What is my ownership after 2 rounds? Convertible with discount

You own a 70% stake in your company.

Ready to calculate your ownership after 2 rounds?

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

Next:

• Equity or convertible with discount?
• Discount or cap?