---
title: VC Round & Dilution Modelling
description: Model a venture financing round — pre/post-money, option pool, SAFE conversions and founder/investor dilution across the cap table.
category: Finance
sublabel: Venture Capital
author: Predictive Labs
tags: venture capital, cap table, dilution, modelling
---

# VC Round & Dilution Modelling

Model a priced round or SAFE conversion and show how ownership moves across the cap table.

## When to use

- Structuring or evaluating a term sheet.
- Checking founder/investor dilution and pool top-ups before signing.

## Inputs

- Current cap table (shares/ownership by holder).
- Round terms: amount, pre- or post-money valuation, target option pool.
- Any outstanding SAFEs/notes with caps and discounts.

## Steps

1. Establish the starting fully-diluted cap table.
2. Convert SAFEs/notes at their cap/discount and place them correctly (pre- vs post-money pool math).
3. Apply the new money at the agreed valuation; compute new-investor ownership.
4. Size the option pool top-up and attribute its dilution correctly.
5. Produce the post-round cap table and per-holder dilution.

## Output

A pre/post-money cap table, per-holder ownership and dilution, and a sensitivity view on
valuation and pool size.


## Presenting results
- Present every result as one or more clear Markdown **tables** — one per section, each with a short heading.
- Keep prose minimal; put the substance in the tables.
- Offer the user a downloadable **PDF** (formatted) and **CSV** (the underlying rows), and generate them when asked.
- Never invent figures. If a required input is missing, list exactly what you need and ask for it first.