Cap table calculations

As you enter data into your cap table, you'll notice that we're automatically calculating a few things on your behalf. This is to both save you time, and to maintain the accuracy of your data as cap tables can get pretty complex.

All calculations are loaded on a fully diluted basis. This assumes that whomever has the right to purchase shares (such as an option holder) will do so, and their ownership percentage reflects this assumption. You can also filter out unvested shares and specific security types, or view your data at a different point in time.


This left-most column contains each shareholder's summation of shares across all securities. As this is a fully diluted view, the corresponding percentages for each row are simply:

% = shares / total outstanding shares

Every column to the right of the shareholder column is a security. Each shareholder who has shares listed in a security column will have that number included in their total in the ownership column. There are six security types currently in our cap table: equity, debt, convertible debt, options, warrants and safes.


You'll notice an actions tab in the right rail of your securities and transactions themselves, each containing a series of common actions that will save you time.

Split is listed only on securities, and will introduce a dialog box where you can enter the split ratio. Splitting a security will run the split over the entire company. A split entry will then appear in the rail for each transaction, showing the initial entry and the split entry to maintain history.

Convert is available on convertible debt, which introduces a flow to convert debt based on either: 

  1. Valuation: uses the valuation of the destination security, and calculates the total interest rate if applicable in the conversion value to determine the effective price-per-share.
  2. Price-per-share: uses the price you enter as the ultimate price-per-share in the conversion.

Transfer will move change ownership of a transaction from it's existing holder to another shareholder on the cap table.

Unissued Shares

The option security type has a  total authorized field that, if completed, will list the number of unissued shares as a row at the bottom of the cap table with an (unissued) label. This accounts for shares that represent an unallocated percentage of your business in a fully diluted view, though they don't currently belong to anyone.