Are you hoping to one day sell your company for millions of dollars – maybe even someday soon? So you whip out your cap table to look at your shares and percent ownership. But wait! The numbers aren’t adding up. So you start looking for old documents to see where the discrepancy started, but where are they?! All of a sudden, a quick look turned into a timely process and you’re doomed to the headache of digging up all the old data and searching cap tables for discrepancies.
Don’t wait until it’s too late! SmartCap offers a quick and easy way for you to organize your documents for each round of financing. By adding “details” to each round you can quickly and easily access underlying agreements and term sheets.
When adding or editing Classes and Securities simply add the necessary attachments and your details will be available to view and review whenever you want.
If you need to add option grant documents for individuals, you can do this at the Equity Holder level virtually eliminating the issue of the option grant not matching the shares in the cap table.
You are able to view all documents associated with a deal by clicking on the details for that class, or you can expand your view and see individual’s documents.
Not only is this a great organizational tool, but it also allows you to reconcile documents and information at each round of financing, removing any question of whether or not you’re building on an accurate foundation.
Need help reconciling your documents and cap tables? DocDep will do it for you with our Cap Table Audit service!
A new look deserves a celebration and in our case a blog. As part of the kick-off of the new website, Document Depository Corporation (DDC) is also launching its first ever blog, the Sounding Board. As the name suggests, this is a place to share information about issues facing businesses today and to find strategies for becoming more successful. Regardless of a company’s size, from start-up to multi-million dollar corporation, every business wants to succeed. DDC is part of that solution, finding ways to help you organize, communicate, and prepare for what your future holds, and the information you’ll find on our blog is just one way we can help point you in the right direction.
We have some great topics coming up, including lessons learned from a web redesign and 10 reasons to get your important documents out of your email folders. Along the way we’ll also share the story behind DDC and some words of wisdom from our CEO, Farid Naib, who is himself an experienced entrepreneur, investor, and board member. Stay tuned! Good stuff is in store.