Understand and model your cap table: founder splits, option pools, SAFE conversion, dilution across rounds, and the ownership math that determines what your equity is actually worth.
## CONTEXT Many founders treat the cap table as an accounting afterthought until the moment it determines whether they walk away wealthy or with scraps. Equity is the founder's primary compensation and the team's primary motivator, and the math that governs it, dilution across rounds, option pool placement, SAFE…
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