Referring to the episode title, a Cap Table (Capitalization Table) is a table that provides an analysis of the founders' and investors' percentage of ownership, equity dilution, and value of equity in each round of investment. Richard finishes his Peter Gregory presentation and arrives at the bank with his $200,000 check, but he can’t deposit it because, as it turns out, Pied Piper isn’t a registered corporation. Big Head warns Richard of Hooli’s plan to use the Pied Piper prototype to build a competitor algorithm call Nucleus. Richard decides, however, that Big Head can stay, but only just after it’s too late: Gavin Belson offered Big Head a promotion and more money, in retaliation because Richard took Jared. Big Head says he’s leaving the Valley because there’s nothing for him to do on Pied Piper. Gilfoyle keeps going on about the pointlessness of Big Head, who overhears what he says a couple of times.īig Head goes missing, and Richard finds him in San Jose with Mochachino. Gilfoyle does system architecture, networking and security Dinesh writes code, especially in Java and Big Head agrees with Jared that he’s a master of nothing specific, sort of a jack of all trades. Jared conducts interviews with Gilfoyle, Dinesh, and Big Head about their roles in the company. Afterward, Erlich tells Richard he needs to learn to be a “complete asshole” in order to figure out the company’s direction.Īt the Hacker Hostel, Richard calls Jared for help with the business plan - a move that doesn’t please Erlich at all. Richard assumed he was just picking up a $200,000 check, but Peter tells him to come back in 48 hours with an air-tight business plan, strategy, and three-year P&L. He asks for the cap table, investment deck, business plan, and other relevant paperwork, but Richard is empty-handed. Richard and Erlich meet with Peter Gregory, who expects the guys to present their business plan. Mochachino spends most of her time with Big Head, who seems uncomfortable with the situation. 
Richard wants to give Jared a chance, but Erlich kicks him out just before introducing a stripper, Mochachino, in celebration of their new business. If so, you can enable the sharing toggle, at which point your data has to be sent to a server (so it can then be shared).Jared shows up at the Hacker Hostel bearing a bottle of champagne and congratulations for Richard - he’s inspired by Richard’s ability to say “no” to the $10 million his boss Gavin Belson offered for Pied Piper. That said, sometimes you want to compare notes with colleagues, advisors, board members, etc. A cap table documents the formal share ownership- that is, who the shareholders or members of the company are and how many shares they own.
If a down round is triggered (startups are hard & this happens sometimes), what the broad-based weighted-average anti-dilution protection looks like for all previous equity & noteholdersĮveryone, including me, is sensitive about their cap tables, so by default the data you create is kept on your local machine only and not sent to any server. Commonly referred to as a ‘cap table’, a capitalisation table is a detailed record of who owns what for a company.Understanding if your notes convert uncapped, at cap, or discount.Automagically calculating everyone’s ownership stakes at every round.
You can layer as many rounds as you’d like, with one or multiple investors per round.
The cap table simulator in action What does it do?
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