Equity Dilution Visualizer

Model dilution, control, and exit payouts in seconds with legal-grade precision.

Input Engine

Dial in the round mechanics with lawyer-level detail.

Current Cap Table

New Round

Legal Gotchas

Option Pool Top-up Pre-money: founders absorb the top-up. Post-money: everyone shares the dilution.
Liquidation Preference Investor is paid first up to this multiple of their investment.
Participation Participating: investor gets preference plus pro-rata. Non-participating: take the higher of the two.
Anti-Dilution Adjusts investor ownership in down rounds; weighted is softer than full ratchet.
Dilution Waterfall

See how ownership shifts after the round.

Control SAFE
Post-Money Valuation €0M
Investor Ownership 0%
Founder Control 0%
Hidden Dilution 0%
Exit Reality

What actually lands in the founders’ pockets.

Founders
€0
Employee Pool
€0
Investor
€0
Founder Pocket €0

Simplified model — anti-dilution protection only triggers in a down round and is not simulated here.

Market Benchmarks

How your terms compare to current market data.
Pre-Money Valuation
Founder Dilution
Option Pool Size
Liquidation Preference
Participation Rights
P25–P75 Median Top 10% You

Sources: Carta State of Private Markets 2025, Cooley Q4 2025 Venture Financing Report, Carta Founder Ownership 2026, Index Ventures OptionPlan. EUR values adjusted for European market.

Insight

Discuss Your Term Sheet