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    <description>Notes on fundraising, cap tables and getting investor-ready — written for founders in the middle of a round.</description>
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      <title>If Your Cap Table Lives in Excel, Here&#39;s What It Costs You in a Funding Round</title>
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      <pubDate>Mon, 07 Sep 2026 00:00:00 GMT</pubDate>
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      <category>Cap table</category>
      <category>Fundraising</category>
      <description>Option pool timing, unmodeled SAFEs, untracked vesting and version chaos. Five places a spreadsheet cap table breaks during a round — and what each one actually costs you.</description>
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