Cap TableConfidential01/26/2011Page 1Private Company Funding ModelFunding round:SeedRound 1Round 2Round 3Round 4Day Before IPODate1/1/20061/1/20071/1/20081/1/20081/1/20091/1/2010Co Sales ($m) $- $- $4 $12 $30 $50Value/Sales ratio9.26.96.0Share price $0.286 $1.28 $3.37 $7.60 $12.93 $17.56Company Valuation ($m)Pre-Money Valuation $1.0 $8.0 $35.0 $100.0 $200.0 $300.0Cash from Investors $0.5 $4.0 $6.0 $10.0 $8.0 $-Post-Money Valuation $1.5 $12.0 $41.0 $110.0 $208.0 $300.0Shares Sold (000) 1,730 3,125 1,779 1,315 619 -Shares to VP & Emp 1,000 1,000 1,000 1,000 1,000 1,000Share ownership (000)Investors 1,730 4,855 6,634 7,949 8,568 8,568Founders 2,520 2,520 2,520 2,520 2,520 2,520VPs & Employees 1,000 2,000 3,000 4,000 5,000 6,000Total 5,250 9,375 12,154 14,469 16,088 17,088Percentage ownershipInvestors33%52%55%55%53%50%Founders48%27%21%17%16%15%VPs & Employees19%21%25%28%31%35%Total100%100%100%100%100%100%Investors' results by roundWealth at IPO ($m) $30.38 $54.9 $31.2 $23.1 $10.9 $-Investors' multiple61.413.75.22.31.41.0ROI %/year180%139%128%52%36%Wealth at IPO ($m)Investors (all) $150.5Founders $44.3VPs & Employees $105.4Total $300.1
Leave a Comment