Anti Dilution Addition

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version: 3.1
links:
product: Cap Table & Exit Waterfall Tool
link: /cap-table/

• Adding prebuilt anti-dilution protection to the default Cap Table sheet.
• This is a beta release of the feature, and will change based on feedback, but aims to add in full ratchet and weighted average (broad-based and narrow-based) if selected and if applicable based on new share prices.
• The feature is not fully automatic, as you will need to select the type of anti-dilution protection and input the purchase price from the previous equity round.
• This calculates the same protection for all preferred shareholders, although if shareholders have different original purchase prices their anti-dilution protection will be different.
• I do expect to change the approach to make it more flexible and automatic based on user feedback and use.

More at Modeling Anti-Dilution