The Open Cap Table Coalition's mission is to democratize private markets.
Assure is excited to announce its role as a new member of the Open Cap Table Coalition, a cross-industry group that is collaborating to improve the interoperability, transparency, and portability of startup capitalization data. The working group includes major law firms that advise emerging companies, leading software providers, venture capital firms, and other critical members of the startup ecosystem.
As a foundational step, the Coalition members are producing a first iteration of the Open Cap Table Format (OCF), an open source format to enable a new, more collaborative era in capitalization data management that aims to prioritize companies’ changing needs and help the ecosystem become more efficient. This first-of-its-kind cap table standard format will be released in Q1 of 2022.
"Assure supports the evolution of startup investing towards transparency, flexibility, and accessibility. Assure's mission is to allow anyone from anywhere to syndicate investments into startups, and open cap tables are another step forward in the democratization of an efficient private market," says Assure CEO Jeremy Neilson.
The Coalition was officially founded in July of 2021, and founding members of the Open Cap Table Coalition include: Assure, Carta, Cooley, Fenwick & West, Goodwin Procter, Gunderson Dettmer, LTSE Software, Morgan Stanley | Shareworks, Orrick, Herrington & Sutcliffe, and Wilson Sonsini Goodrich & Rosati.