Taylor Davidson

Cohort 6

Cohort 7

Cohort 11

Cohort 5

Cohort 8

Cohort 10

Cohort 3

Cohort 1

Cohort 4

Nov 16

Dec 2022

Jan 2023

Feb 2023

2023

Cohort 12

Cohort 9

Cohort 13

Cohort 2

Today more than ever, it's important to know how fundraising structures impact ownership and dilution as valuations change. Download (Microsoft Excel or Google Sheets) three of the fourteen mini-cases we use in the <a href="https://maven.com/tdavidson/captable-masterclass/" rel="noopener noreferrer" target="_blank">Cap Table and Exit Waterfall Masterclass</a> to learn cap table math, including how to model equity raises, convertible notes and SAFEs, anti-dilution, option pools, and more. Each case contains answer keys and videos that explain the important calculations. Questions, <a href="https://foresight.is/contact/" rel="noopener noreferrer" target="_blank">contact me</a> anytime.

3 free mini-cases for learning cap tables (with answer keys)

Today more than ever, it's important to know how fundraising structures impact ownership and dilution as valuations change. Download three of the fourteen mini-cases we use in <a href="https://maven.com/tdavidson/cap-table-workshop/" rel="noopener noreferrer" target="_blank">Build a Cap Table from Scratch</a> and the <a href="https://maven.com/tdavidson/captable-masterclass/" rel="noopener noreferrer" target="_blank">Cap Table and Exit Waterfall Masterclass</a> to learn cap table math, including how to model equity raises, convertible notes and SAFEs, anti-dilution, option pools, and more.

2 hour workshop for founders, VCs, and lawyers to build a cap table for a startup, modeling equity, SAFEs, convertible notes, and options.

Founder and Managing Director, Foresight

Build a Cap Table from Scratch

Law Professor 

Hybrid masterclass for founders, investors, and lawyers to learn the structures and math for building cap tables and exit waterfalls.

Cap Table and Exit Waterfall Masterclass

COO PARTNER

Hybrid course for angels, syndicate leads, and venture investors to learn how to model venture funds.

How to Model Venture Funds

General Partner

Partner

Founder/GP

Investment Manager

Managing Partner

Today more than ever, it's important to know how fundraising structures impact ownership and dilution as valuations change, but the terminology and structures can often be confusing and opaque even to people experienced in finance. Even if you are working with experienced investors, lawyers, and founders, knowing the fundamentals of how venture financing structures work can save you from costly misunderstandings and errors. I've helped over 35,000 founders, venture capitalists, and lawyers from around the world with tools and classes to understand how equity, convertible notes, SAFEs, and tokens impact their cap tables, dilution, and ownership. We'll build a cap table using examples of equity, SAFEs, convertible notes and options and you'll leave with a model you can use. The workshop is two hours long and can be joined live or watched on your own time. All students will receive the slides, the example spreadsheet, the case study, and the recording of the full workshop, and all of the materials can be downloaded for viewing on your own time. The content in this course covers a portion of the material from the comprehensive Cap Table and Exit Waterfall Masterclass, a 4.6 star (out of 5) rated class from the 300+ students that have joined the thirteen cohorts over the last two+ years. No advanced preparation is required, a basic knowledge of venture capital is recommended.

Build a cap table you can use

Course syllabus

Modeling a cap table from start to finish in two hours, with Q&amp;A, live over Zoom. Immediate access to slides, spreadsheets, background readings, and a class recording.

Tuesday, June 18th

We'll build a model live, and you'll leave with a model you can use and the knowledge to build your own from scratch. Practical exercises for you to apply what you learn in class. <a href="https://maven.com/p/0f7c03" rel="noopener noreferrer" target="_blank">Download an example of the exercises here</a>.

Bite-sized, practical exercises

Structured to be manageable for busy professionals with actionable takeaways that you can use at work today.

No required homework or prereading

The workshop will be recorded, so you can watch again if you have to miss a section, or just want a refresh on the material.

Join live, watch anytime

Workshop Details

Venture Capital analysts and associates, lawyers and accountants looking to learn how to build cap table models

Founders, CFOs, Controllers, VPs of Finance, and finance executives raising capital who are creating and managing cap tables

Anyone looking to get into venture capital or startups and understand how cap tables work.

Who this course is for

Learn how to read, understand, and create cap tables

Build an example cap table to show you how to calculate the key aspects of cap tables, including price per share, share counts, ownership percentages, and how raising capital dilutes shareholders.

Understand how to calculate share counts, share prices, ownership, and dilution

How common and preferred equity are modeled on cap tables, and why founders and investors care about different share classes.

Model common and preferred equity

Build a cap table showing how to issue SAFEs and convertible notes, how to calculate the number of shares to issue and share prices at conversion in equity financings, and what terms to care about when negotiating these instruments.

Learn how to issue and convert SAFEs and convertible notes

How to create new option pools and expand existing option pools through equity fundraising events, how options dilute existing shareholders, and what to look for when negotiating option pools and valuation.

Learn how to create and expand option pools

Understand how to model typical anti-dilution structures to deal with down rounds

Model down rounds

Understand how to change the parameters for fundraising rounds to see the impact on ownership, dilution, and share value.

Scenario plan fundraising rounds

Gain an introductory knowledge of how the key terms of these financing structures impact shareholder incentives

Understand the hidden incentives behind term sheet structures

How down rounds impact cap tables

Founder and CEO, Foresight

Nearly 20% of venture rounds were down rounds in 2023, but the impact to shareholders can vary based on the terms.

Understand how down rounds impact founders and investors.

We'll cut through the jargon to understand what terms to look for and how the terms impact shareholders.

Learn the key dilution-related terms in term sheets

Anti-dilution calculations can appear to be really complicated. We'll unpack the black box behind down round math.

Taylor Davidson

Taylor Davidson

Courses

Lightning Lessons

Resources

Reviews