{"id":6467,"date":"2026-09-09T22:55:46","date_gmt":"2026-09-09T20:55:46","guid":{"rendered":"https:\/\/www.norban.no\/?post_type=norban_kb&p=6467"},"modified":"2026-09-17T10:14:44","modified_gmt":"2026-09-17T08:14:44","slug":"founder-agreements-vesting-and-the-cap-table","status":"publish","type":"norban_kb","link":"https:\/\/www.norban.no\/no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/","title":{"rendered":"Founder agreements, vesting and the cap table you will be judged on"},"content":{"rendered":"","protected":true},"excerpt":{"rendered":"

A cap table is read as the record of every ownership decision the founders have made. A departed co-founder with a third of the company, founders who never signed anything with each other, or a lead founder diluted too far will end a conversation before terms are discussed. What to settle now, and how to repair what is broken.<\/p>","protected":true},"featured_media":6441,"template":"","meta":{"_tec_requires_first_save":true,"_yoast_wpseo_focuskw":"","_yoast_wpseo_title":"Founder agreements, vesting and your cap table","_yoast_wpseo_metadesc":"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","kb_id":"STA-07","kb_level":"practitioner","kb_standfirst":"A cap table is read as the record of every ownership decision the founders have made. A departed co-founder with a third of the company, founders who never signed anything with each other, or a lead founder diluted too far will end a conversation before terms are discussed. What to settle now, and how to repair what is broken.","kb_counterpart":"","kb_reviewer":"","kb_last_reviewed":"2026-09-02","kb_review_due":"2028-09-02","kb_norway":true,"kb_disclaimer":false,"kb_takeaways":[],"kb_assets":[],"kb_related":["STA-06","STA-21","STA-16"],"kb_terms":[{"en":"shareholders' agreement","no":"aksjon\u00e6ravtale","slug":"aksjonaravtale"},{"en":"share register","no":"aksjeeierbok","slug":"aksjeeierbok"},{"en":"dilution","no":"utvanning","slug":"utvanning"},{"en":"pre-emption right","no":"forkj\u00f8psrett","slug":"forkjopsrett"}],"kb_sources":[],"footnotes":"","rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","_dpc-meta-title":"","_dpc-meta-description":"","_dpc-keyword":""},"kb_track":[51],"kb_pillar":[63],"kb_access":[76],"kb_level_tax":[72],"kb_norway_tax":[74],"class_list":["post-6467","norban_kb","type-norban_kb","status-publish","has-post-thumbnail","hentry","kb-access-register"],"kb_reading_time":12,"yoast_head":"\nFounder agreements, vesting and your cap table<\/title>\n<meta name=\"description\" content=\"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.norban.no\/no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/\" \/>\n<meta property=\"og:locale\" content=\"nb_NO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Founder agreements, vesting and your cap table\" \/>\n<meta property=\"og:description\" content=\"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.norban.no\/no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/\" \/>\n<meta property=\"og:site_name\" content=\"NorBAN - Norwegian Business Angel Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/norban.no\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-17T08:14:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/09\/norban-kb-featured-fundraising-s2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ansl. lesetid\" \/>\n\t<meta name=\"twitter:data1\" content=\"12 minutter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/\",\"url\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/\",\"name\":\"Founder agreements, vesting and your cap table\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/norban-kb-featured-fundraising-s2.png\",\"datePublished\":\"2026-09-09T20:55:46+00:00\",\"dateModified\":\"2026-09-17T08:14:44+00:00\",\"description\":\"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/#breadcrumb\"},\"inLanguage\":\"nb-NO\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"nb-NO\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/norban-kb-featured-fundraising-s2.png\",\"contentUrl\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/norban-kb-featured-fundraising-s2.png\",\"width\":1200,\"height\":630,\"caption\":\"Branded NorBAN Knowledge Base featured image for the Fundraising track, pillar 2 of 8: Investor readiness. Navy header band reading 'NorBAN Knowledge Base' with the 'FUNDRAISING' track eyebrow, a circular icon medallion in the green track accent colour with the pillar code S2, the pillar title, and a thin green accent rule top and bottom.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/fundraising\\\/founder-agreements-vesting-and-the-cap-table\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.norban.no\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Founder agreements, vesting and the cap table you will be judged on\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/#website\",\"url\":\"https:\\\/\\\/www.norban.no\\\/\",\"name\":\"NorBAN - Norwegian Business Angel Network\",\"description\":\"The national interest organization for Business Angels in Norway\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/#organization\"},\"alternateName\":\"NorBAN\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.norban.no\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"nb-NO\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/#organization\",\"name\":\"NorBAN - Norwegian Business Angel