We help Series A–C founders across APAC optimize equity structures, design ESOP programs that retain talent, and prepare clean cap tables that accelerate fundraising.
Due diligence. A term sheet. An employee asking what their options are worth. These are expensive moments to realize your equity structure has silent, compounding issues.
Multiple SAFE and convertible note rounds with varying caps and discounts create dilution that only surfaces at conversion — often 15–25% more than expected.
Pools sized without modeling the waterfall at exit leave founders choosing between under-incentivizing employees and giving away more equity than necessary.
APAC startups with entities across Singapore, India, and Hong Kong face different vesting rules, tax treatments, and regulatory requirements.
Without a clear exit waterfall, founders and investors negotiate from different assumptions. Participation rights and anti-dilution interact in non-obvious ways.
Messy cap tables cost weeks of due diligence and signal operational immaturity. Investors have seen it before — they'll ask for a discount or walk away entirely.
Co-founder departures without proper vesting acceleration clauses, or advisors with outsized equity and no clawback terms.
Every engagement starts from the same principle — your equity structure should be an asset in every negotiation, not a liability.
A forensic review of your equity structure, identifying hidden dilution, structural inefficiencies, and governance gaps before they compound.
Build equity incentive programs that attract and retain talent — with clean governance and multi-jurisdiction compliance baked in.
Get your equity story investor-ready. We prepare the cap table and build the materials that make due diligence a formality.
Software (or excels) handle record-keeping. We advise on the decisions behind the records — the sizing, the structuring, the timing.
Financial modeling and data-driven decision-making sharpened at top-tier consulting and investment banks. This analytical discipline shows in the precision of our deliverables.
Tax-efficient equity planning across Singapore, Hong Kong, Australia, and India. APAC founders operating across multiple markets need someone who understands all of them.
We don't compete with cap table software. We advise on optimal ESOP sizing, waterfall modeling, and round negotiation strategy — the thinking layer above the tool.
Every engagement is structured around your interests as a founder. Conversations are private, deliverables are yours, and we don't have a venture fund with competing incentives.
A structured engagement designed for founders who value their time.
A 30-min confidential conversation to understand your equity structure and what outcome moves the needle.
We analyze your cap table, convertibles, and governance documents to surface hidden issues.
An actionable report with restructuring options, waterfall scenarios, and prioritized next steps.
We work alongside your legal counsel to execute changes, ensuring you are investor-ready.
Representative scenarios from our engagements
A startup raised three convertible note rounds over 18 months with varying caps and discounts. The founder believed total dilution would be ~20%. Our waterfall model revealed actual dilution of 34% — with one early note holder receiving disproportionate economics due to an uncapped MFN clause.
A fintech was running its ESOP on a single-entity basis from the SG HoldCo. Indian employees had unaddressed tax obligations, HK grants lacked proper resolutions, and the total pool was sized without modeling dilution at a realistic Series B valuation.
Southeast Asia's startup ecosystem presents equity challenges that single-jurisdiction advisors miss. Different vesting norms, tax treatments, regulatory frameworks, and investor expectations across markets.
Based in Singapore, we work with founders across the region's key hubs. Whether you're a SG company with an IN tech team, or an AU founder expanding to SEA — we've navigated the permutations.
A 30-minute confidential conversation. No pitch, no pressure. Just a candid look at whether your equity structure is working for you
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