Work through a priced round, a SAFE conversion or an exit and see who ends up owning what, all in this tab, so your company's ownership never lands on a SaaS server that shares it with investors. Enter the existing holders, any SAFEs or notes, and the new round, and DEALBOOK shows the fully diluted table and the exit waterfall. Included in the Sovereign Pass.
One per line: name, shares, type. Type is common, preferred or pool. For example Founder A, 4000000, common.
One per line: name, amount, valuation cap, discount %, type. Type is safe or note. For example Angel, 250000, 5000000, 20, safe. Leave the cap or discount as 0 if there is none.
The post-round cap table appears here.
Model a round first, then the waterfall shows what each holder is paid.
It does the standard arithmetic in the open. SAFEs and notes convert on the post-money cap method, taking the better of the valuation cap or the discount; the option pool is topped up pre-money so it dilutes the existing holders, not the new investor; and the exit waterfall pays liquidation preferences first, then splits the rest, with non-participating preferred converting to common when that pays more.
It is a model, not the deal. Real term sheets carry seniority stacks, pro-rata rights, anti-dilution, multiple SAFE methods and edge cases this does not capture. Treat the numbers as a clear first look to negotiate from, and have your lawyer and the actual documents confirm anything you rely on.
It is not investment or legal advice. Modelling a dilution is not a recommendation to take or refuse a deal.
Nothing leaves this tab. The numbers you type stay in browser memory and are never sent anywhere.