Accelerator break-even cap
Find the cap that you must get with an accelerator to sell the same part of your company as without it.
Calculator
The cap a program must help you get
Compare two plans that raise the same money. Without a program, you raise it all on SAFEs. With one, the program supplies part of it.
Program
- You sell
- 16.67%
- Without a program: $2.5M ÷ $15M
- Break-even cap
- $24.57M
- With YC
- Increase
- +64%
- Over $15M
- Fixed stake price
- $925K
- 7% × $15M − $125K
Without a program, you sell 16.67%. With YC, you get $500K from YC and raise $2M more. To sell the same 16.67% in total, your cap must be $24.57M, which is 64% more than $15M.
The fixed 7% is the price. At your $15M cap, it is worth $1.05M, and YC pays $125K for it, so the price is $925K. The program is a good trade if its network, advice, and signal add more value than that.