Three investors have asked about your cap table. You nodded confidently. Then you opened a spreadsheet later and realized you weren’t actually sure what they were asking for or why it mattered so much ...

Your cap table provides key information about your startup’s ownership and ensures everyone involved understands their stake in your company's future. Communicating the nuances of this important ...

Founders start a company because they have an idea they want to bring to market. As their company gains traction and matures, the way in which they manage their business needs to evolve to enable ...

I’m often asked whether employees should have access to the company’s cap table. The cap table is one of the most sensitive and critical documents in any startup. At its most basic level, it lays out ...

Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is ...

Growth doesn’t always call for bigger systems. Many startup founders discover that heavier, more expensive cap table systems create friction than clarity. As startups grow, their cap tables inevitably ...

Founders frequently underestimate the equity dilution impacts of funding rounds and employee stock option plans (ESOPs). Consider two stark examples: Eric Yuan's ownership in Zoom dwindled to 22% by ...

A company’s capitalization table, simply put, details who has what ownership within a company. That’s straightforward when the company has a single owner. But as other equityholders are introduced, it ...