| A | B | C | D | E | F | G | H | I | J | |
|---|---|---|---|---|---|---|---|---|---|---|
1 | For "Edit" access instructions, please visit: | |||||||||
2 | http://go.danielodio.com/convertible-notes | |||||||||
3 | My top AngelList tips: | http://go.DanielOdio.com/angellist | ||||||||
4 | My top fundraising tips: | http://go.DanielOdio.com/top-tips | ||||||||
5 | Input parameters: | |||||||||
6 | Amount raised on conv. note | $500,000 | ||||||||
7 | Base discount on conversion | 20.00% | ||||||||
8 | Pre-money valuation cap | $4,000,000 | ||||||||
9 | Equity taken in Seed Round | 30.00% | ||||||||
10 | ||||||||||
11 | ||||||||||
12 | Series A investment | Series A post-money valuation | Series A pre-money valuation | Equity from note (conv at base discount) | Equity from note (conv at valuation cap) | Equity from note (max) | Effective post-money val for conversion | Effective conversion discount | ||
13 | $700,000 | $2,333,333 | $1,633,333 | 26.8% | 8.75% | 26.79% | $1,866,667 | 20.00% | ||
14 | $800,000 | $2,666,667 | $1,866,667 | 23.4% | 8.75% | 23.44% | $2,133,333 | 20.00% | ||
15 | $900,000 | $3,000,000 | $2,100,000 | 20.8% | 8.75% | 20.83% | $2,400,000 | 20.00% | ||
16 | $1,000,000 | $3,333,333 | $2,333,333 | 18.8% | 8.75% | 18.75% | $2,666,667 | 20.00% | ||
17 | $1,100,000 | $3,666,667 | $2,566,667 | 17.0% | 8.75% | 17.05% | $2,933,333 | 20.00% | ||
18 | $1,200,000 | $4,000,000 | $2,800,000 | 15.6% | 8.75% | 15.63% | $3,200,000 | 20.00% | ||
19 | $1,300,000 | $4,333,333 | $3,033,333 | 14.4% | 8.75% | 14.42% | $3,466,667 | 20.00% | ||
20 | $1,400,000 | $4,666,667 | $3,266,667 | 13.4% | 8.75% | 13.39% | $3,733,333 | 20.00% | ||
21 | $1,500,000 | $5,000,000 | $3,500,000 | 12.5% | 8.75% | 12.50% | $4,000,000 | 20.00% | ||
22 | $1,600,000 | $5,333,333 | $3,733,333 | 11.7% | 8.75% | 11.72% | $4,266,667 | 20.00% | ||
23 | $1,700,000 | $5,666,667 | $3,966,667 | 11.0% | 8.75% | 11.03% | $4,533,333 | 20.00% | ||
24 | $1,800,000 | $6,000,000 | $4,200,000 | 10.4% | 8.75% | 10.42% | $4,800,000 | 20.00% | ||
25 | $1,900,000 | $6,333,333 | $4,433,333 | 9.9% | 8.75% | 9.87% | $5,066,667 | 20.00% | ||
26 | $2,000,000 | $6,666,667 | $4,666,667 | 9.4% | 8.75% | 9.38% | $5,333,333 | 20.00% | ||
27 | $2,100,000 | $7,000,000 | $4,900,000 | 8.9% | 8.75% | 8.93% | $5,600,000 | 20.00% | ||
28 | $2,200,000 | $7,333,333 | $5,133,333 | 8.5% | 8.75% | 8.75% | $5,714,286 | 22.08% | ||
29 | $2,300,000 | $7,666,667 | $5,366,667 | 8.2% | 8.75% | 8.75% | $5,714,286 | 25.47% | ||
30 | $2,400,000 | $8,000,000 | $5,600,000 | 7.8% | 8.75% | 8.75% | $5,714,286 | 28.57% | ||
31 | $2,500,000 | $8,333,333 | $5,833,333 | 7.5% | 8.75% | 8.75% | $5,714,286 | 31.43% | ||
32 | $2,600,000 | $8,666,667 | $6,066,667 | 7.2% | 8.75% | 8.75% | $5,714,286 | 34.07% | ||
33 | $2,700,000 | $9,000,000 | $6,300,000 | 6.9% | 8.75% | 8.75% | $5,714,286 | 36.51% | ||
34 | $2,800,000 | $9,333,333 | $6,533,333 | 6.7% | 8.75% | 8.75% | $5,714,286 | 38.78% | ||
35 | $2,900,000 | $9,666,667 | $6,766,667 | 6.5% | 8.75% | 8.75% | $5,714,286 | 40.89% | ||
