📋 Template
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Freemium
Intermediate
This is the spreadsheet to actually model your cap table forward three rounds before you sign the first term sheet. It adds priced rounds, converts SAFEs and notes, issues option pools, runs pro rata, and computes the exit waterfall with liquidation preferences, so you see where founders land under real terms, not a napkin percentage. It is pay-what-you-want (0 dollars accepted, 20 dollar suggested), rated 4.9 across hundreds of founders, so there is no reason to sign a round blind.
Cap Table and Exit Waterfall Modeling Tool (Foresight)
From Foresight by Foresight (Taylor Davidson) spreadsheet template
- Model multiple future rounds, SAFE/note conversions, and option pool top-ups in one sheet to see cumulative founder dilution
- Includes an exit waterfall so you see how liquidation preferences change who actually gets paid, not just the ownership split
- Pay-what-you-want (zero accepted), so cost is never the excuse for signing without a forward model
