Ownership review
Organize holders, securities, and fully diluted ownership into a clearer view for investment analysis.
Cap table analysis for venture capital investors
Understand ownership with cap table analysis
Review ownership, dilution, option pools, and financing scenarios inside the same diligence workspace as the supporting legal and financial documents.
Ownership is part of the investment case
Connect the cap table to the documents behind it
A clean percentage summary is not enough. Analysts need to understand the securities, assumptions, and deal terms that produce the outcome.Dilution scenarios
Examine how the proposed round, option-pool changes, and future financing assumptions affect ownership.
Supporting-document context
Review the cap table alongside term sheets, financing documents, and the wider data room.
How it fits the workflow
From source material to reviewed output
Bring in the cap table
Upload the spreadsheet and the supporting deal documents used to verify securities and financing terms.
Inspect the proposed round
Review ownership, dilution, and scenario outputs with the assumptions made explicit.
Carry the result into IC
Summarize the ownership implications and unresolved questions in the investment memo.
Analyst outcomes
Cap table questions for diligence
- Does the fully diluted ownership reconcile with the supporting documents?
- How does the option-pool increase affect founder and investor dilution?
- Which securities or conversion terms require legal follow-up?
- What ownership does the proposed investment produce under each scenario?
Frequently asked questions
What investment teams ask about this workflow
What should investors examine in a startup cap table?
Investors commonly review fully diluted ownership, security types, conversion terms, option pools, outstanding rights, previous financing terms, and the dilution created by the proposed round.
Can Mentis replace legal cap table verification?
No. Mentis supports investment analysis and scenario review. Counsel and the investment team should verify ownership and legal rights against executed documents before closing.
Can cap table findings be included in the investment memo?
Yes. Ownership, dilution, and financing observations can be incorporated into the broader diligence record and memo workflow.
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