Capitalization Table

Reduction in existing shareholder ownership when new shares are issued.

Shares reserved for issuance to employees as stock options.

Investigation of a company before an investment, financing, or acquisition.

Maximum company valuation at which a SAFE or note converts to equity.

Short-term debt that converts into equity at a future financing round.

Valuation ratio applied at exit, e.g., enterprise value to revenue.

First sale of a company's stock to public investors via a registered SEC offering, typically on NYSE or Nasdaq.

Transactions in which one company acquires or combines with another, the dominant MedTech exit path, typically a strategic acquisition by an established player.