What the cap table shows
A cap table records who owns or may receive company equity, the instruments that created those positions, and how financing events changed ownership over time.
How Eqdeal organizes it
- Rounds group related financing activity.
- Contracts record the terms agreed with founders, investors, or option participants.
- Issuances create permanent issued ownership records.
- Secondary transactions transfer existing ownership without creating new shares.
- Simulations show possible outcomes without representing finalized history.
Read totals carefully
Issued, reserved, treasury, authorized, and fully diluted figures answer different questions. Confirm which basis a percentage uses before comparing ownership.
Reconcile a position
- Select the effective date and ownership basis you intend to review.
- Trace the stakeholder position to its contracts and recorded transactions.
- Separate issued shares from reserves, options, and other projected positions.
- Confirm that company totals reconcile across stakeholders and share classes.
Use history for explanations
When a current position differs from an earlier report, review the event timeline rather than adjusting the present total directly. Funding rounds, conversions, exercises, cancellations, and secondary transfers should explain the movement.