The equity operations blog.
Practical, worked-example writing on cap tables, fundraising math, and equity ops. No fluff, lots of numbers.
The SAFE-stacking trap
Four SAFEs, four caps, one nasty surprise at conversion. The worked math founders skip, and the three rules that prevent it.
FundraisingThe option pool shuffle
A 10% vs 15% pre-money pool on the same $15M post costs founders $750k, and the investor pays none of it. The math and the counters.
Equity ops10 cap table mistakes that surface in diligence
Spreadsheet drift, dead equity, unmodeled SAFEs, expired 409As: the ten mistakes diligence finds, and the fix for each.
FUNDRAISINGStartup equity in the GCC
Why US-template tools mislabel cap tables in the UAE, Saudi Arabia, Qatar, and Bahrain, what DIFC vs ADGM changes, and where convertible loans and Mudaraba fit.
FundraisingThe diligence-ready data room: build it before you need it
Deals stall on missing incorporation docs, not metrics. The 8-section structure, renewal hygiene, and the 12-item readiness checklist.
ReleaseVquity 1.18: the Data Room, rebuilt
One Add Documents flow, 111 document types, version-aware renewals, editable AI extractions, and a diligence readiness score.
PRICINGThe real cost of cap-table software
Per-stakeholder vs flat pricing modeled against a real 40-stakeholder growth curve, plus the admin hours, migration tax, and export tolls that never appear on pricing pages.
ANNOUNCEMENTPricing is live: 15 founding seats at $490/yr
Self-serve pricing is on: $990/yr or $99/mo flat per company, a real free tier, and a founding rate of $490/yr for the first 15 companies, locked while subscribed.
Move your cap table off the spreadsheet.
Shareholders to SAFEs, option grants to exit modeling. One platform, priced by the company and not the head, on web and desktop.
All modules included · No per-stakeholder pricing · Explore a seeded sample company in one click