36 | $3,000,000 | $10,000,000 | $7,000,000 | 6.3% | 8.75% | 8.75% | $5,714,286 | 42.86% | ||
37 | $3,100,000 | $10,333,333 | $7,233,333 | 6.0% | 8.75% | 8.75% | $5,714,286 | 44.70% | ||
38 | $3,200,000 | $10,666,667 | $7,466,667 | 5.9% | 8.75% | 8.75% | $5,714,286 | 46.43% | ||
39 | $3,300,000 | $11,000,000 | $7,700,000 | 5.7% | 8.75% | 8.75% | $5,714,286 | 48.05% | ||
40 | $3,400,000 | $11,333,333 | $7,933,333 | 5.5% | 8.75% | 8.75% | $5,714,286 | 49.58% | ||
41 | $3,500,000 | $11,666,667 | $8,166,667 | 5.4% | 8.75% | 8.75% | $5,714,286 | 51.02% | ||
42 | $3,600,000 | $12,000,000 | $8,400,000 | 5.2% | 8.75% | 8.75% | $5,714,286 | 52.38% | ||
43 | $3,700,000 | $12,333,333 | $8,633,333 | 5.1% | 8.75% | 8.75% | $5,714,286 | 53.67% | ||
44 | $3,800,000 | $12,666,667 | $8,866,667 | 4.9% | 8.75% | 8.75% | $5,714,286 | 54.89% | ||
45 | $3,900,000 | $13,000,000 | $9,100,000 | 4.8% | 8.75% | 8.75% | $5,714,286 | 56.04% | ||
46 | $4,000,000 | $13,333,333 | $9,333,333 | 4.7% | 8.75% | 8.75% | $5,714,286 | 57.14% | ||
47 | $4,100,000 | $13,666,667 | $9,566,667 | 4.6% | 8.75% | 8.75% | $5,714,286 | 58.19% | ||
48 | $4,200,000 | $14,000,000 | $9,800,000 | 4.5% | 8.75% | 8.75% | $5,714,286 | 59.18% | ||
49 | $4,300,000 | $14,333,333 | $10,033,333 | 4.4% | 8.75% | 8.75% | $5,714,286 | 60.13% | ||
50 | $4,400,000 | $14,666,667 | $10,266,667 | 4.3% | 8.75% | 8.75% | $5,714,286 | 61.04% | ||
51 | $4,500,000 | $15,000,000 | $10,500,000 | 4.2% | 8.75% | 8.75% | $5,714,286 | 61.90% | ||
52 | $4,600,000 | $15,333,333 | $10,733,333 | 4.1% | 8.75% | 8.75% | $5,714,286 | 62.73% | ||
53 | $4,700,000 | $15,666,667 | $10,966,667 | 4.0% | 8.75% | 8.75% | $5,714,286 | 63.53% | ||
54 | $4,800,000 | $16,000,000 | $11,200,000 | 3.9% | 8.75% | 8.75% | $5,714,286 | 64.29% | ||
55 | $4,900,000 | $16,333,333 | $11,433,333 | 3.8% | 8.75% | 8.75% | $5,714,286 | 65.01% | ||
56 | $5,000,000 | $16,666,667 | $11,666,667 | 3.8% | 8.75% | 8.75% | $5,714,286 | 65.71% | ||
57 | $5,100,000 | $17,000,000 | $11,900,000 | 3.7% | 8.75% | 8.75% | $5,714,286 | 66.39% | ||
58 | $5,200,000 | $17,333,333 | $12,133,333 | 3.6% | 8.75% | 8.75% | $5,714,286 | 67.03% | ||
59 | $5,300,000 | $17,666,667 | $12,366,667 | 3.5% | 8.75% | 8.75% | $5,714,286 | 67.65% | ||
60 | $5,400,000 | $18,000,000 | $12,600,000 | 3.5% | 8.75% | 8.75% | $5,714,286 | 68.25% | ||
61 | $5,500,000 | $18,333,333 | $12,833,333 | 3.4% | 8.75% | 8.75% | $5,714,286 | 68.83% | ||
62 | $5,600,000 | $18,666,667 | $13,066,667 | 3.3% | 8.75% | 8.75% | $5,714,286 | 69.39% | ||
63 | $5,700,000 | $19,000,000 | $13,300,000 | 3.3% | 8.75% | 8.75% | $5,714,286 | 69.92% | ||
64 | $5,800,000 | $19,333,333 | $13,533,333 | 3.2% | 8.75% | 8.75% | $5,714,286 | 70.44% | ||
65 | $5,900,000 | $19,666,667 | $13,766,667 | 3.2% | 8.75% | 8.75% | $5,714,286 | 70.94% | ||
66 | $6,000,000 | $20,000,000 | $14,000,000 | 3.1% | 8.75% | 8.75% | $5,714,286 | 71.43% | ||
67 | $6,100,000 | $20,333,333 | $14,233,333 | 3.1% | 8.75% | 8.75% | $5,714,286 | 71.90% | ||
68 | $6,200,000 | $20,666,667 | $14,466,667 | 3.0% | 8.75% | 8.75% | $5,714,286 | 72.35% | ||
