Cap Table

A capitalization table, or cap table, is a list of your company’s equity securities, including stock, options and warrants, that identifies how many shares are outstanding and who owns those securities

Dilution

Dilution is a reduction in the ownership percentage of a share of stock caused by the issuance of new stock.

Negotiating the Venture Debt Term Sheet Blog Post

Now that you’ve decided that borrowing money is a better option than doing an equity round, how do you determine the terms of the loan? Venture debt lenders will typically…

How to Handle Changes on Your Board of Directors Blog Post

Departing Directors Board members tend to stay with companies for a relatively long time, but, like employees, sometimes it makes sense for a board member to leave.  Here is what I…

Frequently Asked Questions: Convertible Debt Blog Post

I get questions all the time from clients who haven’t raised convertible debt before. If my clients frequently ask these questions, no doubt there are scores of others who have…

Negotiating the Option Pool Blog Post

Many people think a high(er) valuation is the Holy Grail.  Those people are (often) wrong.  In pursuit of a high(er) valuation, founders often unwittingly give up valuable ownership percentage points…

Advice on Advisor Option Grants Blog Post

We often are asked by clients about common terms for stock or option grants for advisors. Advisors are typically business or technical people that lend their time and expertise to…

Primer on Convertible Debt Blog Post

Convertible debt is a structure with debt-like features, and converts into the issuer’s equity in certain circumstances. Our forms of Series Seed debt documents are available on Cooley GO Docs...