Network\",\"alternateName\":\"NorBAN\",\"url\":\"https:\\\/\\\/www.norban.no\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nb-NO\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/NorBAN-Logo-Light-Transparent.png\",\"contentUrl\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/NorBAN-Logo-Light-Transparent.png\",\"width\":1718,\"height\":469,\"caption\":\"NorBAN - Norwegian Business Angel Network\"},\"image\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/norban.no\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/norban-no\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Founder agreements, vesting and your cap table","description":"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.norban.no\/no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/","og_locale":"nb_NO","og_type":"article","og_title":"Founder agreements, vesting and your cap table","og_description":"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.","og_url":"https:\/\/www.norban.no\/no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/","og_site_name":"NorBAN - Norwegian Business Angel Network","article_publisher":"https:\/\/www.facebook.com\/norban.no","article_modified_time":"2026-09-17T08:14:44+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/09\/norban-kb-featured-fundraising-s2.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ansl. lesetid":"12 minutter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/","url":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/","name":"Founder agreements, vesting and your cap table","isPartOf":{"@id":"https:\/\/www.norban.no\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/#primaryimage"},"image":{"@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/#primaryimage"},"thumbnailUrl":"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/09\/norban-kb-featured-fundraising-s2.png","datePublished":"2026-09-09T20:55:46+00:00","dateModified":"2026-09-17T08:14:44+00:00","description":"What Norwegian founders must settle between themselves, how reverse vesting works in an AS, what dead equity costs, and how to repair a cap table.","breadcrumb":{"@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/#breadcrumb"},"inLanguage":"nb-NO","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/"]}]},{"@type":"ImageObject","inLanguage":"nb-NO","@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/#primaryimage","url":"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/09\/norban-kb-featured-fundraising-s2.png","contentUrl":"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/09\/norban-kb-featured-fundraising-s2.png","width":1200,"height":630,"caption":"Branded NorBAN Knowledge Base featured image for the Fundraising track, pillar 2 of 8: Investor readiness. Navy header band reading 'NorBAN Knowledge Base' with the 'FUNDRAISING' track eyebrow, a circular icon medallion in the green track accent colour with the pillar code S2, the pillar title, and a thin green accent rule top and bottom."},{"@type":"BreadcrumbList","@id":"https:\/\/www.norban.no\/knowledge\/fundraising\/founder-agreements-vesting-and-the-cap-table\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.norban.no\/"},{"@type":"ListItem","position":2,"name":"Founder agreements, vesting and the cap table you will be judged on"}]},{"@type":"WebSite","@id":"https:\/\/www.norban.no\/#website","url":"https:\/\/www.norban.no\/","name":"NorBAN - Norwegian Business Angel Network","description":"The national interest organization for Business Angels in Norway","publisher":{"@id":"https:\/\/www.norban.no\/#organization"},"alternateName":"NorBAN","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.norban.no\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nb-NO"},{"@type":"Organization","@id":"https:\/\/www.norban.no\/#organization","name":"NorBAN - Norwegian Business Angel Network","alternateName":"NorBAN","url":"https:\/\/www.norban.no\/","logo":{"@type":"ImageObject","inLanguage":"nb-NO","@id":"https:\/\/www.norban.no\/#\/schema\/logo\/image\/","url":"https:\/\/www.norban.no\/wp-content\/uploads\/2023\/03\/NorBAN-Logo-Light-Transparent.png","contentUrl":"https:\/\/www.norban.no\/wp-content\/uploads\/2023\/03\/NorBAN-Logo-Light-Transparent.png","width":1718,"height":469,"caption":"NorBAN - Norwegian Business Angel Network"},"image":{"@id":"https:\/\/www.norban.no\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/norban.no","https:\/\/www.linkedin.com\/company\/norban-no"]}]}},"_links":{"self":[{"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/norban_kb\/6467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/norban_kb"}],"about":[{"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/types\/norban_kb"}],"version-history":[{"count":4,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/norban_kb\/6467\/revisions"}],"predecessor-version":[{"id":6807,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/norban_kb\/6467\/revisions\/6807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/media\/6441"}],"wp:attachment":[{"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/media?parent=6467"}],"wp:term":[{"taxonomy":"kb_track","embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/kb_track?post=6467"},{"taxonomy":"kb_pillar","embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/kb_pillar?post=6467"},{"taxonomy":"kb_access","embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/kb_access?post=6467"},{"taxonomy":"kb_level_tax","embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/kb_level_tax?post=6467"},{"taxonomy":"kb_norway_tax","embeddable":true,"href":"https:\/\/www.norban.no\/no\/wp-json\/wp\/v2\/kb_norway_tax?post=6467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}