Live masterclass for founders and venture capitalists to learn the math behind creating and analyzing cap tables and exit waterfalls.
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.
Founders raising capital who are creating and managing cap tables
Venture Capital analysts and associates, lawyers and accountants looking to learn how to build cap table models
Anyone looking to get into venture capital or startups and understand how cap tables work.
Understand the math and structures necessary to create fundraising rounds, convert notes and SAFEs, calculate proratas, and more.
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.
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 to calculate dilution and ownership over time to understand the impact of different fundraising structures (equity, notes, SAFEs).
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 email@example.com or @tdavidson on Twitter.
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.
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.
We will cover how to model option pools, from creating, refreshing, and tracking the issuance of options through rounds.
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.
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.
You’ll be learning with other venture capitalists, founders, and people looking to learn how to create and understand cap tables and waterfalls.
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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