Ownership records
- Cap table
- The structured record of stakeholders, instruments, issued positions, reserves, and ownership percentages for one company.
- Stakeholder
- A person or legal entity represented in the company’s ownership structure. A stakeholder is not automatically an Eqdeal user or company representative.
- Authorized shares
- The maximum shares represented for a class or company under the configured structure. Authorization does not mean the shares have been issued.
- Issued shares
- Shares that have passed through an issuance event and now form part of recorded ownership history.
- Reserve
- An economic position represented before or instead of issued shares, depending on the instrument and its state.
Funding and value
- Pre-money valuation
- The company value immediately before the new financing represented by a round or applicable contract.
- Post-money valuation
- The value after including the financing amount under the applicable calculation assumptions.
- Dilution
- The reduction of an existing position’s ownership percentage when the ownership basis increases. The underlying number of existing shares does not necessarily change.
- Fully diluted
- A projected ownership basis that includes configured unissued or convertible positions according to the selected view and assumptions.
- Secondary transaction
- A transfer of an existing position between parties. It changes who owns the position but must not be treated as new company financing.
Workflow terms
A draft can still be incomplete. A reviewed record has been checked but is not necessarily issued. Issuance creates recorded ownership history and can lock related workflows while processing. Simulation is a scenario and must not be presented as finalized ownership.
Use the displayed basis
Whenever you quote an ownership percentage, identify whether the view is issued, projected, or fully diluted and name the effective date. Percentages without a basis are easy to misinterpret.