Financing Roadmap Worksheet

Inputs:
Years to Exit 4
Exit Value $30,000,000
Employee Bonus Pool 20%

Outputs:
Employee Bonus Pool (Diluted) 5.6%
Founder Team (Diluted) 22.2%
Liquidity Value to Founder Team $ 5,915,593
Implied Annual Value of Founding Team $ 1,478,898
Cost of Money Raised $ 24,084,407
Effective Investor Return Multiple 10.70

ADD EACH FINANCING ROUND EXPECTED BELOW

Series Year of Investment Pre Money Investment Dividend

A 0 $ 500,000 $ 250,000 10%
B 1 $ 1,000,000 $ 1,000,000 10%
C 2 $ 5,000,000 $ 1,000,000 10%
D 3 $ - $ - 10%
E 4 $ - $ - 10%
F 4 $ - $ - 10%
G 4 $ - $ - 10%

Calculations - DO NOT TOUCH

Financing Round Investment Dividend Paid Liquidation Pref

A $ 250,000 $ 116,025 $ 475,833
B $ 1,000,000 $ 331,000 $ 1,331,000
C $ 1,000,000 $ 210,000 $ 1,573,000
D $ - $ - $ -
E $ - $ - $ -
F $ - $ - $ -
G $ - $ - $ -
$ 2,250,000 $ 657,025 $ 3,379,833
I
Liquidation Pref. Post Money Valuation Years To Exit Dividends Annual
1.30 $ 750,000 4 $ 25,000
1.00 $ 2,000,000 3 $ 100,000
1.30 $ 6,000,000 2 $ 100,000
1.00 $ - 1 $ -
1.30 $ - 0 $ -
1.00 $ - 0 $ -
1.50 $ - 0 $ -

Cumulative
Liquidation Preference Cummulative % of
Costs Dilution company given up Employee Option Pool
$ 475,833 33.3% 33.3% 13.3%
$ 1,806,833 50.0% 66.7% 6.7%
$ 3,379,833 16.7% 72.2% 5.6%
$ 3,379,833 0.0% 72.2% 5.6%
$ 3,379,833 0.0% 72.2% 5.6%
$ 3,379,833 0.0% 72.2% 5.6%
$ 3,379,833 0.0% 72.2% 5.6%
$ 3,379,833 72.2%
 Net Proceeds to
Net Equity % to Founders Founders
53.3% $ 15,746,223
26.7% $ 7,518,178
22.2% $ 5,915,593
22.2% $ 5,915,593
22.2% $ 5,915,593
22.2% $ 5,915,593
22.2% $ 5,915,593
$ 5,915,593