Morrison & Foerster 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 that will enable a new, more collaborative era in startup 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 the first quarter of 2022.
Read the press release.