Cap Table and Exit Waterfall Masterclass
Cap Table and Exit Waterfall Masterclass
9.1
(46 ratings)
3 Weeks
·Cohort-based Course
Live masterclass for founders, investors, and lawyers to learn the structures and math for building cap tables and exit waterfalls.
Hosted by
Taylor Davidson
I've helped over 47,000 founders and investors as Founder/CEO of Foresight.
Course overview
Master cap tables and exit waterfalls in 3 weeks
I've helped over 30k founders and venture capitalists with tools to understand how equity, convertible notes, SAFEs, and options impact their cap tables, dilution, and ownership. We'll work through examples and you'll leave with the understanding to build your own models.
The sessions 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.
Who is this course for
01
Venture Capital analysts and associates, lawyers and accountants looking to learn how to build cap table models
02
Founders raising capital who are creating and managing cap tables
03
Anyone looking to get into venture capital or startups and understand how cap tables work.
Learn how to read, understand, and create cap tables and exit waterfalls
Build a cap table from scratch
Understand the math and structures necessary to create fundraising rounds, convert notes and SAFEs, calculate proratas, and more.
Build an exit waterfall from scratch
Understand the terminologies and math involved in showing how proceeds from an exit are distributed to the owners of a business, and be able to build your own, from scratch.
Create scenario analyses around fundraising events
Be able to take a list of shareholders, rounds, share prices, and more from any cap table management software and create your own custom scenario analyses around future fundraising rounds or exits.
Understand how fundraising rounds impact cap tables
Understand how to calculate dilution and ownership over time to understand the impact of different fundraising structures (equity, notes, SAFEs). We will cover the common legal structures used in fundraising and how to understand the terms and the math they imply.
9.1
(46 ratings)
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Join an upcoming cohort
Cap Table and Exit Waterfall Masterclass
Cohort 7
$949 USD
Dates
Apr 25 - May 9, 2023
Payment Deadline
Apr 25, 2023
Meet your instructor
Taylor Davidson
Founder and Managing Director, Foresight
Taylor Davidson is the founder of Foresight, which helps entrepreneurs use financial models for business decisions.
Through his template financial models and strategic advisory services, he has helped over 35,000 entrepreneurs from 116 countries on financial planning, projections, fundraising, valuations, and business strategy.
Taylor has also worked with over 600 angel investors and venture funds on investment strategy, portfolio tracking, capital planning, and fundraising.
He created the Cap Table and Exit Waterfall Masterclass to help founders and VCs learn how to understand and build cap tables and exit waterfalls for their financing rounds.
He partnered with Chris Wattig to create Finance for Founders to help founders learn how to build an FP&A function at their companies.
Contact him at hello@foresight.is or @tdavidson on Twitter.
5 sessions + downloadable tools and instructional videos + 1 optional case study
01
How to read and create cap tables
We'll dive into details on the terminologies and structure of capitalization tables, including how to calculate share prices, use valuations, model equity fundraising rounds, issue new shares to investors, and calculate ownership percentages.
02
How to model convertibles (SAFEs and convertible notes)
We will cover how to issue convertible securities (SAFEs, convertible notes, and warrants), and how to convert them into shares, calculating share prices, valuations, and ownership percentages.
03
How to model option pools
We will cover how to model option pools, from creating, refreshing, and tracking the issuance of options through rounds.
04
How to model exit waterfalls
We will learn how to create an exit waterfall to model the distribution of proceeds to shareholders, detailing how to handle liquidity preferences, converting preferred shares to common shares, and handle the flow of proceeds to multiple classes of shareholders.
05
Wrapup and case study review
The case study is optional, but a great opportunity to apply your learnings from the class. You can work on the case along with the classes, ask questions in the community, and we will cover it in the course wrap-up and Q&A.
Course schedule
3-4 hours per week
Live Classes on Tuesdays and Thursdays
12:00 - 1:30 PM EST
Sessions are on Tuesdays and Thursdays, each session is 1.5 hours, 12 to 1:30 PM Eastern.
Cohort 7 is scheduled for April 25, 27, May 2, 4, and 9th.
If the dates do not work, consider Build a Cap Table from Scratch, a one-day workshop.
No required homework
The time commitment is manageable for busy professionals. Actionable takeaways that you can use in your businesses today.
Optional Case Study
If desired, you have the option to work through a case study, practice what we learn, and get direct feedback on your work.
Specific questions, ask anytime.
Always available for questions and support through the online community.
Join live, rewatch anytime
All sessions are recorded, so you can watch them at your own time if you can't attend
Join an upcoming cohort
Cap Table and Exit Waterfall Masterclass
Cohort 7
$949 USD
Dates
Apr 25 - May 9, 2023
Payment Deadline
Apr 25, 2023
Here's a sample from a recent workshop
This was a free workshop on modeling SAFEs, which is a small portion of modeling convertibles.
Learning together is more effective - and more fun
Active learning with hands-on tools
Four live workshops, one office hours, an optional case study, plus downloadable example tools to help you create your own cap tables to edit and use during the course.
Learn with a cohort of peers
You’ll be learning with other venture capitalists, founders, and people looking to learn how to create and understand cap tables and waterfalls.
Learn to build your own models
I've taught over 50 in-person and virtual classes around financial modeling. Learning these topics requires more than a prerecorded set of videos, this course is created to create live interaction and active review of your models so you best learn how to build your own models.
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Join an upcoming cohort
Cap Table and Exit Waterfall Masterclass
Cohort 7
$949 USD
Dates
Apr 25 - May 9, 2023
Payment Deadline
Apr 25, 2023