Model how a SAFE converts during a priced round. Enter SAFE amount, valuation cap, discount, and next round price to estimate conversion price, shares issued, and investor ownership.
The result shows the financing impact on ownership, valuation, conversion, or dilution. A stronger result protects founder ownership while preserving enough incentive for investors and employees.
This estimate is educational and should not replace legal, tax, or fundraising advice. Real term sheets may include preferences, pro rata rights, participation, vesting, and other provisions.
A $100,000 SAFE with a 20% discount and $2 next-round price converts at $1.60 unless the valuation cap creates a lower price.
A SAFE usually converts at the better investor price created by either the valuation cap or the discount during the next qualified financing.
The better term is whichever produces the lower conversion price, because a lower price gives the investor more shares.
Divide SAFE conversion shares by the post-conversion fully diluted share count, including new round shares and option pool if applicable.
The valuation cap usually produces a lower conversion price, giving SAFE holders more shares than the new priced-round investors.
Yes. Multiple SAFEs, low valuation caps, discounts, and option pool increases can create significant dilution at conversion.
| Module | What it shows |
|---|---|
| Main Result | Primary startup finance output for this calculator. |
| Ownership Impact | How the scenario changes equity or valuation. |
| Health Score | Practical quality score from the result. |
| Decision Signal | Recommended action based on the result. |