Convertibles in exit waterfalls

Two updates to the Cap Table and Exit Waterfall Tool:

• Distributing proceeds to unconverted SAFEs and convertible notes

Added Exit Waterfall, with Convertibles sheet to add new section to handle the distribution of proceeds to unconverted convertibles in a liquidation scenario prior to a conversion event. This is a beta feature and will be actively tested, and please note that it is always important to read the convertible agreement for how to handle a liquidation event.

This change is to address the complications with handling how proceeds are distributed to convertible instruments that have not yet converted to shares. The calculations are different depending on the type of convertible, and the iterative calculations required can create difficulties if there are a lot of convertibles, but the goal here is to create a structure that's easier for more people to use.

• Added new section to Exit Waterfall sheet to show the distribution of proceeds to cash and securities, if the distribution includes securities.

This was always possible to do using the distribution of proceeds details, but the new feature is to just make that simpler and more apparent to users with this situation.