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Asheville Angels: Understanding Capitalization Tables

Please RSVP to this event by visiting the event page here

Date: Thursday, October 22nd from 1:00-5:00pm.

Location: Asheville Area Chamber of Commerce (36 Montford Avenue, Asheville, NC 28801)

Content: Entrepreneurs face many challenges when raising capital for their startup ventures. One crucial, but sometimes overlooked, detail is the impact of new funding on the company’s capital structure. Whether funding comes as equity or debt, the savvy entrepreneur needs to understand how it will impact the ultimate outcome for all shareholders – so the founder needs to develop a deep understanding for the mathematics of capitalization tables. Likewise, early stage investors need to be fluent in the structures of cap tables to understand the impact on their potential returns from current and future rounds of funding.

The AA Cap Table Workshop offers entrepreneurs and investors alike a practical education in understanding the details of cap tables through the lifecycle of a startup venture. The Workshop will include a combination of presentations, exercises and a case study to illustrate common cap table mathematics a startup and its investors must consider. Among the important topics to be illuminated are the impacts of: valuation, liquidation preferences, anti-dilution terms, convertible notes, and option pools & vesting.

The seminar is hosted by Josh Dorfman (Managing Director of Asheville Angels) and run by Matt Dunbar (Managing Director of Greenville's Upstate Carolina Angel Network and Board member of the Angel Capital Association.