Free Tool

Safe Note Calculator

Enter you SAFE terms and see exactly how many shares converts, at what price and what you’ll own after your next round
Safe type
Safe terms
$
Max valuation for conversion
$
Enter 0 if none
%
Company details
Fully diluted
$
Enter 0 if none
$
How conversion works

At series A, your SAFE converts to shares. The price per share is the lower of:

  • Cap price - valuation cap ÷ total shares
  • Discounted price - Series A price x ( 1 - discount % )

Whichever gives the investor more shares wins. That’s the effective conversion price.

Valuation Cap is triggering
Your Series A valuation is above the cap. The SAFE investor converts at the lower cap price - getting more shares than new investors.
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Safe terms
$
Max valuation for conversion
$
Enter 0 if none
%
Company details
Fully diluted
$
Enter 0 if none
$
How conversion works

At series A, your SAFE converts to shares. The price per share is the lower of:

  • Cap price - valuation cap ÷ total shares
  • Discounted price - Series A price x ( 1 - discount % )

Whichever gives the investor more shares wins. That’s the effective conversion price.

Valuation Cap is triggering
Your Series A valuation is above the cap. The SAFE investor converts at the lower cap price - getting more shares than new investors.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
YOUR OWNERSHIP AFTER ROUND
76.9%
You gave away 23.1% total
Conversion price / share
$0.5000
Shares issued to SAFE investor
1,000,000
SAFE investor ownership
7.7%
Series A investor ownership
15.4%
Total post-round shares
13,000,000
Converted via: Valuation Cap
Converted via: Discount Rate
Ownership split
Post-round
Founders
76.9%
SAFE investor
7.7%
Series A investors
15.4%
Founder % across valuations
$3M
45.3%
$5M
58.0%
$8M
67.8%
$15M
76.9%
$20M
80.0%
$30M
83.3%
Manage your full cap table, SAFE's and equity on one platform.
For educational purposes only.
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