Price vs Round Investors
cheaper per share
How the round valuation changes your outcome
| Round Pre-Money | Term That Wins | Effective Valuation |
Ownership After Round | Value at Exit | Multiple |
Assumes a standard YC post-money SAFE: ownership at conversion = investment ÷ min(cap,
discounted pre-money), then diluted by the new round (new money ÷ post-money) and by your
further-dilution estimate. Ignores option-pool top-ups, pro-rata participation, multiple SAFE
stacking, and liquidation preferences. A modeling aid, not investment or legal advice.