Why is there a culture of hiding cap tables in the first place? Seems like some incentive structures need to be fixed before a transparent cap table is adopted.
I think the article is overstating the scope of the coalition a bit. If I understand correctly, it's talking about the format and transportability of the cap table, but not doing anything to change how broadly a company will choose to make the cap table available. So not really transparent, but more importantly avoiding vendor lock-in.
