{"id":1107,"date":"2026-04-14T12:29:50","date_gmt":"2026-04-14T15:29:50","guid":{"rendered":"https:\/\/montreal.ventures\/?post_type=glospa-glossary&#038;p=1107"},"modified":"2026-04-14T12:29:50","modified_gmt":"2026-04-14T15:29:50","slug":"cap-table","status":"publish","type":"glospa-glossary","link":"https:\/\/montreal.ventures\/en\/glossary\/cap-table\/","title":{"rendered":"Cap Table"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A Cap Table is a detailed record, usually organized in a spreadsheet, that describes a startup's ownership structure. It lists all equity holders by name (founders, angel investors, VC funds, and employees with stock options) and their respective percentage stakes, the number of shares held, and the price paid for them. A healthy Cap Table is one that shows a balanced distribution, where founders still own sufficient stakes to remain motivated but with room for new investors. This document is updated with each new funding round or whenever new shares are issued, serving as the official source of truth about who owns the business.<\/span><\/p>\n<p><b>Practical Example:<\/b><span style=\"font-weight: 400;\"> A Cap Table da \u201cStartup X\u201d mostra que os dois fundadores possuem 40% cada, um fundo de investimento anjo possui 10% e os 10% restantes est\u00e3o reservados em um pool de op\u00e7\u00f5es para funcion\u00e1rios (ESOP). Ao negociar uma nova rodada Series A, o novo investidor analisar\u00e1 esta tabela para entender como sua entrada ir\u00e1 diluir os atuais acionistas e se os fundadores ainda possuem controle acion\u00e1rio relevante.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Read the book <\/span><i><span style=\"font-weight: 400;\">The Founder's Dilemmas<\/span><\/i><span style=\"font-weight: 400;\">, by Noam Wasserman.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>A Cap Table \u00e9 um registro detalhado, geralmente organizado em planilha, que descreve a estrutura de propriedade da startup. Ela lista nominalmente [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1108,"template":"","glospa-glossary-category":[],"class_list":["post-1107","glospa-glossary","type-glospa-glossary","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/glospa-glossary\/1107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/glospa-glossary"}],"about":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/types\/glospa-glossary"}],"author":[{"embeddable":true,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/users\/3"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/media\/1108"}],"wp:attachment":[{"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/media?parent=1107"}],"wp:term":[{"taxonomy":"glospa-glossary-category","embeddable":true,"href":"https:\/\/montreal.ventures\/en\/wp-json\/wp\/v2\/glospa-glossary-category?post=1107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}