Venture Center Holds Webinar on Startup Capitalization and Preserving Equity
On April 21, an online panel of experienced venture capitalists gave advice to inventors and entrepreneurs on how to assign ownership and equity in their startup companies. Specifically, they dug into the capitalization table or cap table, which is the spreadsheet that depicts ownership, equity dilution, and value of equity in each round of investment by founders, investors, and other owners.
John Stavig, Program Director, UMN Gary S. Holmes Center for Entrepreneurship provided examples of startup cap tables, and then Cathy Connett, CEO and Managing Partner of Sofia Fund, Pam York, Founding General Partner at Capita3 and former Chair of the Board at CoreBiome, and Jodi Hubler, CEO/Managing Director of Lemhi Ventures discussed the mechanics of cap tables function, and strategies and tactics for preserving equity over different stages on a company’s growth.
This seminar was presented by the Venture Center, a part of University of Minnesota Technology Commercialization, and was sponsored by Tom Brady of CliftonLarsonAllen LLP.