Startup Warriors

Ep 47: Cap Table - Checklist for Founders

Startup Warrior

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0:00 | 5:31

In this episode, we break down everything startup founders need to know about mastering their capitalization table—your ultimate strategic tool for securing investment, retaining control, and maximizing long-term value. Drawing on insights from leading VCs, accelerator programs, and seasoned entrepreneurs, we cover the essentials: what a cap table is, why a clean one is non-negotiable for fundraising, the impact of dilution, how to strategically allocate equity, and the investor terms you must understand.

Key takeaways:

  • Treat your cap table as a living, continuously updated document—not a one-time setup.
  • Understand and model “good” vs. “bad” dilution to make smart funding decisions.
  • Plan ESOPs before fundraising to optimize ownership and investor appeal.
  • Track SAFEs and convertible notes as future equity from day one.
  • Use dedicated software and expert guidance to avoid costly mistakes.

This guide gives you the tools to transform your cap table from a messy liability into a powerful, investor-ready asset.

If you need assistance raising capital, visit startupwarriors.io/podcast.