Free tool · 2 minutes
What Do I Actually Get?
Your ownership percentage is not your payout. Enter the rounds you've raised and an exit price, and see what preferences take off the top before anyone touches equity. Nothing is stored or sent.
Exit price
$50.0M
You walk away with
$16.2M
32.4% of the exit · $0 paid to preferences first
- Seed (converted)$8.0M
- Series A (converted)$10.0M
- Option pool$5.0M
- Other common$10.8M
- You$16.2M
Below this price you get nothing
$12.0M
The preference stack has to clear before common sees a dollar. Most first-time founders have never been shown this number.
Where preferences stop mattering
Above a certain price, investors make more by converting to common than by taking their money back — you can watch rounds flip to “converted” as you raise the slider. Past that point, ownership is the only thing that matters.
Your rounds
Most recent round is paid first. A SAFE that converted counts as the round it converted into.
This is the math, not the deal. Real term sheets add pro-rata rights, anti-dilution, escrows and earnouts. If someone is already circling, read what to know before your first board meeting before you answer them.
Read the full article: What You Actually Take Home When You Sell Your Company
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