How much equity do I sell with a convertible?

You raise 200k on a convertible with an 800k cap?

Then you sell a 16% stake in your company.

Ready to calculate how much equity you sell with a convertible?

  1. Get the Excel. It’s free
  2. Decide how much money you need to achieve your first milestone
  3. Set the convertible investor’s pre-money cap
  4. Determine the investment you need to achieve your second milestone
  5. Forecast the pre-money valuation for your seed round

To simplify, ignore the interest on the convertible.