Dilution For First $1.5m Raise

	A	B	C	D	E	F	G	H
1	Dilution for First Raise
2	Copy this sheet to map out your raise.
3	You should aim to dilute by up to 20% for at least your first $1.5m raise
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5					Dilution After Raise
6			Raise ($ks)	Cap ($ks)	First Close	Second Close	Third Close	Fourth Close
7			100	2000	5.00%	4.75%	4.49%	4.26%
8			300	6000		5.00%	4.72%	4.49%
9			500	9000			5.56%	5.28%
10			750	15000				5.00%
11		Total	1650					19.03%
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