Young Batchelor

With the recent wave of law firms adopting a pro forma document from their current format to their prospective clients, many questions are being asked about the pro forma cap table. Why is this important? Well, a great many transactions are now going through the review and signing phase, which can take several days if not longer. Therefore, it’s…[Read more]

Cap table math is a big subject and deserves a lot of attention. But unfortunately, most people know very little about it. So before we start with the cap table guide, let me explain how cap table math works. The first thing you should note is that the less you care about a cap table, the greater the chaos (or “entropy”) creeps into your trading.…[Read more]

A convertible note cap table is a device which allows for valuation of convertible note holders. It also helps the founders in understanding their rights, especially if it comes to selling the convertible note into another company or entity. The valuation is done by means of a large table, and it is the duty of the convertible note founder to…[Read more]