| A | B | C | D | E | F | G | H | I | J | |
|---|---|---|---|---|---|---|---|---|---|---|
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2 | This is showcase how SAFEs works before and after priced Round | |||||||||
3 | Use it :) Have any questions or comments? Write me tg:@over_river | |||||||||
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5 | You can edit yellow cells | When you make a copy | ||||||||
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7 | ||||||||||
8 | Original cap table | |||||||||
9 | Common Stocks | Prefs | Stock Plan | Total | Outstanding Ownership | Fully diluted Ownership | ||||
10 | Founders | 9,250,000 | 9,250,000 | 93.43% | 92.50% | |||||
11 | Option pool | |||||||||
12 | Outstanding options | 650,000 | 650,000 | 6.57% | 6.50% | |||||
13 | Total outstanding | 9,250,000 | 0 | 650,000 | 9,900,000 | 100.00% | 99.00% | |||
14 | Option pool | |||||||||
15 | Available options | 100,000 | 100,000 | 1.00% | ||||||
16 | Total fully diluted | 9,250,000 | 0 | 750,000 | 10,000,000 | 100.00% | ||||
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18 | ||||||||||
19 | SAFE Financing | Amount | Cap | ~ investor ownership | Pro-rata | |||||
20 | SAFE 1 | $200,000 | $4,000,000 | 5.00% | NO | |||||
21 | SAFE 2 | $800,000 | $8,000,000 | 10.00% | YES | |||||
22 | Total | $1,000,000 | 15.00% | |||||||
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25 | ||||||||||
26 | Round A assumptions | |||||||||
27 | Pre-money Valuation | $15,000,000 | New Option Pool | 10% | ||||||
28 | Round Amount | $5,000,000 | New Option Pool | 1,695,000 | ||||||
29 | Post-money Valuation | $20,000,000 | ||||||||
30 | ||||||||||
31 | ||||||||||
32 | Company Capitalization = Capital Stock Issued and Outstanding + Issued, Outstanding, and Promised Options + Unissued Options Pool + Converting Securities | |||||||||
33 | ||||||||||
34 | Company Capitalization | 11,764,705 | ||||||||
35 | ||||||||||
36 | Safe convertion Captable | |||||||||
37 | Common Stocks | Prefs | Stock Plan | Total | Outstanding Ownership | Fully diluted Ownership | ||||
38 | Founders | 9,250,000 | 9,250,000 | 79.30% | 78.63% | |||||
39 | Option pool | |||||||||
40 | Outstanding options | 650,000 | 650,000 | 5.57% | 5.53% | |||||
41 | SAFE 1 | 588,235 | 588,235 | 5.04% | 5.00% | |||||
42 | SAFE 2 | 1,176,470 | 1,176,470 | 10.09% | 10.00% | |||||
43 | Total outstanding | 9,250,000 | 1,764,705 | 650,000 | 11,664,705 | 100.00% | 99.15% | |||
44 | Option pool | |||||||||
45 | Available options | 100,000 | 100,000 | 0.85% | ||||||
46 | Total fully diluted | 9,250,000 | 1,764,705 | 750,000 | 11,764,705 | 100.00% | ||||
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48 | ||||||||||
49 | ||||||||||
50 | Series A Price per Share = pre-money valuation / (total fully diluted shares post safe conversion + option pool increase) | |||||||||
51 | ||||||||||
52 | Series A Price per Share | $1.1144 | ||||||||
53 | ||||||||||
54 | Round Amount | $5,000,000 | ||||||||
55 | Shares to be sold | 4,486,719 | ||||||||
56 | ||||||||||
57 | Investor 3 | $4,000,000.00 | 3,589,375 | |||||||
58 | Investor B’s pro rata = Total Series A Shares * pro rata ownership percentage | |||||||||
59 | Pro-rata SAFE 2 | $499,998.96 | 448,671 | |||||||
60 | Rest of the round | $500,001 | 448,673 | |||||||
61 | ||||||||||
62 | After round cap Table | |||||||||
63 | Common Stocks | Prefs | Stock Plan | Total | Outstanding Ownership | Fully diluted Ownership | ||||
64 | Founders | 9,250,000 | 9,250,000 | 57.27% | 51.5% | |||||
65 | Option pool | |||||||||
66 | Outstanding options | 650,000 | 650,000 | 4.02% | 3.6% | |||||
67 | SAFE 1 | 588,235 | 588,235 | 3.64% | 3.3% | |||||
68 | SAFE 2 | 1,625,141 | 1,625,141 | 10.06% | 9.1% | |||||
69 | Initial amount | 1,176,470 | ||||||||
70 | Round A Amount | 448,671 | ||||||||
71 | Investor 3 | 3,589,375 | 3,589,375 | 22.22% | 20.0% | |||||
72 | Other new Investors | 448,673 | 448,673 | 2.78% | 2.5% | |||||
73 | Total outstanding | 9,250,000 | 6,251,424 | 650,000 | 16,151,424 | 100.00% | 90.0% | |||
74 | Option pool | |||||||||
75 | Available options | 1,795,000 | 1,795,000 | 10.0% | ||||||
76 | Total fully diluted | 9,250,000 | 6,251,424 | 2,445,000 | 17,946,424 | 100.0% | ||||
77 | ||||||||||