Promptly

A promise of non-dilutable equity may seem like a small concession, but its long-term cost can be substantial. Learn how non-dilutable equity works, why advisors and early investors request it, how it affects founder ownership through multiple funding rounds, and what alternatives founders can negotiate to avoid open-ended dilution obligations.

SAFEs let startups raise capital before a priced equity round, but how much ownership do founders ultimately give up? Learn how SAFE conversion works, the differences between pre-money and post-money SAFEs, and how valuation caps, discounts, and multiple SAFE investments affect your cap table. Includes step-by-step calculations and ownership comparisons.

Your cap table tells you who owns your startup, but do you know how that ownership changes when you raise capital? Learn the fundamentals of capitalization tables, how to calculate dilution in a priced equity round, and why employee option pools can materially affect founder ownership—even when the headline valuation stays the same.