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Cap Table

3 founders (45% / 45% / 10%), no prior VC rounds, no SAFEs, no angels. Clean cap table.

  • 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.