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Cap table dilution simulator.

Add founders, an ESOP, SAFEs, priced rounds. See exactly who owns what after each event — without paying $99/mo for Carta.

— Cap table events (in order)
— Final cap table
SAFEs convert at the next priced round at the lower of (post-money valuation cap) or (round price × (1 − discount)). This calculator uses the standard post-money SAFE conversion popularized by YC. Anti-dilution provisions, liquidation preferences, and warrant coverage are not modeled.