Wed, 19 May 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
It’s important to manage your cap table as you go. Fixing it later will cost you time and money.
Here are some key points for managing your cap table:
Consider setting up your cap table with a provider that keeps track of all transactions in one place.
Founders should take ownership of the cap table and make sure it includes all transactions.
Create an options plan to provide an incentive to employees. This will reduce your need to use cash for compensation.
Keep the cap table up-to-date with the current share price and ownership stakes.
Include all transactions including stock sales and options exercised so you are up to date.
Track the vesting schedules and update the cap table with these as well.
Include all convertible notes, warrants, and restricted stock at the time of issue so you don’t lose track of them.
Keep a fully diluted version of the cap table as well.
Keep all documents such as subscription agreements, options offerings, and convertible notes in one place.
Don’t delay in fixing the cap table, but fix it as you go.
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Music courtesy of Bensound
Wed, 19 May 2021
In this episode, Hall welcomes Filipe R. Portela, Managing Partner at COREangels Impact.
COREangels Impact makes angel investing professional and global, improving outcomes while contributing and enjoying the journey. They are a pre-seed impact investment fund focused on European social & environmental impact projects. COREangels is a network of people who are passionate about helping entrepreneurs launching innovative businesses by professionally investing as a business angel. They are available to accept higher risks and help founders add value and they put in the initial funding and go with promoters to create attractive startups to reach new heights.
Filipe has been an entrepreneur for the last 20 years in the IT, health, and impact sectors. He has also been an investor for the last 10 years directly and indirectly via platforms and investment vehicles.
Previously, Filipe worked with European Innovation Council (EIC) as the Senior Investor Relations Manager connecting the top 5% of startups and scaleups (from a €2B portfolio) with top investors and was the South European Director for Seedrs, the leader European equity-crowdfunding platform (+800 startups funded with +€750M).
He graduated from the University of Porto (MBA & MSc in Medical Informatics) and is an avid sci-fi fan, investor in alternative assets, and a professional impossible dreamer.
Filipe discusses the state of angel investing, what excites him right now, and some of the challenges investors and startups face.
Music courtesy of Bensound.