High level principles about cap tables

I’ve seen a lot of cap tables as an investor — there has been a spectrum! The worst I’ve seen is when founders have received some terrible advice, they haven’t done their homework to think about the future or they’ve been pushed into a corner to make some decisions.

Unfortunately there have been times when the cap table is in such a state it is very difficult to continue due diligence and therefore you’re unable to invest as a result.

So here are some high level principles to think about when setting up your cap table and thinking about…