Module 7
Round Designer
Models Series B capitalization structure, including primary capital raise, secondary liquidity, and ESOP pool expansion. Computes founder dilution and the effective pre-money valuation received.
Round Parameters
ESOP Pool Top-Up5%
Pool Creation Timing:
Existing Cap Table (Pre-Round)
Total: 0.0% ≠ 100%Enter existing fully diluted ownership percentages. Must total 100.0%.
Existing cap table must total 100.0% (currently 0.0%).
Post-money valuation
₹100.00 Cr
Pre-money + Primary raise
Effective pre-money
₹-5.00 Cr
₹5.0 Cr ESOP discount
Series B Investor %
100.0%
Primary 100.0%
Founder dilution
0.0%
0.0% relative reduction
Effective Pre-Money Analysis
Pre-Money ESOP Expansion (Investor Term Sheet Standard)
When the ESOP pool top-up (5.0%, ₹5.00 Cr) is created pre-money, existing shareholders bear 100% of the dilution prior to the Series B investment. The incoming investor's primary ownership is uncompromised at 100.0% of post-money, which effectively reduces the pre-money valuation received by existing shareholders from ₹0.00 Cr to ₹-5.00 Cr (pre-money minus ₹5.00 Cr ESOP pool value).
Nominal Pre-Money
₹0.00 Cr
Agreed headline price
ESOP Pool Value
₹5.00 Cr
5% of ₹100.0 Cr post
Effective Pre-Money
₹-5.00 Cr
Net value to existing cap table
Post-Round Cap Table
| Shareholder Group | Pre-Round % | Post-Round % | Dilution (Pts) |
|---|---|---|---|
| Founders | 0.0% | 0.0% | 0.0% |
| Series A investors | 0.0% | 0.0% | 0.0% |
| Seed investors | 0.0% | 0.0% | 0.0% |
| Angels | 0.0% | 0.0% | 0.0% |
| ESOP | 0.0% | 5.0% | +5.0% |
| Others | 0.0% | 0.0% | 0.0% |
| Series B Investor | 0.0% | 100.0% | +100.0% |
| Total Fully Diluted | 100.0% | 100.0% | — |