Equity, diligence & governance, explained.
Plain-English guides to cap tables, fundraising, data rooms, board governance and financial reporting. Written by the team that builds it. No jargon, no sales pitch, just the thing you came to understand.
What is a cap table?
What a capitalization table records, why it matters, and when a spreadsheet stops being enough.
Read the guide → FundraisingWhat is a SAFE?
Simple Agreements for Future Equity, valuation caps and discounts, and how they convert.
Read the guide → ValuationPre-money vs. post-money
The difference one phrase makes to your ownership, and the math founders most often get wrong.
Read the guide → Term sheetsLiquidation preferences, explained
How preferences decide who gets paid first at an exit, and why 1× non-participating is the norm.
Read the guide → DiligenceWhat is a data room?
What goes in a virtual data room, why a shared folder isn't enough, and how to keep control of what you share.
Read the guide → Getting readyHow to get diligence-ready
A practical checklist to keep the documents, numbers, and trail in order before the term sheet lands.
Read the guide → GovernanceWhat goes in a board package?
What to include, how to run the document side of a board meeting, and how to know who's read it.
Read the guide → ReportingFinancial reporting for startups
The core statements, the right cadence, and how to keep reporting clean without the scramble.
Read the guide → DiligenceBuy-side due diligence
What a clean room looks like from the buyer side: an organized index, gated access and documents tied to records.
Read the guide → DiligenceSell-side due diligence
Keep the room ready before a buyer asks, with a checklist, a view of what's missing and files in your Drive.
Read the guide → Getting readyDue diligence checklist
The documents investors ask for, category by category, with an HR list and a data room checklist.
Read the guide → For Trusted AdvisorsFractional CFO tools
One workspace for every client’s ledger, room and What-If, with gated, audited access.
Read the guide → Trusted AdvisorsReseller agreement for founders
Key clauses, which docs go in the data room, reconciled cap table, and customer ownership before you sign.
Read the guide → PricingData room pricing
What per-page fees cost, how the cap table, board and modeling tools are usually priced, and what to ask before you sign.
Read the guide → Getting readyHow to prepare a cap table for due diligence
Six steps so every number ties out and every line has its paperwork before diligence starts.
Read the guide → DiligenceHow to set up a due diligence data room
Eight steps from where the files live to the folder structure, per-person access and a gap check before reviewers arrive.
Read the guide →