I am one of the organizers of this Coalition. We expect to publish technical specification in Q1 2022. It will be a github repo and include the specs behind the common file format called OCF (Open Cap Table Format).
That is great that the format itself will be open sourced.
Long term I think there are some great opportunities for on boarding pre-seed technical founders onto the paid platforms which utilize Open CapTable Format files by providing some guidance on how to use open source tools (editors, git/ledger) to edit OCF files, store, distribute and ensure consensus among founders and early partners.
The founders can then share the OCF files and distributed ledger entries when they eventually need to work with established entities who are using the paid SaaS OCF offerings (VCs, Legal, Compliance organizations). They also would likely graduate to paid SaaS offerings as well.
Sort of the open source git versus GitHub/GitLabs model.
Long term I think there are some great opportunities for on boarding pre-seed technical founders onto the paid platforms which utilize Open CapTable Format files by providing some guidance on how to use open source tools (editors, git/ledger) to edit OCF files, store, distribute and ensure consensus among founders and early partners.
The founders can then share the OCF files and distributed ledger entries when they eventually need to work with established entities who are using the paid SaaS OCF offerings (VCs, Legal, Compliance organizations). They also would likely graduate to paid SaaS offerings as well.
Sort of the open source git versus GitHub/GitLabs model.