Model how your SAFE notes convert at a priced round. See the cap, discount, and ownership for each SAFE investor.
When a priced round happens, SAFEs convert at the lower of (a) the valuation cap divided by the company's valuation, or (b) the discount applied to the price per share. This gives SAFE investors a better price than the round investors, rewarding them for their earlier risk.
See how each SAFE converts and the ownership each investor receives.
See how your cap table changes as each SAFE converts. Founders start at 100% and get diluted with each SAFE.
See what each SAFE investor would need to invest in your next priced round to maintain their ownership.
Pro-rata rights allow an investor to maintain their ownership percentage in future rounds by investing additional capital. For example, if an investor owns 5% after your SAFE round and you raise a new round, they have the right to buy enough shares to stay at 5%. Without pro-rata rights, their percentage would shrink (dilute) with each new round.
Each SAFE note's conversion price, share count, and resulting ownership.
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