29 August 2023
Cap tables and why many early-stage startups mess them up
Ram Shoham
A cap table, or capitalisation table, is a spreadsheet that details the equity ownership in a startup. Understanding a startup’s cap table is not just essential for startup founders but also very important for investors, employees and other stakeholders. Despite its significance, it is surprising how many early-stage startups tend to mess this up, leading to potential complications.