Cap Table & Equity

Business Revolution includes integrated cap table management for tracking equity ownership, stock classes, vesting schedules, and performing waterfall analysis.

Features

• Stock Classes: Define Common, Preferred, Options, SAFEs, and Convertible Notes
• Equity Ledger: Track all equity transactions (grants, exercises, transfers)
• Vesting Schedules: 4-year cliff, monthly, and custom vesting
• Waterfall Analysis: Model exit scenarios and distribution
• 409A Valuations: Track fair market value history
• Round Modeling: Simulate funding rounds with dilution impact

API Endpoints

Stock Classes

GET    /api/v1/agent/founder/finance/stock-classes
POST   /api/v1/agent/founder/finance/stock-classes
PUT    /api/v1/agent/founder/finance/stock-classes/{id}
DELETE /api/v1/agent/founder/finance/stock-classes/{id}

Cap Table Entries

GET    /api/v1/agent/founder/finance/cap-table
POST   /api/v1/agent/founder/finance/cap-table/entries
PUT    /api/v1/agent/founder/finance/cap-table/entries/{id}

Waterfall Analysis

POST /api/v1/agent/founder/finance/cap-table/waterfall

Request Body:

{
  "exit_value": 50000000,
  "liquidation_preferences": true,
  "participation": false
}

Response:

{
  "total_distribution": 50000000,
  "stakeholders": [
    {
      "name": "Series A Preferred",
      "shares": 2000000,
      "ownership_pct": 20.0,
      "distribution": 12000000,
      "multiple": 2.4
    },
    {
      "name": "Common Stock",
      "shares": 8000000,
      "ownership_pct": 80.0,
      "distribution": 38000000,
      "per_share": 4.75
    }
  ]
}

Spanner Tables

Table	Purpose
stock_classes	Stock class definitions (type, authorized shares, price)
cap_table_entries	Individual equity grants and transactions
corporate_entities	Legal entity structure

Pluto Agent Integration

The Pluto (Finance) Pantheon agent can answer cap table questions:

User: "What's our current equity breakdown?"
Pluto: "Current cap table: 80% common (founders), 15% Series A preferred,
        5% employee option pool. Fully diluted: 10M shares outstanding."

User: "Model a $50M exit"
Pluto: [Runs waterfall analysis, returns distribution breakdown]