Cap tables are typically attached as an exhibit ... win-win terms by having the right discussions with startups. For example, first and foremost, you want to determine if you paying too high ...

However, cap tables can also be complex and technical ... Anticipate questions—for example, regarding dilution or converted notes or SAFEs and other technical areas. - Brian Lindstrom, HealthX ...

For example, rather than sharing the full cap table, companies can create streamlined reports highlighting key metrics such as total shares outstanding, employee ownership percentages and vesting ...

Kluender, Raymond, Anke Becker, and Johnson Elugbadebo. "ELCA's Series A Cap Table Exercise (Student Version)." Harvard Business School Spreadsheet Supplement 824-713, March 2024.