Excel templateFree · about 20 min to fill in
Cap table and dilution simulator
How your capital is split today, and after one or two funding rounds.
The file is in French.
Get the template for freeWhat the template contains
- Shareholder table with percentages calculated automatically
- Simulation of two rounds: pre-money valuation and amount raised
- Price per share, new shares, post-money valuation and the new investors' stake
- Founders' cumulative dilution
- Calculation formula explained in the file
Before discussing valuation, you need to know what each scenario means for you. This simulator shows, round after round, what you give up and what you keep.
The calculation counts all existing shares, including granted BSPCE (French employee share warrants). Your articles of association and shareholders' agreement may provide for different mechanisms: have them checked by your adviser.
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Pre-money, post-money, dilution: the practical guide
Three concepts, two formulas and a worked example to know exactly what you are giving up.
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