It lets you model multiple rounds of financing with multiple investors, and shows you the changes in percentage shareholding, return on investment, etc.

It’s easy to use, doesn’t require a download (runs best in Chrome, not at all in IE yet), and it’s free!

We’d appreciate anyone trying it out and giving us some feedback.

You can find it here: http://www.sumwise.com/templates/capitalization-table

Cheers
Darren

What does a sample of terms of the deal look like.? A generic sample is fine.

Is it simply writing we are raising 200k for 20% of the company or is it more than this?

I have also read about angels sending term sheet and startups preparing and signing terms sheets before approaching investors. I’m a bit confused who should prepare term sheet. Investors or startups?
At what point are all these necessary in the process?

Our long term raise is $1m in the next 24 months. Can we indicate this on startup profile or just say we are raising 200K now?

Sorry don’t know all the financing terms

One note: I understand why you wouldn’t include the option pool top-up in the effective pre-money valuation–it’s a good way of pointing out the significant founder dilution that can be caused by semi-arbitrary option pool goals–but shouldn’t the seed debt be included? The fact that some seed investment is done as debt instead of equity doesn’t negate the fact that part of the company effectively gets sold off.

To put this slightly differently: it seems like the real value of the “effective pre-money valuation” cell is to give an apples-to-apples comparison between a VC valuation and a (likely theoretical) acquisition offer. The right valuation to compare to an acquisition offer would include the the seed debt, which would convert at an acquisition.