In 2009, we started working to solve a problem we know well - the error-prone, cumbersome management of private company capital structures, and most of all its lack of clarity and transparency. We know how time-consuming it is to produce an accurate cap table, whether it be maintaining founders' restricted stock, understanding the effect of multiple closing convertible notes on the next round, calculating series B anti-dilution and preferences on a possible liquidation, or knowing the exact state of the option pool. And, we know how difficult it is to get the right information to the right people at the right time, so that the decisions made are right for the company and for its owners.
Hagi Schwartz brings key domain knowledge with his extensive background in financial management, governance and compliance. Eran Palmon brings two decades of envisioning and leading state-of-the-art web applications. Together, we have addressed these challenges by creating a product that has the power of a rich database application, yet is as easy to use as a spreadsheet.
TruEquity is well-funded and poised for profitable growth. With our next-generation cap table management software your data is secured in the cloud and your capital structure is accurate, clear and accessible to defined stakeholders.
By giving control over and clear insight into the cap table, our goal is for CFOs to accurately maintain the cap table, for founders to understand their real holdings under different scenarios, for investors to get accurate information instantly, and for company lawyers and finance professionals to always have an available and reliable cap table.
About the founders
Hagi Schwartz is a distinguished financial management professional. In 2005 Hagi founded Magnolia Capital, an investment advisory firm, where he is currently Managing Director.
Previously Hagi served as CFO for several private and public technology companies. At Check Point Software, a leader in network security software, he completed an IPO and a follow on financing.
Prior to Check Point Hagi was Acting CFO and General Manager at Mercury Interactive.
In addition, Hagi has served on the Board of Directors for Silicon Graphics, as well as for BigFix, a provider of high-performance enterprise systems and security management solutions; TUI University, a regionally accredited, online university; and two other private companies.
Eran Palmon is a serial entrepreneur with more than 20 years experience developing, launching and managing software start-ups. Eran was most recently at Yahoo! where he led the development of Yahoo's open search initiative (BOSS).
A veteran of search applications, Eran founded Mercado Software in 1993, where he pioneered search for e-commerce. At Mercado he served as founding CEO and CTO for ten years.
He then co-founded Eyecon Technologies, introducing a next generation software-based remote control, and subsequently founded RawSugar, a social search application, where he served as founding CEO.
Eran has also been a technology and strategy advisor to several companies, including Amazon's A9 and PSS.