Anyone who owns shares or options in a private company instinctively knows that cap table management remains frustratingly analog.

At USV, we own equity interests in more than 50 companies.

For many of our portfolio companies we own three or more securities.

Almost every company in our portfolio manages its cap table in a spreadsheet and communicates that information via email.

At the end of each quarter, we have the fun job of nudging the busy management teams of our portfolio companies to provide a current cap table so we in turn can accurately report our ownership positions to our limited partners.

One of my New Year’s resolutions is to get most if not all of our portfolio companies to adopt eShares.

Employee option holders of our portfolio companies will also be thrilled even though they don’t yet know how much they will benefit from the ease and transparency of eSharessolution.