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Mastering Your Cap Table with Joshua Lee of Ardius "You need a great lawyer and you need a great accountant. Those two things are inevitable. But they look at me and I go, 'Oh, you've never looked at your cap table." In this episode of Founders In LA, Joshua Y. Lee, CEO and Founder of Ardius, talks to us about the important role of cap tables in startup management and investment decisions. Highlighting his background in accounting and venture creation, Joshua discusses common challenges and the strategic advantages of maintaining organized and detailed cap tables. KEY TAKEAWAYS 🌟 Understanding Cap Tables: Joshua highlights the complexities of cap tables, including convertible notes and safe notes. He stresses record-keeping, as this impacts future strategic decisions, especially regarding funding and exits. Tax-Free Exit Potential: Joshua mentions the need for skilled accountants and lawyers in startup management. These experts can uncover tax benefits, including the possibility that the first $10 million in an exit might be tax-free under certain conditions. Joining New vs. Closing Funds: Joshua underscores the importance of understanding funding cycles and managing investor expectations. A company joining at the beginning of a fund may face different timelines and expectations compared to one joining at the end. Thanks again to our sponsors: Nearsure, Unità, Prodhub! 💙 WATCH OR LISTEN TO THE FULL PODCAST 📺 On YouTube →https://lnkd.in/gsE2p688 🎧 On Spotify→ https://lnkd.in/gdqZC2y3 🎧 On Apple Podcasts → https://lnkd.in/g3URfj4T 🎧 On Amazon Music → https://lnkd.in/gScjrJXb #sales #tax #credits #startup #randd #software #automation #machinelearning #technology #incentives #lessonsinentrepreneurship #foundersinla #entreprenuer #podcasting #lamoments #startuplife #mostlamoment #losangeles #lapodcast