cap table

“You look at the cap table when somebody comes to you and you say, okay, well, we're going to have to do another raise. And if we do another raise, we're going to dilute by this much roughly, right? And if we do dilute by this much roughly, how much do we then …”

“One bad apple on your cap table can really spoil or even ruin the company.”

“The best scalable way I've seen to leverage your cap table is sending out, whether it's monthly or quarterly updates, and putting your explicit top two or three asks at the beginning of that email.”

“A friend of mine has a theory that any decision or any investment can be whittled down to like One single most important question. And for me in venture capital, that's like, will great entrepreneurs consider working with us? You know, there are lots of good p…”

“I like to see as much money on the cap table in the hands of active investors as possible. And when a lot of the money is in the hands of passive investors, it's very hard.”

“And like the way that we talk about it internally is don't make the cap table a risk to your business, right? Build a business the old fashioned way, raise smaller amounts of money, right? More frequently that are more milestone based. Where, when you raise a …”

“If you have a multi-stage firm on your cap table that can lead your next round, and a new multi-stage firm shows up to explore your next round, very rarely are they like, will you get the answer from the other firm?”

“I think it's important to acknowledge that most of the time you don't have a choice.”

“When a company is a wild success and you don't see us in the cap table, Chances are at some point we screwed it up.”

“If you're not one of the key players, the minute you move away from the cap table to, you know, making it up as you go along, if you're not one of the key players, you're very vulnerable to, you know, you're basically, Depending on the kindness of strangers, a…”