In venture, the CFO’s world is built on precision. Every ownership change, every SAFE conversion, every pro rata calculation, every fund-level allocation — it all flows through the cap table. And for years, spreadsheets have been the default home for that data. But the reality is this: VC CFOs aren’t moving off spreadsheets because they’re broken. They’re moving off because they’re too slow. Not slow to open. Slow because of the hours they demand - hours spent maintaining for

Most VC firms still manage cap tables, waterfalls, and ownership models in spreadsheets. It’s familiar, flexible, and deeply embedded in how the industry works. And for many years, it was more than enough. But the landscape has changed. More companies. More rounds. More complex instruments. More LP scrutiny. More valuation pressure. More governance expectations. A small but growing group of forward thinking VC firms have started adopting next level cap table platforms, not be