Episode 4: The Cap (capitalization) Table

In this episode, we’ll dive into the capitalization table, the spreadsheet that tells the full story of your startup.What you’ll learn from this Venture Deals book summary episode: ​What a cap table is and why it’s the ultimate scoreboard for your company.​How convertible debt, like notes and SAFEs, can make ownership messy and why founders need to track it early.​How equity splits and dilution work across funding rounds, with simple examples showing how founder stakes change.​Why transparency in your cap table is important to impress future investors and avoid deal-killing surprises.Whether you’re raising your first round or preparing for later-stage funding, this episode shows how to keep your ownership clear, protect your stake, and make your company attractive to investors.