Category: Convertible Notes and SAFEs
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02 SAFEs and convertible notes
TL;DR: If you’re thinking about a seed round involving SAFEs or convertible notes, you can use Excel to model their effect on your common stock. No matter how simple the documents may seem, never just “sign and close” without thinking through the effects of dilution. Download the open-source cap table and the example spreadsheet. *…
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03 First preferred equity financing and pool expansion
TL;DR: Once you’re ready to raise a “real” equity round, such as Series Seed or Series A, use Excel to consider the effects of an option pool increase and the conversion of your SAFEs and convertible notes. Download the open-source cap table and the example spreadsheet. * * * As I discussed in the previous…