> Giving the acquirer the cap table early on seems to go against the advice I've seen
The cap table tells a story about the company. For starters it identifies the decisionmakers. More importantly, a hairy complex cap table says an acquisition process may be difficult and unpredictable. A straightforward cap table is like a well maintained roof on a house. It doesn't prove that the rest of the company is in order, but its highly correlated
Start by sending a summary cap table of major holders with the breakdown among classes of stock
The cap table tells a story about the company. For starters it identifies the decisionmakers. More importantly, a hairy complex cap table says an acquisition process may be difficult and unpredictable. A straightforward cap table is like a well maintained roof on a house. It doesn't prove that the rest of the company is in order, but its highly correlated
Start by sending a summary cap table of major holders with the breakdown among classes of stock