Cap Table

The capitalisation table is the single source of truth for who owns what in Media Tech, on what terms. This skill describes the structure of the table, not the table itself — the live table is maintained in our equity management system and is restricted to founders plus the PA.

The classification of this skill is Restricted by default. Existence is not advertised in the user-facing app; access lists are visible only to SuperAdmin and the named individuals on the equity-management ACL.

What the table tracks

The cap table tracks every class of equity instrument with an active claim on Media Tech:

• Common stock. The founder shares and any other common-stock holders.
• Preferred stock. Investor classes from each financing round (Seed Preferred, Series A Preferred if and when raised), each with its own preference, conversion rights, and protective provisions.
• Stock options. Outstanding options granted under the Employee Stock Option Plan (ESOP), with grant date, vesting schedule, strike price, and exercise window.
• Warrants. Any warrants outstanding to investors, advisors, or partners.
• Convertible instruments. SAFEs, convertible notes, or any other instrument that will convert to equity on a triggering event.

Each row carries: holder name, instrument class, number of units, certificated or uncertificated, issue date, vesting terms (where applicable), and any transfer restrictions.

Vesting schedules

The default vesting schedule for employee grants is four years with a one-year cliff and monthly vesting thereafter. Founder shares are typically reverse-vesting over four years from incorporation. Adviser grants vest monthly over two years.

Acceleration provisions vary by individual and are documented on the grant. The most common pattern is double-trigger acceleration on a change of control: 50% of unvested options accelerate on a qualifying transaction, with the remaining 50% accelerating if the holder is terminated without cause within twelve months of the transaction.

Option pool

Media Tech maintains an option pool of 15% of fully-diluted post-money on the most recent priced round. The pool refreshes at each round; unallocated options return to the company. Grant authority sits with the board, with delegated grant-making power for sub-thresholds delegated to the CEO.

Diligence implications

This skill is the operational counterpart to finance/investor-materials. When a serious investor reaches the term-sheet stage, the cap table is shared via secure data room with a redacted version showing class summaries first, full version on signing of a confidentiality agreement specific to the diligence.

Owned by

CEO, with the Head of Finance as deputy. Restricted to SuperAdmin role in this library; the live source-of-truth table lives in our equity management system.