5 min · October 8, 2026
Read the Cap Table Before You Fall in Love
Jason and Sarah dig into why the ownership math on a company tells you more than the pitch deck ever will — and the one clause that almost cost him a deal.
Jason: So a few years back I'm looking at buying into this solar installer. Great team, great pipeline, founder's a genuinely good guy. And I'm ready to sign. Then my lawyer goes, hey, did you look at the cap table? And I said, yeah, founder owns most of it, some investors, whatever.
Sarah: Whatever. Famous last word.…
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