69 | $6,300,000 | $21,000,000 | $14,700,000 | 3.0% | 8.75% | 8.75% | $5,714,286 | 72.79% | ||
70 | $6,400,000 | $21,333,333 | $14,933,333 | 2.9% | 8.75% | 8.75% | $5,714,286 | 73.21% | ||
71 | $6,500,000 | $21,666,667 | $15,166,667 | 2.9% | 8.75% | 8.75% | $5,714,286 | 73.63% | ||
72 | $6,600,000 | $22,000,000 | $15,400,000 | 2.8% | 8.75% | 8.75% | $5,714,286 | 74.03% | ||
73 | $6,700,000 | $22,333,333 | $15,633,333 | 2.8% | 8.75% | 8.75% | $5,714,286 | 74.41% | ||
74 | $6,800,000 | $22,666,667 | $15,866,667 | 2.8% | 8.75% | 8.75% | $5,714,286 | 74.79% | ||
75 | $6,900,000 | $23,000,000 | $16,100,000 | 2.7% | 8.75% | 8.75% | $5,714,286 | 75.16% | ||
76 | $7,000,000 | $23,333,333 | $16,333,333 | 2.7% | 8.75% | 8.75% | $5,714,286 | 75.51% | ||
77 | $7,100,000 | $23,666,667 | $16,566,667 | 2.6% | 8.75% | 8.75% | $5,714,286 | 75.86% | ||
78 | $7,200,000 | $24,000,000 | $16,800,000 | 2.6% | 8.75% | 8.75% | $5,714,286 | 76.19% | ||
79 | $7,300,000 | $24,333,333 | $17,033,333 | 2.6% | 8.75% | 8.75% | $5,714,286 | 76.52% | ||
80 | $7,400,000 | $24,666,667 | $17,266,667 | 2.5% | 8.75% | 8.75% | $5,714,286 | 76.83% | ||
81 | $7,500,000 | $25,000,000 | $17,500,000 | 2.5% | 8.75% | 8.75% | $5,714,286 | 77.14% | ||
82 | $7,600,000 | $25,333,333 | $17,733,333 | 2.5% | 8.75% | 8.75% | $5,714,286 | 77.44% | ||
83 | $7,700,000 | $25,666,667 | $17,966,667 | 2.4% | 8.75% | 8.75% | $5,714,286 | 77.74% | ||
84 | $7,800,000 | $26,000,000 | $18,200,000 | 2.4% | 8.75% | 8.75% | $5,714,286 | 78.02% | ||
85 | $7,900,000 | $26,333,333 | $18,433,333 | 2.4% | 8.75% | 8.75% | $5,714,286 | 78.30% | ||
86 | $8,000,000 | $26,666,667 | $18,666,667 | 2.3% | 8.75% | 8.75% | $5,714,286 | 78.57% | ||
87 | $8,100,000 | $27,000,000 | $18,900,000 | 2.3% | 8.75% | 8.75% | $5,714,286 | 78.84% | ||
88 | $8,200,000 | $27,333,333 | $19,133,333 | 2.3% | 8.75% | 8.75% | $5,714,286 | 79.09% | ||
89 | $8,300,000 | $27,666,667 | $19,366,667 | 2.3% | 8.75% | 8.75% | $5,714,286 | 79.35% | ||
90 | $8,400,000 | $28,000,000 | $19,600,000 | 2.2% | 8.75% | 8.75% | $5,714,286 | 79.59% | ||
91 | $8,500,000 | $28,333,333 | $19,833,333 | 2.2% | 8.75% | 8.75% | $5,714,286 | 79.83% | ||
92 | $8,600,000 | $28,666,667 | $20,066,667 | 2.2% | 8.75% | 8.75% | $5,714,286 | 80.07% | ||
93 | $8,700,000 | $29,000,000 | $20,300,000 | 2.2% | 8.75% | 8.75% | $5,714,286 | 80.30% | ||
94 | $8,800,000 | $29,333,333 | $20,533,333 | 2.1% | 8.75% | 8.75% | $5,714,286 | 80.52% | ||
95 | $8,900,000 | $29,666,667 | $20,766,667 | 2.1% | 8.75% | 8.75% | $5,714,286 | 80.74% | ||
96 | $9,000,000 | $30,000,000 | $21,000,000 | 2.1% | 8.75% | 8.75% | $5,714,286 | 80.95% | ||
97 | $9,100,000 | $30,333,333 | $21,233,333 | 2.1% | 8.75% | 8.75% | $5,714,286 | 81.16% | ||
98 | $9,200,000 | $30,666,667 | $21,466,667 | 2.0% | 8.75% | 8.75% | $5,714,286 | 81.37% | ||
99 | $9,300,000 | $31,000,000 | $21,700,000 | 2.0% | 8.75% | 8.75% | $5,714,286 | 81.57% | ||
100 | $9,400,000 | $31,333,333 | $21,933,333 | 2.0% | 8.75% | 8.75% | $5,714,286 | 81.76% | ||
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