A cap table is a document that defines the company's ownership structure; it is where investors are listed, shares are assigned, and ownership percentages are calculated. The purpose of this article is to outline the basic structure of a well-maintained cap table.
You might think you’re fundraising, but what you’re actually doing is throwing a pool party. Venture funding dynamics in the Seed Phase have evolved differently than venture capital at Series A and beyond. A Seed fund would almost never take the whole round, even if it could.