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The Cap Table Mirage

The Cap Table Mirage

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Step into The Cap Table Mirage, an audiobook designed to uncover the hidden risks and rewards in startup cap tables. Presented by Angels Beacon from The Brutally Honest Angel, this episode introduces the Value Leak Map, a practical tool for investors to protect their stakes and make informed decisions.


In this audiobook, you’ll learn about:


- Cap Table Influence: Discover how cap tables reveal more than just ownership, exposing power dynamics and decision-making control.

- Understanding Dilution: Learn how dilution quietly erodes your stake and the protective measures that can safeguard your investments.

- Spotting Silent Shareholders: Recognize the outsized influence of small stakeholders and how to manage their impact effectively.

- Using the Value Leak Map: Gain a structured approach to identifying hidden pitfalls like unbalanced founder stakes, mismanaged option pools, and special clauses.


Whether you’re a new angel investor or a seasoned backer, The Cap Table Mirage equips you with the knowledge to turn potential blind spots into clear advantages. It’s the perfect guide for making confident, smarter investments in early-stage startups.

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