Presenting the Open Cap Table Union
If this coalition gets all the relationships right, doesn’t get greedy and understands that there is a social good component here, this could be as impactful as the SAFE was. An important part of great start-up health is to constantly have a clean and updated cap table. Cap tables are near and dear to me as somebody who has actually recommended hundreds of start-ups over the past two decades as the creator of an accelerator, an endeavor partner and a senior consultant at a government-funded start-up launchpad. From the time a startup produces a cap table, it’s prone to inaccuracy, friction and errors. What’s the real inspiration of seven law companies, which together saw revenue of over $10 billion in 2020 to work together on an open cap table item for start-ups? …
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