Finance
After this round, what do you actually walk away with?
The cap table is deterministic — the exit is not. This template runs the exit value as a range through a 1× liquidation waterfall, so you see the distribution of your real take-home, not a single optimistic headline.
Get this in Google Sheets →The model
A simple 1× non-participating preferred waterfall. At a small exit the investor takes its preference; at a big exit it converts to its ownership share. Exit value is the uncertainty.
| Founder shares | 8,000,000 |
| Investor shares (round) | 2,000,000 |
| Founder ownership | 80% |
| Investment (1× pref) | $2,000,000 |
| Exit value | $10M – $50M – $200M (uncertain) |
| Founder payout | → simulated |
What Sortia tells you
Founder take-home across the exit range:
P5$23.6M
Median$64.5M
P95$129.8M
Mean$69M
P5 · $23.6Mmedian · $64.5MP95 · $129.8M
Your payout spans $23.6M to $129.8M depending almost entirely on where the exit lands. Seeing the full distribution — instead of a single "if we exit at $50M" line — is what lets you weigh this round against the odds honestly.
Try it in your own sheet
- Open Sortia in Google Sheets and choose Start from a template.
- Pick Funding Round Dilution & Exit Waterfall — the model loads with the inputs filled in.
- Change the assumptions to fit your situation and press Run.