Cap Table Workshop

What this session is about

CCap 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. Join Taylor Davidson for a focused, hands-on session that 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. We'll work through a real case end to end, from first principles, covering the structures, the math, and where AI fits in (and where it doesn't). Whether you're building a startup, advising one, or just want a clearer grasp of ownership mechanics, you'll leave 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.

What will be covered

• What a cap table is and why it matters
• How cap tables evolve through rounds: equity, SAFEs, convertible notes, option pools
• Ownership, dilution, and what changes with each instrument
• Where AI helps and where human judgment still matters

Who this is for

Founders building companies, advisors working with them, and anyone who needs to understand the mechanics of ownership and capitalization. No prior modeling experience required.

What you'll walk away with

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.

Follow-up

Practice exercises and 1-on-1 review sessions available after the workshop for participants who want to apply what they learned to their own cap table.

Related

• Cap Table & Exit Waterfall, the flagship spreadsheet for modeling cap tables and exit waterfalls
• Docs: Customize, guides for modeling equity rounds, convertibles, options, and waterfalls
• Cap table audit, if you need a review of a human or AI-built cap table before you trust it