If you're building a company the trick to growing or even finding PMF is to think of capital as an abundant resource that can come from anywhere and everywhere. You can "raise" revenue or debt or public funds.
HOWEVER, if you are raising equity based capital (i.e. investment), the best way to manage documents, people and data is through a Cap Table Management platform. ✨
(What's a "Cap Table' anyway? Think of a cap table the source of truth of WHO owns WHAT percentage of your company and on WHICH terms. 💰 As founders continue raising, it becomes more paramount to have a clear, well-managed and accessible cap table.
Benefits of Having a Cap Table:
1. Transparency 🔍:
A cap table brings clarity to the ownership structure of your startup.
2. Investor Relations 🤝:
When you're courting potential investors, having a tidy cap table shows competency and makes negotiations smoother.
3. Scenario Planning 🧠:
Wondering what happens if your best friend from high school co-founder decides to run off to join the circus? A cap table helps you simulate different scenarios, so you're always one step ahead.
4. Compliance 📜:
Stay on the right side of the law! A well-maintained cap table ensures you're compliant with financial regulations, saving you from any nasty snares.
5. Future Readiness 💸:
As your startup grows, so does the need for quick raises. A cap table management platform ensures you're always ready for the next round of investments.
Ready to get started? Check out these cap table platforms:
A well-managed cap table creates trust. At the end of the day, that is what all founders are after; the speed of trust. 🌟✨
