Valuation and Cap Table Stage

Complete a focused intervention that advances Valuation and Cap Table Stage. The objective is to remove ambiguity around ownership, option pool, advisors, investors and dilution scenarios, give the founder a decision-ready output, and make it clear whether the venture should progress, repeat the task with stronger evidence, escalate to expert support, or move into a linked stage.

Bertie or a programme manager assigns Valuation and Cap Table Stage when the venture needs a decision-ready output for this group. Typical triggers include group-gate reviews, evidence gaps identified by the co-pilot or founder request.

venture thesis; customer evidence; product roadmap; financial assumptions; current funding objective; specific context for ownership, option pool, advisors, investors and dilution scenarios.

1. 1Clarify Scope and Objectives for Cap Table Stageexpand_more

   Establish the precise boundary of your equity modelling exercise to align founders, advisors, and prospective investors on current and future ownership structures. Define whether this intervention serves an upcoming priced round, an SEIS/EIS advance assurance application, or an unpriced convertible instrument.

   Objective

   Clarifying the task purpose aligns all participants on the exact strategic milestone this cap table and valuation exercise must unlock. This prevents wasted effort on irrelevant dilution scenarios and ensures the output directly serves your immediate fundraising mechanics.

   What's expected

   Deliver a clear scope document stating the funding mechanism, target raise amount, and specific equity milestones required for this stage. Detail the key stakeholders involved and articulate the exact decision this exercise must enable.

   Consultant stress-test · 5 questions

   1. 1.What specific funding milestone or regulatory application is driving the timing of this valuation exercise?
   2. 2.Why have you chosen this particular investment instrument over convertible alternatives at your current stage of maturity?
   3. 3.How do your co-founders' expectations of control and equity retention align with the strategic goals of this task?
   4. 4.What explicit feedback from prospective investors or advisors necessitated this cap table review?
   5. 5.How will this specific exercise prevent key equity misunderstandings during your upcoming due diligence process?

   Open action arrow_forward
2. 2Map Ownership Option Pools and Dilution Scenariosexpand_more
3. 3Audit and Gather Primary Equity Inputsexpand_more
4. 4Construct Core Valuation and Cap Table Artefactexpand_more
5. 5Review Cap Table Integrity and Evidence Strengthexpand_more
6. 6Update Data Room Assets and Next Stepsexpand_more

• A data-room asset titled Valuation and Cap Table Stage
• A clear task output, updated venture DNA and recommended next action
• It should update the venture DNA with specific evidence or decisions about ownership, option pool, advisors, investors and dilution scenarios, create a visible milestone in the founder journey, and generate one or more recommended next tasks

A mentor or evaluator can review the output at the group gate. Programme managers can require an advisor checkpoint before Bertie moves the venture forward.

Draft your output and let Bertie review it