Venture Deals · glossary
The company’s own record of who holds which shares. It alone decides who is a shareholder. Cap tables and share certificates are only evidence of it. Cap Table Record · Chapter 2
Explained in Chapter 2, Founding a Company, of Venture Deals.
The main page for this term is Register of members, in Shareholders' Agreements.
The cap table is not the legal record. That is the register of members, which the company must keep by law. When the two disagree, the register wins. A cap table is often out of date, so always check it against the register.Read Chapter 1, What Venture Money Buys →
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