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FUNDRAISING SCENARIOS
Round Modeling, Dilution Analysis, and Cap Table
ROUND DETAILS (from Assumptions)          
  Pre-Seed Seed Series A Series B Total
Raise Amount $1,500,000 $5,000,000 $15,000,000 $35,000,000 $56,500,000
Timing (Month #) 1 12 24 42  
Post-Money Valuation $7,500,000 $20,000,000 $75,000,000 $200,000,000  
Pre-Money Valuation $6,000,000 $15,000,000 $60,000,000 $165,000,000  
Dilution (%) 20.0% 25.0% 20.0% 17.5%  
Valuation Step-Up (x) 1.0x 2.7x 3.8x 2.7x  
CAP TABLE (SIMPLIFIED)          
Shareholder Pre-Seed Post-Seed Post-Series A Post-Series B
Founders 70.0% 47.5% 35.0% 26.9%
ESOP Pool 10.0% 12.5% 13.0% 12.7%
Pre-Seed Investors 20.0% 15.0% 12.0% 9.9%
Seed Investors 0.0% 25.0% 20.0% 16.5%
Series A Investors 0.0% 0.0% 20.0% 16.5%
Series B Investors 0.0% 0.0% 0.0% 17.5%
Total 100.0% 100.0% 100.0% 100.0%
FOUNDER VALUE ANALYSIS          
  Pre-Seed Post-Seed Post-Series A Post-Series B
Founder Ownership % 70.0% 47.5% 35.0% 26.9%
Company Valuation $7,500,000 $20,000,000 $75,000,000 $200,000,000
Founder Equity Value $5,250,000 $9,500,000 $26,250,000 $53,750,000
Cumulative Dilution from Founding 30.0% 52.5% 65.0% 73.1%
NOTES
- Dilution = Raise Amount / Post-Money Valuation. Cap table assumes pro-rata dilution.
- ESOP pool refreshed at each round (typical: 5% at Seed, 3% at A, 2% at B).
- Source: Fundraising assumptions from Assumptions sheet. All values are sample data.