Cap tables have very important implications for raising funds and returns to investors and founders. Understanding Cap Tables helps attendees wade through the confusion in a half-day, case-study focused workshop. Topics covered include:
1. What are cap tables?
2. How to build a starting cap table
3. Using excel/templates for cap tables
4. What happens to the cap table each time another round of funding is raised?
5. Valuation calculations
6. Using term sheets
7. Implications of different types of notes and down rounds
8. Understanding the exit 'waterfall' (liquidity sequence)
9. Types of liquidation preferences and anti-dilution provisions
10. Other scenarios that impact the cap table (e.g., founder departure)
11. Legal and tax issues
Attendees will walk away having practiced the math involved in cap tables and what to do in many different scenarios, making them better prepared for reading or helping create/modify cap tables in the future. This course was developed by ARI instructor, Matt Dunbar.
The Angel Resource Institute has delivered over 400 courses throughout the United States and in almost twenty (20) other countries. ARI believes that education is fundamental to securing a successful early-stage investment. Understanding the fundamentals of how to execute early-stage investment deals, from the perspectives of entrepreneurs and investors, is the key to increasing investment returns, growing successful companies and creating jobs. Our team of experienced instructors have built and sold companies, invested in multiple startups, participate on boards, and each has successfully launched angel funds. Let our team help your ecosystem better understand what it takes to develop a strong entrepreneurial environment.
ARI develops custom entrepreneurial education programs for governments, economic development organizations, and accelerators throughout the world. Send us an RFP or simply use one or more of our current programs. All ARI programs include best-in-class research via our Halo Report™ data program.
ARI has multiple courses designed for beginners to expert-level investors and entrepreneurs. Each course is ARI instructor led or ARI can train you to deliver courses.
ARI has delivered more than 400 courses across 38 states and 18 countries for angel groups, economic development organizations, and government initiatives to encourage early-stage investments and deal flow.
ARI is continuously collecting data from Angel investors, groups, and entrepreneurs on early-stage and startup deals in order to provide better metrics.
View the latest Halo Report™ and find out what trends will impact your current and future funding rounds.