Cap Table
A single record of who owns what percentage of your company — every founder, investor, and employee, and exactly how many shares or options each one holds.
Quick Answer
What's the difference between a basic and a fully diluted cap table?
A basic cap table shows only issued shares. A fully diluted cap table adds every option, warrant, and convertible security as if already exercised or converted — the number investors actually evaluate.
- Investors almost always ask for the fully diluted version
- Options that haven't been exercised still count toward dilution
- A cap table that's only 'basic' will trigger a follow-up request anyway
The Lovie Advantage
Lovie keeps one live cap table — basic and fully diluted views of the same real-time data, not two spreadsheets that can drift apart.
See how this connects to ISO (Incentive Stock Option). For the formal definition, see Investor.gov's glossary entry on beneficial owners.
Start Free with Lovie →