A practical workshop on cap tables, what they are, why they matter, and how they evolve as you raise capital and issue equity. Hands-on format with AI-assisted modeling.
4.8(75)28+ sessions delivered550+ students taught
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Cap tables look simple until they aren't. You raise a round, convert a SAFE, issue an option pool, and suddenly the math isn't adding up and you're not sure where the ownership actually landed.
AI makes this worse before it makes it better. It will explain conversions clearly and then quietly hand you wrong share counts, with reasoning that sounds right. The fix isn't avoiding AI, it's knowing the mechanics well enough to catch it.
This workshop is built around that. Taught by Taylor Davidson, it breaks down what a cap table is, why it matters, and how it changes as companies raise capital, issue equity, and make key ownership decisions. It works a real case end to end, from first principles, covering the structures, the math, and where AI fits in (and where it doesn't).
You can get it two ways. Buy the recording and you have the full session plus every slide and worksheet immediately. The workshop also runs live on a recurring basis, and your purchase includes a seat at every future live session, so you can watch now and join a live run later to ask questions on your own cap table. Whether you're building a startup, advising one, or want a clearer grasp of ownership mechanics, you'll come away with a stronger understanding of cap tables, a sharper sense of how to work with them efficiently, and the judgment to use AI on this work without getting burned.
The workshop builds a real Series A cap table from first principles, working one case study end to end, from the existing shareholders through a closed round. Along the way:
Founders building companies, advisors working with them, and anyone who needs to understand the mechanics of ownership and capitalization. No prior modeling experience required.
Stronger comprehension of cap table mechanics, a repeatable approach for thinking through rounds and conversions, and a clearer sense of when to DIY versus when to bring in help.
Practice exercises and 1-on-1 review sessions are available to anyone who has the workshop and wants to apply what they learned to their own cap table.
New workshops, model updates, and occasional AI tips. Low volume.
Ratings and reviews come from the Cap Table and Exit Waterfall Course and Masterclass, earlier versions of this course hosted via Gumroad and Maven.
Reviews come from the Cap Table and Exit Waterfall Course and Masterclass, earlier versions of this course hosted via Gumroad and Maven.
“Very useful, gives clear ideas on key concepts, specially for VCs that are so worried on how a new round affects exit values etc. and clear instructions on how an exit waterfall works. Fantastic models people can use to build own models in real life work.”
“A lot of material was covered during the time allotted. I thought the major concepts were well-explained and the materials supported the lecture.”
“Great class! Great instructor! You will leave this course feeling confident in cap table modeling and exit waterfall analysis from the very simple to the more complex scenarios. Taylor teaches you the concepts that make modeling easy. Highly recommend.”
“Great course for Cap Table 101. Taylor covered all the important concepts and explained them very well. Learned a lot - thank you!”
“Liked the way theory and practice were presented. Taylor really walked us through a lot of scenarios, and was clear in his explanations and always open to questions.”
Register on luma.com
Can't make it live?