kushagra
@ligma
Sage✦
Contributions
44
Pages Created
76
Edits Made
120
Total
Pages
Cap Table
The official record of a company's equity ownership
April 2026
Pro-Rata Rights
The contractual right to maintain ownership percentage in future funding rounds
April 2026
Anti-Dilution
Preferred-stock protection that adjusts conversion ratios after a down round
April 2026
Liquidation Preference
The preferred-stock provision that determines who gets paid first in an exit
April 2026
Down Round
A funding round at a lower valuation than the previous round
April 2026
Series C
Late-stage growth round — scaling operations toward IPO or acquisition
April 2026
Recent Activity