SAFE Conversion Calculator
Enter a SAFE investment, post-money cap, discount and next-round terms to see which conversion path wins, the effective valuation, and your ownership before and after the round.
Assumptions
Results
Ownership via cap
6.3%
Ownership via discount
3.1%
Effective valuation
$8M
Converts via
Cap
Value at round price
$1.3M
Paper markup
2.50x
Ownership at conversion
6.3%
Post-round ownership
5.0%
Post-money SAFE: the cap locks ownership at investment ÷ cap; the discount prices off the next round. Whichever gives the investor more ownership applies — then the new round dilutes everyone. Illustration only.