Cap table starter
A first cap table: founders, option pool, and the SAFEs waiting to convert.
Spreadsheet
Templates
Valuation and dilution
How pre-money and post-money valuation work, and where ownership actually goes when a round closes.
Templates
Valuation narrative worksheet
Write the case for your number before an investor asks for it, in the terms they actually weigh.
Copyable template
Dilution scenario comparison
Put several raise-and-cap combinations side by side and see the ownership each one leaves you.
Spreadsheet
The reading for this topic
Valuation and dilution in the learning library
The articles these templates are drawn from, and the thinking behind the choices each one asks you to make.
From the publication
Read The Raise Memo
A note for founders raising capital—what investors notice, how conviction gets built, and what to do next.
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