Priced round cap table builder
Enter your cap table, your SAFEs and notes, and a term sheet. See the price per share, the pool top-up, how each SAFE and note converts, and the cap table at each step of the round.
Cap table builder
Build a Series A from today to the close
Set the company today, its SAFEs and notes, and the term sheet. Then look at the cap table at each step, and see who pays for each part.
The company today
SAFEs and notes
SAFE 1
TypeType 0 for no cap.
SAFE 2
TypeType 0 for no cap.
The term sheet
- Price per share
- $5.00
- $56M ÷ 11,200,000
- Effective pre-money
- $50M
- Headline: $56M
- Founders own
- 50%
- 87.5% today
The Series A investors pay $14M for 20% of a $70M company. Before their money comes in, the SAFEs and notes convert and the pool grows, and the new investors pay for neither. The founders go from 87.5% today to 50%.
Step 4 of 4, the new money comes in. The Series A investors buy 2,800,000 new shares at $5.00: $14M ÷ $70M = 20% of the company. The founders end at 50%.
- Founders
- Employees and pool
- SAFE and note holders
- Series A investors
| Holder | Security | Shares | Ownership |
|---|---|---|---|
| Founder 1 | Common | 4,000,000 | 28.57% |
| Founder 2 | Common | 3,000,000 | 21.43% |
| Employee options | Options | 800,000 | 5.71% |
| Option pool | Unissued options | 1,400,000 | 10% |
| SAFE 1 | Series A-1 preferred | 1,000,000 | 7.14% |
| SAFE 2 | Series A-2 preferred | 1,000,000 | 7.14% |
| Series A investors | Series A preferred | 2,800,000 | 20% |
| Total, fully diluted | 14,000,000 | 100% |
How each SAFE and note converts
| Holder | Converts | Price from | Price | Shares | Owns |
|---|---|---|---|---|---|
| SAFE 1Cap | $500K | Cap | $0.50 | 1,000,000 | 7.14% |
| SAFE 2Cap | $2M | Cap | $2.00 | 1,000,000 | 7.14% |