Reference cap table (study example)
This study model shows one way to allocate an initial company cap table. It is a reference for modelling formation and dilution, not the ownership of an existing OSC company.
| Allocation | Share | Context |
|---|---|---|
| Studio / initial vehicle | 55% | Specify consideration, ownership and decision rights |
| Founding CTO | 23% | Define technical responsibilities and vesting |
| CEO & early team reserve | 20% | One shared pool, not counted twice |
| Interim operator | 2% | Define the operating scope and vesting |
The allocations total 100% before financing and dilution. Model convertibles, future financing and the fully diluted share count before comparing outcomes.
Agreed in writing, case by case.