Master cap tables and exit waterfalls in 3 weeks

Live masterclass for founders and venture capitalists to learn the math behind creating and analyzing cap tables and exit waterfalls.

Taylor Davidson

with

Taylor Davidson

I've helped over 35k founders and investors as Founder/CEO of Foresight.

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Cap tables are confusing. I've helped over 20k founders and venture capitalists with tools to understand how equity, convertible notes, SAFEs, and tokens impact their cap tables, dilution, and ownership. Join the masterclass to learn the terms, math, and important insights.

See what people are saying

        As a startup coach and repeat entrepreneur myself, I spend a lot of time in spreadsheets. The Foresight tools that I've used are easy to understand, modify, and, perhaps most importantly, the formulas are correct! Beyond the actual spreadsheets, Taylor is a wealth of knowledge and an incredibly quick communicator.
Brian Howe
Brian Howe
CEO, Format Health
        Taylor was extremely helpful and provided a service that far exceeded our expectations. The model was very well structured and I was able to modify it to my needs. Taylor helped me along the way to make sure I understood the model well. We had great feedback from investors ..
Hiren Umradia
Hiren Umradia
CEO, Zess
        Taylor's classes, videos and resources were very helpful as I further navigate cap tables. My understanding of dilution and waterfall modeling has greatly improved as a result of his class. Taylor was quick to respond to questions and provide updated resources based on class responses / questions. I would highly recommend this class.
Cohort 1 participant
Cohort 1 participant
        I really like the step-by-step templates to help understand how the maths work in building out cap tables and scenarios.
Cohort 1 participant
Cohort 1 participant
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Cap Table and Exit Waterfall Masterclass for Founders and VCs

Who is this course for

01

Founders raising capital who are creating and managing cap tables

02

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

03

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

Heavy on the math

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).

Meet your instructor

Taylor Davidson
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. Contact me at hello@foresight.is or @tdavidson on Twitter.

7 live sessions + downloadable tools and instructional videos

01

Intro to cap tables

We'll dive into details on the terminologies and structure of capitalization tables, how they are typically used, and what you'll need to know before we start doing the math behind cap tables.

02

How to model equity and convertible rounds

We'll cover how to model fundraising rounds using equity and convertible structures (notes, premoney SAFEs, postmoney SAFEs), covering how the issuance of new shares (via equity rounds) and new and converted capital (convertibles) impact capitalization tables, dilution of existing shareholders, share prices, and more.

03

How to model option pools

We'll cover how to model premoney and postmoney option pools, including how to issue new options, track their conversion to shares, and increase pool sizes on funding rounds.

04

How to calculate proratas

We'll expand on the math behind fundraising rounds to cover proratas, what they mean, and how to model them in your cap tables.

05

How to model exit waterfalls

We'll learn how to create an exit waterfall to model the distribution of proceeds to shareholders and calculate returns based on a number of situations.

06

How to model crypto tokens and distributions

We'll cover investments in crypto companies, how the structures vary from previous standards, how to model token distributions and the differences in structure and thinking.

07

Cap table management tools

Once you understand how to build and analyze cap tables, we'll cover popular options for managing your cap tables, from spreadsheets to comprehensive web services.

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Cap Table and Exit Waterfall Masterclass for Founders and VCs

Learning is better with cohorts

Learning is better with cohorts
Active learning, not passive watching

Seven live workshops 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.

Actionable projects and personal help

I've taught over 40 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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Be the first to know about upcoming cohorts

Cap Table and Exit Waterfall Masterclass for Founders and VCs