Modified - The Doubling Model
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RoundPost-MoneyInvestors OwnSeed Investors OwnDilute with foundersGet back in CGet back in BMin Seed Dolution
Aggressive Follow to C
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Seed$7,500,00020.0%20.0%10.00%10.00%10.00%10.00%10.00%
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Seed+$15,000,00036.0%16.0%8.00%8.00%8.00%10.00%10.00%
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Srs A$30,000,00048.8%12.8%6.40%6.40%6.40%8.00%10.00%
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Srs B$60,000,00059.0%10.2%5.12%5.12%7.62%6.40%10.00%
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Srs C$120,000,00067.2%8.2%4.10%5.35%6.10%5.12%8.00%
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Srs D$240,000,00073.8%6.6%3.28%4.28%4.88%4.10%6.40%
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Srs E$480,000,00079.0%5.2%2.62%3.42%3.90%3.28%5.12%
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Exit$1,000,000,000
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Dilute with Founders
Get back in at CGet back in at B
Minimize Seed Dilution
Aggessive Follow-on
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Seed Investor Multiple
35.015.217.331.2117.96
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Av Invested per co$750,000$1,250,000.00$1,250,000.00$850,000.00$1,640,000
Assumes any follow-ons happen 1/3 of the time.
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Implied fund size$26,214,400$34,214,400$39,014,400$32,768,000$51,200,000
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Implied portfolio size3527313931
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1. Much depends on fund size
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2. Much depends on whether you plan to fly solo or be in a syndicate
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3. Pro-rata matters but seems more likely if you can sneak back in at B or C?
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