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SAFE calculator

See how your SAFE converts in a priced round.
Get its price, its shares and its stake after.

Example numbers. Change them.

Currency
Your SAFE
Kind of SAFE

Its cap counts the SAFE money inside it.

₹50 L

₹4 Cr

Leave the cap or the discount empty if your SAFE has none.

The priced round

₹8 Cr

₹2 Cr

From your share register. It gives the price per share.

How it converts

The SAFE converts at its cap.

SAFE owns after the round

10.00%

SAFE price per share

₹3,500

SAFE shares

1,429

Round price per share

₹7,000

Ownership after the round
HolderAfter the round
Today's holders10,000 shares70.00%
SAFE investor1,429 shares10.00%
New investors2,857 shares20.00%
  • It pays 50.00% of the round price.
  • With the cap alone, it would own 10.00%.
  • With the discount alone, it would own 6.25%.
  • As a pre-money SAFE, it would own 8.89%.
  • Post-money is ₹10 Cr. New investors own 20.00%.
Keep going in ShunyaSe

Free to sign up. Cap Table is on Pro and Max. Type your numbers and they come with you.

How it works

  • The round price is pre-money over pre-money shares.
  • Pre-money shares include the shares the SAFE gets.
  • So new investors get the raise over post-money.
  • A post-money SAFE's cap price is its cap over pre-money shares.
  • A pre-money SAFE's cap price is its cap over today's shares.
  • The discount price is the round price times one minus the discount.
  • The SAFE takes the lower price. That gives it more shares.
  • With no cap and no discount, it pays the round price.
  • Each percentage is rounded to two decimals.

Questions founders ask

What is a post-money SAFE versus a pre-money SAFE?

A post-money SAFE counts its own money inside the cap. At the cap, it owns its amount over the cap. A pre-money SAFE leaves its money out of the cap. On the same terms, it owns a little less.

Does the cap or the discount apply?

Whichever gives the lower price per share. A lower price means more shares for the SAFE investor. The calculator shows which one applied.

Can an Indian startup issue a SAFE?

In India, a SAFE is usually structured as CCPS or CCD. Ask a lawyer before you sign one.

Is this SAFE calculator free?

Yes. It runs in your browser with no sign-up. Sign up only if you want to save it.