Master cap tables and exit waterfalls in 4 weeks
Live masterclass for founders and venture capitalists to learn the math behind creating and analyzing cap tables and exit waterfalls.
Intro to the masterclass, by Taylor Davidson of Foresight
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.
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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.
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).
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. Contact me at hello@foresight.is or @tdavidson on Twitter.
4 live sessions + 4 office hours + downloadable tools and instructional videos
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, convertible notes, warrants)
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.
Learning is better with cohorts
Active learning, not passive watching
Four live workshops, four office hours, 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 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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Cost
$949 USD
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