Cap table template -- Matthew M. Nordan, mnordan.com -- v.1.

0 12/17/2011

Company Name
Summary Capital Table Enter data in blue cells Don't change anything in black or gray cells!

Series A Series B Series C Series D

Share price $1.00 $1.50 $3.00 $9.00
Step-up 1.50x 2.00x 3.00x

Net shares Net shares Net shares Net shares

added this Cumulative added this Cumulative added this Cumulative added this Cumulative
round shareholding Ownership round shareholding Ownership round shareholding Ownership round shareholding Ownership

Common stock
Founder restricted stock 4,000,000 40.00% 4,000,000 26.09% 4,000,000 17.39% 4,000,000 14.06%
CEO 2,500,000 2,500,000 25.00% - 2,500,000 16.30% - 2,500,000 10.87% - 2,500,000 8.79%
Other founders 1,000,000 1,000,000 10.00% - 1,000,000 6.52% - 1,000,000 4.35% - 1,000,000 3.52%
IP license 500,000 500,000 5.00% - 500,000 3.26% - 500,000 2.17% - 500,000 1.76%
Option pool 2,000,000 20.00% 2,000,000 13.04% 3,000,000 13.04% 4,000,000 14.06%
Issued and outstanding - - 0.00% 1,000,000 1,000,000 6.52% 1,000,000 2,000,000 8.70% 1,000,000 3,000,000 10.55%
Reserved 2,000,000 2,000,000 20.00% (1,000,000) 1,000,000 6.52% - 1,000,000 4.35% - 1,000,000 3.52%
Total 6,000,000 6,000,000 60.00% - 6,000,000 39.13% 1,000,000 7,000,000 30.43% 1,000,000 8,000,000 28.13%

Investment in Cumulative Investment in Cumulative Investment in Cumulative Investment in Cumulative

Preferred stock this round shareholding Ownership this round shareholding Ownership this round shareholding Ownership this round shareholding Ownership
Investor #1 $ 2,000,000 2,000,000 20.00% $ 1,600,000 3,066,667 20.00% $ 3,333,333 4,177,778 18.16% $ 2,500,000 4,455,556 15.66%
Investor #2 $ 2,000,000 2,000,000 20.00% $ 1,600,000 3,066,667 20.00% $ 3,333,333 4,177,778 18.16% $ 2,500,000 4,455,556 15.66%
Investor #3 $ - 0 0.00% $ 4,800,000 3,200,000 20.87% $ 3,333,333 4,311,111 18.74% $ 5,000,000 4,866,667 17.11%
Investor #4 $ - 0 0.00% $ - 0 0.00% $ 10,000,000 3,333,333 14.49% $ 10,000,000 4,444,444 15.63%
Investor #5 $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ 20,000,000 2,222,222 7.81%
Total $4,000,000 4,000,000 40.00% $8,000,000 9,333,333 60.87% $20,000,000 16,000,000 69.57% $40,000,000 20,444,444 71.88%

Total allocated shares 10,000,000 100.00% 15,333,333 100.00% 23,000,000 100.00% 28,444,444 100.00%

Pre-money valuation $6,000,000 $15,000,000 $49,000,000 $216,000,000

Post-money valuation $10,000,000 $23,000,000 $69,000,000 $256,000,000