Cap Table Model
Model your cap table through Seed, Series A, and Series B rounds with option pool expansion, liquidation preferences, and exit waterfall analysis at multiple valuations.
Overview
What is a Cap Table?
A Cap Table (capitalization table) tracks equity ownership in a company through funding rounds. It models how each round of investment — Seed, Series A, Series B — dilutes existing shareholders, and how different exit scenarios distribute proceeds through the liquidation waterfall.
Founders use cap tables to understand dilution before fundraising. VCs use them to model returns at different exit valuations. VC-track students use them to understand startup economics and practice for interviews.
Features
What you get with this model
Seed, Series A, and Series B round modeling
Option pool expansion and employee equity
Liquidation preference waterfalls
Exit analysis at multiple valuations
Ownership percentage tracking across rounds
Use cases
How to use this model
Fundraising prep: model dilution before your next round
VC interview: understand how liquidation preferences work
Class project: analyze a startup's equity structure
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