Maintaining a clean, accurate cap table for an operating company is difficult, and especially difficult in Excel. But when you want to understand how a capitalization table works and forecast how rounds of financing impact ownership, valuation, dilution, and exit proceeds, a spreadsheet can be great.
This template is contained in all of the startup financial model templates, but it’s also available on its own for free. Please note once you’re running a company, I highly suggest checking out an online cap table management platform, including eShares, Captable, Visible, Capshare and others.
As a former VC, mentor, advisor, and a consultant, I’ve built hundreds of cap tables for entrepreneurs to show how the mechanics of fundraising rounds work, and how funding decisions impact the future of their businesses. I built this to help entrepreneurs make critical fundraising decisions. More about me here.
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In 5 free lessons I share what I’ve learned from helping more than 23,000 early-stage entrepreneurs from over 116 countries learn financial modeling.
