Article · 15 min

What is a cap table?

Pulley · pulley.com Free Beginner

A plain guide to what a cap table tracks, how to read one, spreadsheet versus software, how it differs from a balance sheet, and common mistakes founders make.

  • Keep issued shares and fully diluted ownership as separate columns.
  • Update the cap table the day anything is issued, not at year end.
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The question it answers

  1. What is a cap table, and how do I keep one?

Read with it

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