| In general, I think that telling relatively early employees in a startup their fully-diluted ownership percentage has become the norm. I assume that this is the 0.75% worth of shares at the current valuation they promised you. You should confirm that this represents your share of the fully-diluted, as-converted shares of the company. Here is more detail on what fully-diluted, as converted means: https://www.capshare.com/blog/how-many-shares-are-on-my-cap-.... If you confirm that this represents your share of fully-diluted, as-converted shares, then you can calculate the total number of shares on the cap table by simply dividing the number of shares you receive by 0.75%. Regarding your other questions, every startup has a different approach to levels of transparency about equity. Most companies do not grant full access to the cap table to employees beyond the founder group. Many companies will give employees, especially key employees, a sense of their ownership percentage after future rounds. Companies will typically provide less information to former employees who have left the company. Exceptions to all of these generalities are somewhat common. I wrote an article on this subject based on our experience with the 5,000+ companies and cap tables we manage on Capshare: https://www.capshare.com/blog/will-cap-table-transparency-he.... |
FWIW, Capshare looks great - I wish my shares were being managed through it.