A pro-forma capitalization table is a spreadsheet that reflects the capitalization structure of a company today as well as immediately following a potential investment (i.e. on a “pro forma ...

I’m often asked whether employees should have access to the company’s cap table.  The cap table is one of the most sensitive and critical documents ...

Kluender, Raymond, Anke Becker, and Johnson Elugbadebo. "ELCA's Series A Cap Table Exercise (Student Version)." Harvard Business School Spreadsheet Supplement 824-713, March 2024.