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Acme, Inc.

Capitalization Table
(Current)
Common Stock Common %
Common % w/o
Pool Series A[1] Series A % Total Shares Total %
Investors
Investor #1 - 0.0% 0.0% 5,000,000 15.9% 5,000,000 11.5%
Investor #2 - 0.0% 0.0% 25,000,000 79.4% 25,000,000 57.5%
Investor #3 - 0.0% 0.0% 1,000,000 3.2% 1,000,000 2.3%
Investor #4 - 0.0% 0.0% 250,000 0.8% 250,000 0.6%
Investor #5 - 0.0% 0.0% 250,000 0.8% 250,000 0.6%
Founders
Founder #1 5,000,000 41.7% 50.0% - 0.0% 5,000,000 11.5%
Founder #2 5,000,000 41.7% 50.0% - 0.0% 5,000,000 11.5%
20__ Equity Incentive Plan
Granted Option Shares 1,000,000 8.3% n/a - 0.0% 1,000,000 2.3%
Available (Ungranted) Option Shares 1,000,000 8.3% n/a - 0.0% 1,000,000 2.3%
12,000,000 100.0% 100.0% 31,500,000 100.0% 43,500,000 100.0%
[1] This example assumes that the Series A converts into Common Stock at a 1:1 ratio. If the Series A converts into Common Stock at anything other than a 1:1 ratio, then
the Series A columns should be expanded into a "nominal shares" column and an as-converted shares column and all calculations in which the Series A shares are combined with the
shares of any other class or series (e.g., the "Total Shares" calculation) should draw on the as-converted shares.
Pre-money valuation ($) 10,000,000.00 $ (Cells in yellow can be changed to get different results)
New money ($) 1,000,000.00 $
Available pool (%) 10.00%
Post-money valuation ($) 11,000,000.00 $
Value of new pool ($) 1,100,000.00 $ (While meaured as a function of the post-money, this reduces the effective pre-money so that it doesn't dilute the new money).
Implied pre-money, pre-pool value ($) 8,900,000.00 $
Summary pre-money capitalization
Series A 31,500,000 72.41%
Common Stock 10,000,000 22.99%
Options (granted) 1,000,000 2.30%
Options (available) 1,000,000 2.30%
Total 43,500,000 100.00%
Pre-money shares, less existing pool 42,500,000 (This is reduced by available pool to back out to "known" amounts, allowing us to compare apples to applies)
Price per share ($) 0.2094 $
New $ - Series B Shares 4,775,322
Pool Increase 4,252,854
Total post-money shares 52,528,176
Checks:
Post-money value 10,999,925.34 $
Aggregate new pool percent 10.00%
Series B Percent 9.09%
Summary post-money capitalzation
Series A 31,500,000 59.97%
Series B 4,775,322 9.09%
Common Stock 10,000,000 19.04%
Options (granted) 1,000,000 1.90%
Options (available) 5,252,854 10.00%
Total 52,528,176 100.00%
(Cells in yellow can be changed to get different results)
(While meaured as a function of the post-money, this reduces the effective pre-money so that it doesn't dilute the new money).
(This is reduced by available pool to back out to "known" amounts, allowing us to compare apples to applies)
Acme, Inc.
Capitalization Table
(Pro-Forma)
Common Stock Common %
Common % w/o
Pool Series A[1] Series A % Series B[1] Series B % Preferred % Total Shares Total %
Investors
New Investor - 0.0% 0.0% - 0.0% 4,775,322.0 100.0% 11.6% 4,775,322.0 8.3%
Investor #1 - 0.0% 0.0% 10,000,000.0 27.4% - 0.0% 24.2% 10,000,000.0 17.4%
Investor #2 - 0.0% 0.0% 25,000,000.0 68.5% - 0.0% 60.6% 25,000,000.0 43.5%
Investor #3 - 0.0% 0.0% 1,000,000.0 2.7% - 0.0% 2.4% 1,000,000.0 1.7%
Investor #4 - 0.0% 0.0% 250,000.0 0.7% - 0.0% 0.6% 250,000.0 0.4%
Investor #5 - 0.0% 0.0% 250,000.0 0.7% - 0.0% 0.6% 250,000.0 0.4%
Founders
Founder #1 5,000,000.0 30.8% 35.1% - 0.0% - 0.0% 0.0% 5,000,000.0 8.7%
Founder #2 5,000,000.0 30.8% 35.1% - 0.0% - 0.0% 0.0% 5,000,000.0 8.7%
20__ Equity Incentive Plan
Granted Option Shares 1,000,000.0 6.2% n/a - 0.0% - 0.0% 0.0% 1,000,000.0 1.7%
Available (Ungranted) Option Shares 1,000,000.0 6.2% n/a - 0.0% - 0.0% 0.0% 1,000,000.0 1.7%
Available Option Shares (Increase) 4,252,854.0 26.2% n/a - 0.0% - 0.0% 0.0% 4,252,854.0 7.4%
16,252,854.0 100.0% 70.2% 36,500,000.0 100.0% 4,775,322.0 100.0% 100.0% 57,528,176.0 100.0%
[1] This example assumes that the Preferred converts into Common Stock at a 1:1 ratio. If the Preferred converts into Common Stock at anything other than a 1:1 ratio, then
the Preferred columns should be expanded into a "nominal shares" column and an as-converted shares column and all calculations in which the Preferred shares are combined with the
shares of any other class or series (e.g., the "Total Shares" calculation) should draw on the as-converted shares.