Funding & Finance
A Founder's Decision Framework for Post-Seed Cap Table Events: Option Pools, Pro-Rata Rights, and Secondaries
Founders need a decision framework for post-seed cap table events like option pool refreshes, pro-rata rights, and secondary sales. This article outlines how to model fully diluted cap tables before and after changes to quantify dilution and negotiate effectively.
Marek Kowalski·October 17, 2026
