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Notes: Made by @JMFayal

1. This Cap table should be used to estimate ownerships after a Series A investment

2. Go to File > Options > Formulas > click to enable iterative functions3. Holdings should be used for foudners equity, Seed should be used for convertible seed debt (can also

4. Start at Holdings, move onto seed, then series A

5. The Series A estimated investment should not be added under Series A (That is just for additional inv

6. This Cap Table does not work as a perfect Waterfall model because it does not take into account the

7. If you have any suggestions/ corrections feel free to post a new version to LauncHive.com, or email

Note: If you have an iterative function go to File > Options > Formulas > Click the Allow Iterative Calc

7/29/2019 Estimated Cap Table (Seed and Estimating Series A)

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be equity), and Series A for equity investments by the existing syndicate

estments by the current syndicate), instead it should be made on the Cap Table tab in the 'New Investor

liquidation preferences of the investors

e at JMFayal@gmail.com

lation square

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' cell

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Number of Total Shares 1,000,000

Shareholders Position Stake SharesFounder 1 Founder 80% 800,000

Founder 2 Founder 5% 50,000

Accelerator Accel 5% 50,000

Founding Team Total 90% 900,000

Incentive Pool 10% 100,000

Total 100% 1,000,000

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Note:' Conversion Date' refers to the Series A investment when the debt converts to equit

Conversion Date 7/30/2014

Round Name Seed Round

Pre-Money/ Ceiling $2,000,000.00Series Investment $450,000.00

Interest 10%

Discount 0%

Months until warrant coverage swithces 12

Warrant coverage before 10% Note: Not

Warrant coverage after 20%

Investors Investment Date Amount

Seed VC 1 12/31/2013 $100,000.00

Seed VC 2 12/31/2013 $100,000.00

Investor 1 12/31/2013 $100,000.00

Investor 2 12/31/2013 $50,000.00

Investor 3 12/31/2013 $50,000.00

Investor 4 12/31/2013 $50,000.00

Founders/ Employees Investment Date Amount

Founder 1

Founder 2

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ll warrants change % after a certain period

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Note: if the investment is pro rata there is

Round Name Series A

Pro Rata Investment No

Total Pro Rata Investment Amount $500,000.00

Investors Investment Date Pro Rata Investment

Seed VC 1

Seed VC 2

Investor 1

Investor 2

Investor 3

Investor 4

Founders/ Employees Investment Date Pro Rata Investment

Founder 1

Founder 2

Accelerator

Total $0.00

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no need to fill in 'Non P.R. Investment' section

Non P.R. Investment

Non P.R. Investment

$0.00

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Valuation Common Ownership Investment Interest Common Warrants

Founder 1 800,000 80% 800,000

Founder 2 50,000 5% 50,000

Accelerator 50,000 5% 50,000

Incentive Pool 100,000 10% 204,795

Seed VC 1 $100,000 $5,781 5,000

Seed VC 2 $100,000 $5,781 5,000

Investor 1 $100,000 $5,781 5,000

Investor 2 $50,000 $2,890 2,500

Investor 3 $50,000 $2,890 2,500

Investor 4 $50,000 $2,890 2,500

Series A

Total $2,000,000.00 1,000,000 100% $450,000 $26,014 1,104,795 22,500

Ceiling $2,000,000.00 Post Seed $2,476,013.70

Per Share $2.00 Per Share $2.00

Seed IFounding

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New Pref Total Ownership Investment New Common New Pref Total Ownership Relative Value S1

800,000 58.60% 800,000.00 39.06% $3,515,705

50,000 3.66% 50,000.00 2.44% $219,732

50,000 3.66% 50,000.00 2.44% $219,732

204,795 15.00% 204,795.33 10.00% $900,000

52,890 57,890 4.24% 57,890 2.83% $254,407

52,890 57,890 4.24% 57,890 2.83% $254,407

52,890 57,890 4.24% 57,890 2.83% $254,407

26,445 28,945 2.12% 28,945 1.41% $127,204

26,445 28,945 2.12% 28,945 1.41% $127,204

26,445 28,945 2.12% 28,945 1.41% $127,204

3,000,000$ 682,651 682,651 33.33%

238,007 1,365,302 100.00% 3,000,000$ 2,047,953 100.00% $6,000,000

Existing Investors

Pre A $6,000,000 Yes 10%

New Investors $3,000,000 Note: This refills the equity pool pre series A inv

Total Investment $3,000,000

Post A $9,000,000

Series A

Refill Incentive Pool?

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Relative Value SA Ownership Total Value Total Invetment x Return

39.06% $3,515,705

2.44% $219,732

2.44% $219,732

10.00% $900,000

2.83% $254,407 $100,000 2.54

2.83% $254,407 $100,000 2.54

2.83% $254,407 $100,000 2.54

1.41% $127,204 $50,000 2.54

1.41% $127,204 $50,000 2.54

1.41% $127,204 $50,000 2.54

3,000,000$ 33.33% $3,000,000 $3,000,000 1.00

$3,000,000 100.00% $9,000,000 $3,450,000 1.20 Note: total x retrun only includes investors, no founders

stment (I.E. the series A investors are not dilluted)

Post Series A

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