Introduction
Once you've added stakeholders and transactions and set up your Ledgy account, the last thing you should do before inviting your stakeholders to Ledgy is hit the Publish button.
Publishing all transactions updates the dashboard of stakeholders you have invited or will invite. Until you publish, stakeholders won’t see their stake, so make sure you publish before inviting.
Note: Stakeholders won’t see their stakes in their employee dashboards until you publish the corresponding transactions, so check if you have published them!
Where can I publish transactions for my cap table?
You can do so by clicking the Publish button at the top right of your Ownership > Transactions page.
Note: Hitting the Publish button will not immediately publish all your transactions. You will first have a chance to review all the drafts and decide whether to invite and notify your stakeholders.
If this is the first time you're publishing transactions, a modal will pop up. You'll be able to invite stakeholders (who haven't yet) to Ledgy. You can do so either individually or by group.
If you already have published transactions and have now added some drafts and want to publish these, in the "Review and publish transactions" modal, you'll be able to go over the changes and review the drafts you're about to publish.
Which functions are available?
Selective Publishing
To publish transactions, simply click on “Publish” on the Transaction page.
The modal you will see now will allow you to select which transactions you wish to publish. You can select or deselect one by one using the checkboxes next to each transaction or in bulk using the select and deselect checkbox in the header column.
Once you have finalized your selection, click on "Publish selection" to complete the publishing process.
Once you click "Publish selection", your drafts will become visible to stakeholders who have been invited to Ledgy.
Sorting
You can sort any of the columns to make it easier to find transactions you want to publish. This way, you can easily arrange the list by transaction dates, sequence numbers or stakeholders.
Search
We added a search box to facilitate finding stakeholders by name, sequence number, or transaction type, such as option, payout, etc.
Stakeholder notifications
Notify involved stakeholders
By enabling this option, you will notify stakeholders directly involved in the transactions. The stakeholder must already have accepted an invitation.
Notify affected stakeholders
Enabling this option will notify stakeholders whose stakes percentage or value is affected by a new valuation or a change in the total number of shares. However, they must already have accepted an invitation.
Invite remaining stakeholders
When you toggle on this function, the app will send invitations to the stakeholders who have a stake in the fully diluted capable and whose transactions will be published. The stakeholders must have a valid email address in their stakeholder profile.
Are there any limitations?
Performance Conditions
Selective Publishing is currently not compatible with Performance Conditions. If you have added or modified any Performance Conditions, the Publish modal will revert to the old publish all workflow. To work around this issue, you can reset the Performance Conditions.
FAQ
Can I reset the changes I made in my cap table?
On the Transactions page, you can also reset all drafts by clicking on the Reset button next to Publish button. This will also open a modal well you’ll be able to review the changes before resetting them.
Will the app show me a warning if I am going to publish an error?
If your selection is invalid while performing selective publishing, a detailed warning message will be displayed.
