Venture Hacks Series A Cap Table

Series A - Table 1Misc Inputs and OutputsEffective Pre-Money$3,325,000Share Price$0.332500Pre-Money$4,000,000Post-Money Pool15%Post-Money$4,500,000Debt Discount35%Series A Cap TableInvestmentSharesOwnershipSeries A Investor 1$25,00075,1880.56%Wes$75,000225,5641.67%Series A Investor 2$400,0001,203,0088.89%Total Series A$500,0001,503,75911.11%Lender 1$000.00%Lender 2$000.00%Total Seed Debt$000.00%Common Stock and Pre-Money Options10,000,00073.89%(from the 2nd worksheet)Post-Money Options2,030,07515.00%Total$500,00013,533,835100.00%SummaryPre-MoneyPost-MoneyShare ValueExit ValueFounders55.00%40.64%$1,828,750$8,127,778Preferred0.00%11.11%$500,000$2,222,222All Options45.00%48.25%$2,171,250$9,650,000Total100.00%100.00%$4,500,000$20,000,000Instructions!!!Everything is calculated from the blue numbers in both worksheets. Fill them in.NotesWe assume that all of the Debt and Post-Money Options come out of the Pre-Money.We assume that all of the Pre-Money Options have been allocated.Effective Pre-Money is the value of the Common Stock and Pre-Money Options, i.e. it does not include the Debt and Post-Money Options.Debt calculations do not include interest payments.Exit Value assumes there is no liquidation preference and no additional dilution before an exit.Share Value assumes that the Common Stock's fair market value is equal to the Share Price;in reality, the Common Stock's fair market value is much lower than the Share Price.CalculationsFor your information, after you fill in the blue numbers, the main variables are calculated with the following equations.These are useful if you want to customize the spreadsheet.Post-Money = Pre-Money + Total Series AShare Price = (Pre-Money - Post Money x Post-Money Pool - Total Seed Debt / (1 - Debt Discount)) / Common Stock and Pre-Money OptionsEffective Pre-Money = Share Price x Common Stock and Pre-Money OptionsPost-Money Options = Post Money x Post-Money Pool / Share PriceInvestor Shares = Investment / Share PriceLender Shares = Investment / (Share Price x (1 - Debt Discount))

Common and Pre-Money Options - Common Stock and Pre-Money OptionsSharesPost-MoneyShare ValueExit ValueCommon StockNathan Leggatt5,500,00040.64%$1,828,750$8,127,778Founder 200.00%$0$0Total Common5,500,00040.64%$1,828,750$8,127,778Pre-Money OptionsTerry Evans1,000,0007.39%$332,500$1,477,778Justin Bull300,0002.22%$99,750$443,333Option Pool3,200,00023.64%$1,064,000$4,728,889Employee00.00%$0$0Employee00.00%$0$0Total Options4,500,00033.25%$1,496,250$6,650,000Common Stock and Pre-Money Options10,000,00073.89%$3,325,000$14,777,778

Yo! Read this. - Table 2Yo! Thanks for buying this cap table. Please dont make copies of this spreadsheet.You can buy it at http://venturehacks.com/articles/cap-tableDisclaimer - Read This!Use this spreadsheet to learn more about cap tables and illustrate what your cap table might look like. Then hire a lawyer to maintain the companys official cap table. Venture Hacks makes no representations that this cap table is accurate in any way or is fit for any purpose. This is not legal advice. We are not lawyers. Get a lawyer. Venture Hacks does not take responsibility for anything that results from using this cap table, including, but not limited to, losing all your money and going to jail. If you did not receive this cap table from venturehacks.com, it may have been modified by a third party. We take no responsibility for these modifications.Copyright Venture Hackshttp://venturehacks.com/Version 0.9 (Oct 24 2009)(You can always find the latest version at http://venturehacks.com/articles/cap-table )

You can buy it at http://venturehacks.com/articles/cap-tablehttp://venturehacks.com/(You can always find the latest version at http://venturehacks.com/articles/cap-table )