SAFE and Convertible Note Calculator
This calculator is intended to help founders plan for Note and SAFE financings by demonstrating the impact of conversion in a future priced round. This tool was built with common market terms in mind, but terms may vary based on the specific financing documents used.
1. Current cap table
Total fully diluted
Number of shares
Options remaining in pool
Number of shares
Your Ownership
Number of shares
2. First priced round
This could be a Series Seed or Series A
New investment
Excluding SAFEs and Notes
Pre-money valuation of priced round
Available option pool after priced round
Percentage of fully diluted
3. Add SAFEs and Convertible Notes
Represents ownership after conversion and option pool with priced round financing
SAFEs
| Type | Principal | Valuation cap | Discount | Share price | Converted Shares | Ownership | ||
|---|---|---|---|---|---|---|---|---|
% | $1.36 | 368,650 | 4.48% | |||||
% | $1.18 | 422,297 | 5.13% | |||||
| Subtotal | 790,947 | 9.60% | ||||||
Convertible Notes
| Type | Principal (incl. Interest) | Valuation cap | Discount | Share price | Converted Shares | Ownership | ||
|---|---|---|---|---|---|---|---|---|
| Note | % | $1.81 | 276,472 | 3.36% | ||||
| Subtotal | 276,472 | 3.36% | ||||||
Total
1,067,419
12.96%
Calculation results
Valuation and ownership percentages after priced round and conversion of all SAFEs and notes
Post-money valuation
$30,000,000
Price per share
$3.64
SAFE / Note %
12.96%
New investors %
33.33%
Your post-priced round ownership %
30.35%
Value of your shares post-priced round
$9,105,750
Your current (pre-priced round) ownership
62.50% of fully-diluted: 2,500,000
Fully-diluted shares: 4,000,000
Your post-priced round ownership
30.35% of fully-diluted: 2,500,000
Fully-diluted shares: 8,236,596
Ownership for different pre-round valuations
This calculator is provided for your informational purposes only by eShares, Inc. dba Carta, Inc. ("Carta"). Carta does not provide legal, tax, or financial advice, and the use of this calculator is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. USE OF THIS CALCULATOR IS ENTIRELY AT YOUR OWN RISK, AND CARTA ASSUMES NO LIABILITY FOR THE USE OF OR RELIANCE ON THIS CALCULATOR. Carta provides no assurances of this calculator's applicability or accuracy with respect to your particular circumstances. This calculator is provided "as is" without warranty of any kind, either express, implied, or statutory, including without limitation, warranties of merchantability, fitness for a particular purpose, or non-infringement.