Cap table management tracks ownership across all stakeholders over multiple rounds. A clean cap table is essential for fundraising, ESOP grants, and exit scenarios. Tools like Carta, Pulley, or even a well-maintained spreadsheet work.
Key Takeaways
- Track ownership precisely from Day 1.
- Each round dilutes everyone equally (pro-rata).
- Lead founder typically retains 25-40% after Series A.
- ESOP pool dilutes founders — include it in your planning.