Runway. Cap table. Board.

from the same books as your banking, bills and payroll.

Free for your first business.

Your accountant is always free.

From incorporation to your first raise.

The funded-startup system. Free for your first business.

  1. Cap table, rounds, and dilutionWho owns what, on a fully diluted basis, including everything not yet converted.
  2. Runway and burn from the ledgerHow long you have, calculated from the ledger, without rebuilding a spreadsheet every Monday.
  3. Investor relations, board, and governanceWho is on your register, what they were promised, and the reporting that keeps them informed.
  4. SaaS metrics and model spendThe measures investors and operators both read, calculated the same way each time.

Free for your first business.

Your accountant is always free.
Startup / Lifecycle

Lifecycle

Every rung from bootstrap to a listing or a sale, and what each one cost in ownership.

  • Current rungSeries A7.0 mo on this rung
  • Stage readiness75%3 of 4 criteria met
  • Retained ownership63.7%$2.3M raised across 3 priced rounds
  • Capital efficiency1.42×ARR per dollar raised

The ladder

  1. Bootstrap13.0 mo
  2. Pre-seed13.0 mo
  3. Seed13.0 mo
  4. Series A7.0 moHere
  5. Series B
  6. Series C
  7. D+
  8. Growth
  9. Pre-IPO
  10. IPO
  11. Acquired
  12. Wind-down

Stage history

  1. Pre-seed13.0 mo
  2. Seed13.0 mo
  3. Series A7.0 mo

Dilution path

  1. Pre-seed$750K90.0%
  2. Seed$4.0M76.1%
  3. Series A$18.0M63.7%

Raises in flight

  1. Series B$12.0M of $45.0M

Investor relations

Who is on your register, what they were promised, and the reporting that keeps them informed.

Investor relations
Startup / Investor Relations
  • Total raised$15.3MWired
  • Investors6
  • Next board meetingNot scheduled
  • Last update sentNone

The register

  1. Information rights
  2. Pro rata
  3. Board observer

Draft update

Assembled from the books
  1. Cash
  2. Runway
  3. Revenue
  4. Headcount

Board and governance

Meetings, consents and the record that has to exist when somebody looks for it.

Board and governance
Startup / Board & Governance
  • Voting seats—
  • Independent—
  • Observers—
  • ControlFounder

Seats

Meetings

  1. Meetingsthe record
  2. Consents
  3. Resolutions

Appointed

  1. Common
  2. Preferred
  3. Independent
  4. Observer

Company

The facts about the company that everything else references.

Company
Startup / Company
  1. IncorporationState, date, entity type and the filed document
  2. Jurisdiction
  3. Authorised sharesEvery increase is a charter amendment
  4. Fiscal year
  5. QualificationsEach state where you operate
  6. Registered agentService of process

Model spend

What inference actually costs, by feature, against what it earns.

Model spend
Startup / Model Spend
  • Spent$2,455109,570 calls
  • Per day$8230 active days
  • Monthly run rate$2,455
  • Cache hit56%268.6M reused
  1. 7d
  2. 30d
  3. 90d

By model

  1. claude-opus-5$2,178
  2. gemini-3-flash$157
  3. claude-4-5$108
  4. gpt-5-mini$12

By caller

  1. sigma-agent$1,312
  2. document-extraction
  3. workbook-parser
  4. Unattributed$1.00

SaaS metrics

The measures investors and operators both read, calculated the same way each time.

SaaS metrics
Startup / SaaS Metrics
  • MRR$89.6K
  • ARR$1.1M
  • Customers700
  • Churn rate1.8%
  • CAC$985
  • LTV$5,985
  • LTV / CAC6.1×
  • ARPU$128
  • Quick ratio5.0
  • NDR100.2%
  1. MRR Trend
  2. Churn Analysis
  3. Customers
  4. Unit Economics

Monthly Recurring Revenue

  1. Sep
  2. Nov
  3. Jan
  4. Mar
  5. May
  6. Jul
  7. Aug

MRR Movement

01 / 06

11 months

Runway at the current trailing net burn, recalculated as transactions post

Free for your first business.