Cap Table
3 founders (45% / 45% / 10%), no prior VC rounds, no SAFEs, no angels. Clean cap table.
Notes for Investors
Section titled “Notes for Investors”- No prior dilution. Clean cap table. No SAFEs, no notes, no angels.
- Founders stay well above 50%. At ~70% combined post-round, founders have strong alignment and control through at least one more round.
- Series A room. After a Series A (typically 15–20% new equity), founders would still hold 55–58% combined.
- Token allocation. $CODEC token economics are separate from this equity structure.