.

Hear it from people who've done it

Get the real-world version of "Cap table" drawn from hundreds of conversations with founders and investors.

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Episodes on Fundraising

She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)

Perspective X with Pauline Fetaui · 19 June 2026

She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)
Taryn Pieterse of Rampersand — How a VC backs early-stage founders

Investment Thesis with Kali Norman · 12 June 2026

Taryn Pieterse of Rampersand — How a VC backs early-stage founders
Episode Five: Dan Coughlan's Investment Thesis

Investment Thesis with Kali Norman · 29 May 2026

Episode Five: Dan Coughlan's Investment Thesis
All Fundraising episodes →
Related terms

Dilution

The drop in your ownership percentage each time the company issues new shares.

Fully diluted

The share count assuming every option, SAFE and convertible has been exercised and converted.

Option pool / ESOP

Equity set aside to grant to employees as options, usually 10–15% of the company.

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