Is Your Lack of Cap Table Mastery Sabotaging Your VC Ambitions or Fundraising Success?

  • For Aspiring VCs

    Dreaming of a VC career but dreading the technical modeling tests? Worried you lack the hands-on proof VCs demand before they'll even consider you? Is this skills gap the only thing standing between you and your dream job?

  • For Founders

    Ready to build your vision but intimidated by the complex financial scrutiny of sophisticated VCs? Unsure how SAFEs, dilution, and waterfalls truly impact your ownership, potentially costing you dearly at the negotiating table and millions down the line?

  • For Everyone

    Is the fear of a critical calculation error preventing you from projecting confidence and expertise when it matters most – in the interview room or the investor pitch?

The Proforma Cap Table Masterclass

Your Bridge to VC Job Offers & Confident Fundraising

  • Master VC-Grade Financial Modeling: -> Build the complex, accurate models VCs expect, proving your skills to potential employers or investors.

  • Decode SAFEs, Notes & Conversions: -> Gain the ability to confidently analyze and negotiate any early-stage term sheet, armed with precise ownership calculations vital for VCs and founders.

  • Conquer Anti-Dilution & Waterfalls: -> Develop the skill to precisely model and explain complex anti-dilution and waterfall scenarios, essential for acing interviews and analyzing returns.

  • Model Proforma Scenarios Flawlessly: -> Clearly visualize and model the impact of future funding rounds or exits, empowering strategic decision-making when investing or fundraising.

  • Fundraising Fluent: Speak the language of VCs and negotiate effectively.

  • Scenario Strategist: Confidently analyze future financial outcomes.

Course curriculum

    1. Welcome & Mastering the VC Math Mindset (Why precision matters)

    2. Before we begin...

    3. Course Structure, Excel Resources, and How to Succeed

    1. Lesson 1.1: What is a Capitalization Table? Core Purpose & Key Stakeholders (Founders, Investors, Employees)

    2. Lesson 1.2: Why Cap Tables Are Non-Negotiable

    3. Lesson 1.3: Essential Terminology Part 1: Common Stock, Preferred Stock, Authorized vs. Issued vs. Outstanding Shares

    4. Lesson 1.4: Essential Terminology Part 2: Options, Warrants, Fully Diluted Shares, Price Per Share

    1. Lesson 2.0: Designing Your VC-Quality Excel Template: Best Practices for Structure & Clarity

    2. Lesson 2.1: Step-by-Step: Modeling Initial Founder Shares & Common Stock Issuances

    3. Lesson 2.3: Incorporating the Employee Stock Option Pool (ESOP): Creation & Initial Allocation

    4. Lesson 2.4: Modeling Stock Option Grants: Vesting Schedules & Tracking (Granted, Vested, Exercised, Forfeited)

    5. Lesson 2.5: Calculating Ownership on a Fully Diluted Basis (Pre-Investment)

    1. Lesson 3.0: Introduction to Proforma Cap Tables: Modeling the Future

    2. Lesson 3.1: Pre-Money vs. Post-Money Valuation: The Core Concepts & Calculation

    3. Lesson 3.2: Anatomy of a Priced Round: Calculating New Shares Issued (The Formula Explained)

    4. Lesson 3.3: Step-by-Step Excel Model: Incorporating a Seed/Series A Round

    5. Lesson 3.4: Calculating Post-Financing Ownership & Understanding Dilution Impact on All Stakeholders

    6. Lesson 3.5: The Option Pool Shuffle: Modeling Pre-Money vs. Post-Money ESOP Increases (Crucial Detail!)

    7. Lesson 3.6: Modeling Multiple Priced Rounds Sequentially

    1. Lesson 4.0: Introduction to SAFEs: Key Features & Common Variations (Pre-Money vs. Post-Money SAFEs)

    2. Lesson 4.1: Decoding SAFE Terms: Valuation Cap, Discount Rate, MFN Clauses

    3. Lesson 4.2: Step-by-Step Excel Model: SAFE Conversion Triggered by Valuation Cap

    4. Lesson 4.3: Step-by-Step Excel Model: SAFE Conversion Triggered by Discount Rate

    5. Lesson 4.4: Step-by-Step Excel Model: Handling SAFEs with Both Cap & Discount (Investor Choice)

    6. Lesson 4.5: Calculating Shares Issued from SAFE Conversions & Proforma Impact

    7. Lesson 4.6: Modeling Multiple SAFEs Converting Simultaneously (Stacking Rank & Complexity)

    1. Lesson 5.0: Introduction to Convertible Notes: How They Differ from SAFEs

    2. Lesson 5.1: Key Terms: Interest Rate, Maturity Date, Valuation Cap, Discount Rate

    3. Lesson 5.2: Step-by-Step Excel Model: Calculating Accrued Interest & Principal at Conversion

    4. Lesson 5.3: Step-by-Step Excel Model: Note Conversion with Cap, Discount & Accrued Interest

    5. Lesson 5.4: Calculating Shares Issued from Note Conversions & Proforma Impact

    6. Lesson 5.5: Handling Note Conversion at Maturity vs. Qualified Financing Round

    7. Lesson 5.6: Comparing SAFE vs. Note Impact Side-by-Side on the Proforma Cap Table

About this course

  • $199.00
  • 65 lessons
  • 3.5 hours of video content

Discover your potential, starting today

Enroll today