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Fundwave makes it possible for investors to plug in variables such as valuation caps. discount rates, pre-money valuation and size of the option pool to determine the value of your convertible note after your portfolio company raises a new round.

Go to a portfolio company, and select 'Timeline' from the left menu, followed by the 'model' icon next to a convertible note.

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  1. Input the details for the upcoming fundraising round and tap the Model button.
    1. Amount raised: The amount company plans to raise in the upcoming round
    2. Pre-money valuation at which the company is raising funds
    3. Outstanding shares: The number of shares on the captable
    4. Existing share pool: Options not yet issued
    5. New option pool: Option pool size after next round
    6. Any other notes being converted: Select the notes being converted alongside your note

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      Info
      titleUpdate instrument details

      To record key clauses such as discount rates and valuation caps, select the details icon on the top-left, or choose the instrument on the timeline.


  2. Outputs

    1. Ownership: The number of shares you will be issued. The ownership chart shows a range of outcomes across multiple valuation markers

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    2. Capitalization: This section will show you what the cap table would look like if the modelled fundraising round was to be completed.

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      Info
      titleSave a scenario

      Click on the Star icon to save the scenario for future reference


Next steps: Record a convertible note conversion

Fundwave makes it possible for investors to plug in variables such as valuation caps. discount rates, pre-money valuation and size of the option pool to determine the value of your convertible note after your portfolio company raises a new round.

You can find this tool by navigating to a portfolio company, and selecting Note Modelling from the left menu.

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  1. Choose the convertible instrument that you'd like to model.




  2. Input the details for the upcoming fundraising round and tap the Model button.
    1. Amount raised: The amount company plans to raise in the upcoming round
    2. Pre-money valuation at which the company is raising funds
    3. Outstanding shares: The number of shares on the captable
    4. Existing share pool: Options not yet issued
    5. New option pool: Option pool size after next round
    6. Any other notes being converted: Select the notes being converted alongside your note



      Info
      titleUpdate instrument details

      To record key clauses such as discount rates and valuation caps, select the details icon on the top-left, or choose the instrument on the timeline.


  3. Outputs

    1. Ownership: The number of shares you will be issued. The ownership chart shows a range of outcomes across multiple valuation markers

      .


    2. Capitalization: This section will show you what the cap table would look like if the modelled fundraising round was to be completed.



      Info
      titleSave a scenario

      Click on the Star icon to save the scenario for future reference


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