Cap Table Modeling

Model different funding rounds and see how SAFEs, convertible notes, and equity dilution will impact your cap table before they happen.

Access the modeling tool

1. Log into your Cake account

2. Navigate to Tools → Modelling from the main menu

Set up your modeling scenario

1. Review the "Starting information" section at the top, which automatically pulls your current cap table data from Cake

2. Click "+ Add round" and choose your round type:

   • Priced round, SAFE or convertibles - for basic modeling

   • Priced round incl SAFE/Con note - to model how existing SAFEs and convertible notes will convert in your next priced round

Analyze the results

Scroll down to view how the modeled round impacts your current stakeholders, including founders, employees, and investors. You'll see the overall effect on your cap table and understand potential dilution outcomes.

Model multiple scenarios

1. Create different scenarios by adjusting round details and valuations

2. Model multiple rounds ahead for extended forecasting

3. Choose which round you want SAFEs/convertible notes to convert at and select the conversion methodology (pre or post-money)

4. Save scenarios to return, edit, and adjust later

5. Download your saved models as CSV files to share offline

Still need help?

Contact our support team through the chat in the bottom right corner for guidance on the modelling feature.