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Money • 1d
This founder promised equity over WhatsApp. 14 times. Real story. Founder had traction, early product, even investor interest. But no one would commit. Why? Because 14 people were promised equity... with zero documentation. No SHA, no vesting, no clarity. Just verbal promises. We had to: - Freeze old commitments - Clean the cap table - Build ESOP + founder agreement Only then did the round progress. ⚠️ Founders: your cap table isn't paperwork. It’s your startup’s financial spine. Startups die from sloppy structure before they ever run out of money.
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