Convertible note calculator
Enter a note's principal, interest, cap, and discount. See the balance at the Series A, the conversion price, and the shares the note gets.
Simulator
The note clock
Move the months to the Series A. Watch the interest increase the balance, and the balance convert into more shares.
The note
Interest
The Series A
- Note balance
- $552.5K
- $500K + $52.5K interest
- Conversion price
- $1.00
- Cap price. Series A pays $1.8708.
- Shares for the note
- 552,500
- 52,500 from interest
- Noteholder owns
- 5.17%
- after the Series A
- Balance with interest
- Principal only
Ownership after the Series A
- Founders
- Noteholder
- Series A investors
After 18 months, the $500K note has a balance of $552.5K. At the Series A it converts into 552,500 shares, 52,500 more than the principal alone buys.
The cap price ($1.00) is lower than the discount price ($1.4966), so the cap applies. The noteholder pays 47% less than the Series A investors.