Fri, 14 May 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
So, who gets access to the cap table?
In general, the CEO, CFO, the board of directors, and investors with information rights get access on an ongoing basis.
Attorneys, auditors, and other financial professionals may get access to the cap table for specific projects.
Employees generally don’t get access to the full cap table.
Employees should get information about their ownership after running a fully diluted cap table.
It’s important that employees know the value of their equity, but they don’t need to know everyone else’s equity,
Employees should also know the potential for dilution from future financings.
Some companies are moving to greater transparency and may give more information about the ownership in aggregate such as how much ownership do non-executive employees have.
If one wants access to the cap table, then they should focus on joining a company at the management level such as a co-founder position.
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Music courtesy of Bensound
Fri, 14 May 2021
In this episode, Hall welcomes Francisco Jardim, Co-Founder and Managing Partner at SP Ventures.
Founded in 2007, SP Ventures is one of the most traditional Venture Capital managers in Brazil. They temporarily acquire equity interests in small or medium-sized companies with innovative technologies and a high potential for non-mid-term growth. They are an early-stage fund investing in tech-powered solutions for agriculture and food across Latam. Its mission is to guarantee the food security of the planet through a sustainable and fair agribusiness chain.
Francisco “Chico” says that working with idealistic, game-changing entrepreneurs is what gets him up in the morning. He deeply believes that entrepreneurship is the answer to humanity’s gravest challenges. He is most passionate about protecting nature while feeding a growing global population.
Chico started investing in agtech over a decade ago and has not looked back. He has led 34 deep tech venture investments and supported founders in over a dozen boards. He has also launched & sits in the credit committee of the region´s first Venture Debt Fund (BVD – Brazil Venture Debt 1).
Before starting SPV, he worked in financial services and had a rather nomadic youth. He grew up on 3 different continents and in 10 cities. Currently, he is on the board of some of the main companies that are leading the digital transformation and the new leap in productivity in the continent's agribusiness. In his spare time, Chico enjoys spending time with marine life and exploring shipwrecks.
Francisco discusses some of the biggest changes he thinks we will see in the next five years, he advises entrepreneurs and investors, and he shares his investment thesis for the agricultural sector.
Music courtesy of Bensound.