A 4-PART MASTERCLASS SERIES
Foundation & Funding Rounds
What Exactly Is a Cap Table?
Day Zero
Seed
Series A & B
The scorecard of your company. From Day Zero to Series B, learn the math behind authorized shares, ESOP pools, and dilution.
7/10
COMPLEXITY
12
PAGES
When the Market Turns
Navigating Down Rounds
Anti-Dilution
Pay-to-Play
Recap
Understand broad-based weighted average vs. full ratchet anti-dilution, pay-to-play dynamics, and the mechanics of recapitalization.
9/10
COMPLEXITY
15
PAGES
Your Equity, Explained
Options, RSUs, and Taxes
ISO & NQSO
RSU
83(b) Election
A breakdown of equity types (ISO, NQSO, RSU), vesting schedules, and the critical importance of the 83(b) election.
8/10
COMPLEXITY
10
PAGES
The Exit Waterfall
The Moment of Truth
Liquidation Preferences
Conversion
The liquidation waterfall determines who gets paid and in what order. Explore case studies of hero exits and near-misses.
9/10
COMPLEXITY
14
PAGES