Proportional Vesting

Proportional vesting occurs when a derivative, like an option, is partially early exercised. Note that it doesn’t apply to fully-exercised shares. We’ll explain with an example below. In this example we have an option grant of 100,000 shares. It vests monthly over a four-year period with no cliff. This is […]

How do I add a shareholder to the cap table?

In Shareworks Startup it’s not necessary to add a shareholder before recording their holdings. Adding shareholders in Shareworks Startup can be done in two different ways. Go to Cap Table > Spreadsheet and indicate a new shareholder name in the entry. The system will automatically create a shareholder if they […]

Problems Logging In

Below are some common problems we’ve seen when users try to log in to their account. Forgot password: If you’ve forgotten your password, you can reset it using the forgot password link on the sign in screen: Invalid token: When initially being invited to Shareworks Startup, the link you […]

Equity Plans Explained

Equity plans are most commonly referred to as ESPPs, ESOPs, and Option Pools (but you can issue more than just options from them). The basic purpose of an equity plan is to set aside a pool of shares that pre-dilutes the cap table. This allows you to take from that […]

Tracking Additional Paid In Capital (APIC)

What is Additional Paid In Capital (APIC)? APIC represents the amount above par value that an investor has paid for their shares. This is mainly an accounting term and is tracked separately on balance sheets. How do I track APIC in Shareworks Startup? Since APIC is mainly only tracked in […]

Where can I download documents in my shareholder portal?

Your company may have uploaded documents to Shareworks Startup to make them available to you. You can access them by following these steps after logging in (note that if you’ve been asked to sign or approve documents, you should being following these steps). First, click on the name of the […]

How Do I Increase or Decrease a Security Authorized Amount?

Most companies just starting out usually start with 10,000,000 as an authorized amount for their common security. When you create a security in Shareworks Startup, it defaults to this amount if no amount is defined. If needed, you can edit this amount by going to Security Classes > Security Name: […]

How do I track voting in Shareworks Startup?

Voting rights in Shareworks Startup are tracked through creating separate securities. 1. Separate securities can be created under Security Classes > Summary. 2. From this page select Actions > New Security Class. 3. The most common syntax for the security names are “Common (Voting)” and “Common (Non-Voting).” After you’ve created […]

Recording a Recapitalization or Restructure

If your company recently went through a recapitalization or restructure, you’ll want to record those changes in Shareworks Startup. The best way to do that is to cancel out the original issuances, then record new issuances. An example would be converting all preferred stock into common stock. That can be […]