Shoobx® and Fidelity Investments™ Collaborate to Provide Private Companies Full Lifecycle Equity Management Solutions
Frequently Asked Questions2021-06-28T03:38:54+00:00

Frequently Asked Questions

Want to read more about the nuts and bolts of how Shoobx can jumpstart your company’s growth? If you still have questions after browsing below, send us a note!

Why Shoobx?2021-03-08T20:53:42+00:00

Shoobx is the only full-featured equity management solution focused on making it easier to scale companies and raise capital. Documents are generated, signed, and stored on Shoobx—so that when it comes time for a diligence exercise, you don’t have to break a sweat.

Will Shoobx keep my data secure?2021-03-08T22:32:04+00:00

Shoobx is ISO/IEC certified, which is the fancy way of saying we care that you are our client and not our product. We are here to help you sleep at night: by helping to keep your company compliant and by automatically organizing your corporate documents. You can also customize each user’s experience on Shoobx—so that nobody sees more than you share.

What is equity management?2021-03-08T23:11:55+00:00

Equity management is the administration of your company’s securities: including stock, options, and investments, but it includes so much more than just keeping track of a cap table. It’s also ensuring that everything is approved and done in compliance with applicable regulations, making sure that the underlying documents are organized and accurate, and giving all your stakeholders access to the documentation and information they need (like vesting calculations and the ability to exercise options).

What should I look for in a cap table provider?2021-03-08T23:12:26+00:00

A word of advice? You shouldn’t settle for just a cap table. You need to look for something beyond a spreadsheet on the internet. Of course you need all of the basics, like granting shares, tracking 83bs, and prompting you to fulfill equity promises, and it’s more than generating ASC 718s and 3921 filings to stay compliant. Because when it comes time for your company’s acquisition or IPO, an accurate cap table and collection of stock certificates won’t cut it.

What truly differentiates Shoobx is our unique approach to corporate governance: we track every transaction your company takes and automatically populate your data room with the right documents, in the right folder, available to be shared with the right people: making you ready for diligence the moment the term sheet is signed. We use all of the information underlying your cap table and instantly channel it into our modeling capabilities, so that you don’t have to lift a finger. You need a system built to handle the complexities of your company’s growth, yet simple enough for everyone to use it.

What if my investor says I should use a particular platform?2021-03-08T23:15:27+00:00

When it comes to managing your equity, most platforms provide the information that investors want: such as access to documents and an up-to-date cap table. On the other hand, not every platform  provides the same degree of transparency and efficiency for company administrators. For this reason, we suggest you make the best decision for your company.  And if that decision guarantees investors the documents and data they need, with the added benefit of a compliant and organized portfolio company, then everyone at the table will be happy. Just like buying your first car, you’ll want to do your research and choose wisely. Remember, you and your investors will still get to the same location together, but the ease and comfort with which you get there will depend on the software you purchase.

Why are workflows at the heart of Shoobx?2021-03-08T23:14:26+00:00

Because everything is interconnected when it comes to corporate decisions and ownership, we believe that workflows are the easiest way to maintain your company’s cap table, data room, stock ledger, and reports, and keep everything up to date. Shoobx’s approach is comprehensive, in that it handles all agreements end-to-end and without human error, so our platform is a one-stop-shop for your company’s ownership history.

What does a 409A valuation on Shoobx look like?2021-03-08T21:09:33+00:00

With the press of a button, you can request a 409A on Shoobx which will be routed to one of our independent partner providers. They will develop a personalized draft of your company’s valuation, which is returned to you for review before it is finalized. The opportunity to directly connect with your valuation expert ensures a credible and realistic evaluation of your company’s worth.

Does Shoobx generate documents?2021-03-08T22:29:24+00:00

Yes. Our fully vetted standard templates allow you to tackle a ton of actions, in a fraction of the time and without the worry.  We also track and collect signatures, store the documents for you, and even report on the key content within the documents created, so you don’t have to sweat about missing any of the details. As part of the more than 50 workflows on Shoobx, we assist you through the process and generate the documentation you need.

What if I don’t want to use Shoobx generated documents?2021-03-08T22:29:53+00:00

No problem! Shoobx’s document templates make document creation instantaneous, but if you or your team prefer to use alternate versions of the documents or need custom drafting for special circumstances you can always choose to upload your documents. 

How does Shoobx help with fundraising?2021-03-08T21:24:03+00:00

Our easy, organized, and permissioned data room allows you to delegate access to investors and avoid the document-hunting process. With Shoobx, your corporate history is pre-populated in our reports, which makes modeling your next round a walk in the park. And when you’re ready to get that term sheet set up, signed, and the money wired: our automated financing workflows allow you to leverage the efficiency of standard templates with the optionality to handle real-life complexities. Get the money you need when you need it—so that you can get back to building your company.

How do I transition on to Shoobx?2021-03-08T21:25:52+00:00

Whether you’re using spreadsheets or utilizing another equity management platform, getting set up with Shoobx can take as little as 24 hours and is as simple as the click of a few buttons. 

Can I incorporate a new company through Shoobx?2021-03-08T22:31:28+00:00

If you want to hit the ground running, Shoobx can get your company’s incorporation documents shipped off to Delaware in as little as 15 minutes. From establishing your first Board Members to the initial founder ownership, $400 will also guarantee you a year of registered agent services and your first year on Shoobx. If you’ve just incorporated but haven’t yet issued any equity, we can also help you move forward with our post-incorporation setup. It’s as simple as ready, set, get started!

Do I need to work with a lawyer who is already on the Shoobx platform?2021-03-08T21:35:25+00:00

Clients often introduce lawyers unfamiliar with Shoobx to the platform, due to the simplicity of the software and its robustness. We currently have over 100 law firms—from solo practitioners to AmLaw 100’s Goodwin, Wilson Sonsini, and DLA Piper—already working on Shoobx. Modernization benefits everyone: founders save money on legal fees and lawyers are able to focus on strategic insights instead of repetitive tasks and document drafting. If you’re looking for a lawyer that is already working with us, visit Shoobx Spark or engage a Shoobx-Certified attorneys through our Legal Services on Shoobx offering. If you’re an attorney who would like to join our list of partners, let’s talk!

Where can I learn even more?2021-03-08T22:34:27+00:00

Download our collection of ebooks, take a look at our client case studies, or browse through our blog posts with your morning coffee. Want to see Shoobx in action? Set up a personalized demo of the software with our team of dedicated Shoobxers!

See what Shoobx can do for you!

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