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captableinc / captable

#1 Open-Source Captable, an alternative to Carta, Pully, Angelist and others.
https://captable.inc
GNU Affero General Public License v3.0
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"Numbered shares" – thoughts on implementation? #524

Open andreasbhansen opened 2 months ago

andreasbhansen commented 2 months ago

First, thanks for the ongoing work on Captable!

For the same reasons outlined in this Open-Cap-Format-OCF issue [1] (and merged in [2]), in certain countries an investor owns a specific range of numbered shares, not just an arbitrary block of shares_count.

E.g., if John owns 100 shares and he wishes to sell a portion of these to someone else, he can only sell shares within his specific numbered range, say he owns shares numbered 501-600, or maybe even 501-550 and 801-850 if he did separate investments or made a secondary market purchase. There might be situations where the latter (multiple ranges) is true, but John still wants to sell a portion of his shares across disparate ranges (for instance 75 shares, which would eat up the entire 501-550 range, and parts of the 801-850 range).

In countries where such ownership is required by law, Captable is currently not a viable option, but I really wish it could be! Has any work or thought gone into this already? Thanks!

[1] https://github.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/issues/316 [2] https://github.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/pull/339

github-actions[bot] commented 2 months ago

Welcome @andreasbhansen :wave:

thank you for opening your first issue! We will get back to you shortly.

Meanwhile, please feel free to hop into our community in Discord