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Cap tables, SAFEs & diligence — explained.
Plain-English guides to the equity concepts founders and operators run into — written by the team that builds the platform. No jargon, no sales pitch, just the thing you came to understand.
Fundamentals
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 → 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 → ValuationPre-money vs. post-money
The difference one phrase makes to your ownership — and the math founders most often get wrong.
Read the guide →