The short answer: the company has only issued 6m shares, and 8% of 6m is 480,000. the slightly longer answer: the key point here is the distinction between "authorized" and "issued" shares. issued shares, as the name suggests, are shares that h.... The pre-seed investors had also required the creation of an options pool of 100,000 (8.07%) options. the creation of this cap table prior to angel investment is more fully discussed in our post on pre-seed investment cap tables for startups. increasing the stock options pool. This is a guide to how to use my template cap table and returns analysis excel spreadsheet. this will enable founders to track the ownership of their startup from founding up to series-c as well as what returns will be generated upon exit (across different valuations).. Intercom pitch deck pre-seed convertible fundraise Simple cap table template Incorporation, cap tables and other startup legal issues Therefore, it is abso