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Clara's cap table
calculator
A calculator for exploring the impact of SAFEs on current ownership.
Existing cap table
Use the "Add" and "Delete" buttons to list all of your company's outstanding share issuances, option grants and unissued option pools.
ID
Quantity
Type
Issuance-01
600,000
Share issuance
Issuance-02
400,000
Share issuance
Grant-01
30,000
Option grant
Grant-02
20,000
Option grant
Pool-01
100,000
Unissued pool
SAFEs
Use the "Add" and "Delete" buttons to list all the outstanding SAFEs that you have. If the SAFE has no discount, then you should enter a discount of 0. If the SAFE has no valuation... See more
Use the "Add" and "Delete" buttons to list all the outstanding SAFEs that you have. If the SAFE has no discount, then you should enter a discount of 0. If the SAFE has no valuation cap, then you should enter a valuation cap of USD 0. A pre-money SAFE is one whose capitalisation definition only includes existing shares, option grants and shares reserved for unissued options. A post-money SAFE is one whose capitalisation definition includes, existing shares, options, shares reserved for unissued options and any shares issued to convertible securities such as SAFEs. See less
ID
Investment
Discount
Valuation cap
Pre or Post?
SAFE-01
USD 800,000
20.00%
USD 30,000,000
Pre-money
SAFE-02
USD 500,000
20.00%
USD 30,000,000
Post-money
Series A goals
Enter in your estimated Series A amount. First, enter the amount of new money you expect to raise at Series A (not including your outstanding SAFEs). Next, estimate the valuation of your company just... See more
Enter in your estimated Series A amount. First, enter the amount of new money you expect to raise at Series A (not including your outstanding SAFEs). Next, estimate the valuation of your company just before you raise money. This is your "Pre-money valuation". (Note: Post-money valuation = Pre-money valuation + Series A Investment Amount). Finally, enter in the desired post-raise percentage set aside for unissued options. If the amount of existing unissued options is not enough, we will set aside additional options (your option pool top-up) to cover the difference. See less
Modelling results
Here are your results. Based on your inputs, you would raise at a price per share of approximately USD 31.77. The "Converting SAFEs" table shows you how the SAFEs will convert and the effective price per share that those SAFE holders will receive. The "Post-raise cap table" shows you the existing and post raise numbers of securities everyone will have as well as your new current and new ownership percentage (this is a fully diluted percentage). The "Cap table comparison" chart shows you the number of of the current and modelled cap tables.
Series A price per share: USD 31.77496
Converting SAFEs (2)
ID
Converts at
Effective price per share
Effective discount
Investment amount
Shares issued
SAFE-01
Discount
USD 25.42
20.00%
USD 800,000
31,471
SAFE-02
Valuation cap
USD 24.969
21.42%
USD 500,000
20,025
Post-raise cap table
Holder
Existing securities
Current fully diluted %
New securities
Total securities
New fully diluted %
Issuance-01
600,000
52.17%
0
600,000
38.13%
Issuance-02
400,000
34.78%
0
400,000
25.42%
Grant-01
30,000
2.61%
0
30,000
1.91%
Grant-02
20,000
1.74%
0
20,000
1.27%
Pool-01
100,000
8.70%
0
100,000
6.35%
SAFE-01
0
0.00%
31,471
31,471
2.00%
SAFE-02
0
0.00%
20,025
20,025
1.27%
Option pool top-up
0
0.00%
57,357
57,357
3.65%
Series A investors
0
0.00%
314,713
314,713
20.00%
Total
1,150,000
100.00%
423,566
1,573,566
100.00%
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