Palo Alto – August 3, 2021 – Cooley is a founding member of the Open Cap Table Coalition, a group of law firms and software vendors collaborating to improve the interoperability, transparency and portability of startup cap table data. Brad Newman, senior practice innovation manager at Cooley who plays an integral role at driving innovation at the firm and for its clients, will represent Cooley in the initiative.
As a first step, the coalition, which includes Gunderson Dettmer, Latham & Watkins, Fenwick & West, Goodwin Procter, Wilson Sonsini, Orrick, Carta, Morgan Stanley's Shareworks and LTSE Equity, worked together to produce the first iteration of the Open Cap Table Format. This open source format will enable a new, more collaborative approach in capitalization data management that prioritizes companies' changing needs and helps the tech ecosystem become more efficient.
The coalition welcomes all interested startup ecosystem stakeholders to join and collaboratively build standards and practices that best serve the entire industry.
As advisers to the technology, life sciences and high-growth industries, Cooley sees firsthand the power of innovation. The firm invests significant time and resources in implementing and developing the tools, systems and infrastructure necessary to dramatically transform the client experience. Cooley thinks beyond the limits of technology to encompass leading-edge processes and individual talents for a unique blend that benefits professionals, clients and communities.
