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Latest / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones

Why VCs Are Asking for Cap Table Transparency

A growing number of venture capital firms are demanding full cap table transparency before even scheduling a first meeting. Lucas and Luna break down why this shift is happening in 2026, how it changes the power dynamic between founders and investors, and what it means for early-stage startups with messy ownership structures. They explore the data behind the trend — including the recent sell-off in high-growth tech names — and discuss how founders can proactively clean up their cap tables. Luna shares a concrete example of a founder who lost a term sheet because of a hidden angel investor…

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