See Your Dilution Before You Sign the Term Sheet
A new round, an option-pool top-up, and converting SAFEs all move ownership. Fintra models the dilution on your real cap table so there are no post-close surprises.
What dilution modeling does
Fintra models how a new financing round dilutes existing holders, including the interplay of new investment, option-pool expansion, and SAFE or note conversion. Because it runs on your actual cap table, the post-money ownership it shows is real - not a simplified back-of-envelope that ignores the pool shuffle.
- Model a round’s effect on every holder
- Include option-pool top-ups (pre- vs post-money)
- Convert SAFEs and notes into the model
- Compare scenarios side by side before committing
The dilution details that bite
| Factor | Why it matters |
|---|---|
| Pre-money option pool | Founders bear the pool dilution |
| SAFE conversion | Caps and discounts change ownership |
| Multiple SAFEs | They stack and compound dilution |
| Pro-rata rights | Existing investors take part of the round |
Transparency for founders and employees
On your live cap table
- Runs on the same cap table you manage
- Scenarios can be promoted into an actual round
- Feeds exit-waterfall modeling for the next step
Frequently asked questions
What causes dilution in a funding round?
New shares issued to investors, expansion of the option pool (especially when done pre-money, which founders absorb), and conversion of SAFEs or notes. Fintra models all three on your real cap table so you see true post-money ownership.
Why is the option pool such a big deal in dilution?
If the pool is expanded pre-money, existing holders - usually founders - bear that dilution rather than the new investors. Modeling it explicitly shows who actually pays for the pool, which is often a negotiation point worth catching before you sign.
Can I compare multiple round scenarios?
Yes - you can model several scenarios (different raise sizes, valuations, and pool sizes) side by side and see the ownership outcome of each before committing, then promote the chosen one into an actual round.
Does it handle SAFEs with caps and discounts?
Yes. SAFE and note conversion - including valuation caps and discounts, and multiple stacked SAFEs - is part of the model, which is exactly where simple spreadsheets tend to get dilution wrong.
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Model dilution before you raise
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