How it works

Every round buys a piece of the company. This shows how much of it stays with the founders, round after round, with the two instruments early founders actually sign: SAFEs and priced rounds.

  1. 01

    Start from your founding split

    Enter each founder's share, or carry it over from the cofounder equity calculator in one click.

  2. 02

    Stack your rounds

    A SAFE buys its amount divided by its post-money cap, and converts at the next priced round: at the round price when that is lower. A priced round tops up the option pool before the new money comes in, the way investors ask for it.

  3. 03

    Read what you keep

    Ownership after every round, the full cap table, and what the founders' stake is worth on paper. Copy the link to share the same numbers.

SAFEs are modeled as post-money SAFEs with a valuation cap and no discount. A starting point for the conversation with your investors and your lawyer. Everything runs in your browser, nothing is uploaded. A free tool from Dogfooded studio.

Starting a company? See how we work with founders.

Founders keep

63%after Seed

Worth $6.3M on paper at a $10M post-money valuation.

Ownership after each round

OwnershipFounders

Founding

100%

Pre-seed

SAFE, $5M cap

90%

Seed

$10M post

63%

  • Founder 1
  • Founder 2
  • Option pool
  • Investors, darker for earlier rounds

Cap table

ShareholderFoundingPre-seedSAFE, $5M capSeed$10M post
Founder 150%45%31.5%
Founder 250%45%31.5%
All founders100%90%63%
Option pool10%
Pre-seed investors10%7%
Seed investors20%

A SAFE stage shows the SAFEs converted at their cap. The next priced round converts them for real, at the round price when it is lower.

  • Seed: the option pool is topped up to 10% before the new money comes in.