Building a More Inclusive Cap Table

How legislation is making it easier for overlooked communities to become allocators, not just applicants.

Jul 30, 2025

At DVRGNT, we’ve always believed that brilliant ideas aren’t confined to the coasts or people with deep-pocketed connections.

But if you’ve ever tried raising a fund—or even writing a check into one—you’ve likely hit a wall. The system favors those with networks, pedigree, and massive capital. Everyone else? They’re told to wait their turn.

That’s why a bill you’ve probably never heard of matters so much.

The Improving Capital Allocation for Newcomers Act of 2025, introduced by Representative William Timmons, could quietly change the rules of the game. It would make it easier for smaller investors to participate in venture capital and for emerging fund managers to raise capital without having to chase seven-figure anchor checks.

And that shift matters more than most people realize.

This is what access actually looks like

If this bill passes, new fund managers could raise from a broader base. People who were previously considered “too small” to matter suddenly get to pull up a chair. And with it, new voices, new perspectives, and new capital enter the room.

You don’t need a $5 million check. You don’t need to be backed by a university endowment. You don’t need to already be in the club.

You just need a clear thesis, a strong community, and the courage to start.

We know this model works because we’ve lived it. At DVRGNT, we’ve seen founders brought to life by $10K and $25K checks. We’ve partnered with advisors and culture-shapers who never considered themselves “investors” until someone let them in. We’ve built cap tables with people who reflect the future, not just repeat the past.

Small checks can build big futures

There’s a myth that big capital is the only kind that matters. That a check under $50K is too small to make a difference.

But the truth is, smaller checks give more people a shot at building wealth, participating in upside, and influencing what gets built and who builds it. And if this bill does what we hope it will, it’s going to give a lot more people a path into venture—both as fund managers and as investors.

This is how we start to shift the system. Not just by funding different companies, but by changing who gets to fund them in the first place.

If you’ve been on the sidelines

If you’ve ever said:

“I don’t know the right people”
“I’d invest, but I don’t have enough”
“I want to raise a fund, but I don’t have an anchor”

This is your moment.

You don’t need permission. You need to start. And more importantly, you need to know there are others walking this same path—some a few steps ahead, others just behind you.

You’re not late. You’re early. The system is just finally catching up.

Let’s build what comes next

If this legislation passes, it won’t just be a win for emerging managers. It will be a win for communities who’ve never had the chance to shape what gets funded. It will be a win for talent that’s always been here, just waiting to be seen.

We’re building a future where access isn’t a privilege. It’s a design principle.

If you’re ready to build alongside us, we’re ready too.

Ready to build with us?

Whether you're a founder, operator, or advisor—if you’re brilliant and ready to execute, we want to hear from you.

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