// the girls’ cheat sheet

Cap table? SAFE? Say less.

Six words that show up in every deal.

The angel glossary · 1 min read · free

Two of the girls celebrating at a dinner party with champagne
Equity
Ownership. Own 2% of the shares, own 2% of whatever the company becomes.
Cap table
Who owns what. It shows what your money buys and who you’re co-owning with.
Valuation
What the company is said to be worth. Early on: part maths, part storytelling.
Dilution
New shares, smaller slices. Normal. The hope is a smaller slice of something much bigger.
SAFE
Invest now, get shares later. The quick, common way early deals get done.
Syndicate
Investors pooling money into one deal. Smaller cheques, shared risk.

The full cheat sheet lives in the club.

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