Free Tool

SAFE Dilution Calculator

See how a SAFE converts to equity. Model your dilution before you sign anything.

SAFE investment amount ($)

Valuation cap ($)

Discount rate (%)

Pre-money valuation at next round ($)

Effective Valuation

$5.0M

via Valuation Cap

Investor Ownership

3.85%

Founders: 96.15%

SAFE Investor: 3.85%

Price via cap ($5.0M cap)$5.0M (used)

Price via discount (20% off)$8.0M

Investor gets the lower price$5.0M

What This Means

An investor putting $200K into your company via a SAFE with a $5.0M cap will own 3.85% when the SAFE converts at your next priced round (assuming a $10.0M pre-money valuation). The conversion uses the valuation cap because it gives the investor a lower effective price.

Read the full guide: SAFE vs Convertible Note

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