You “give away” a 9.4% stake in your company.
Ready to calculate how much equity you sell with your convertible?
- Get the Excel. It’s free
- Decide on how much money you need to achieve your first milestone
- Set the discount on the convertible
- Forecast how much money you need to achieve your second milestone
- Estimate the pre-money valuation for your first priced round
To simplify, ignore the interest on the convertible.