A waterfall analysis tool that is tailored to your specific capital structure so that you can better understand your return in different exit scenarios and valuations.
The exit model report provides you with an overview of the amount each shareholder would receive upon a specific exit value. It is based on the liquidation preferences entered for the share class.
Downloading the report
To obtain your exit model, navigate to Cap Table and click Export.
After selecting Exit Modelling, you will need to select what you want to be included in the report:
- Valuation at conversion time of any outstanding notes. Required to simulate note conversion.
- Currency
- End date
Once requested you will see the below confirmation message:
Equity Groups
The Equity Groups worksheet lists the equity groups with their characteristics listed including liquidation preference and seniority.
Waterfall Tiers
If you click on the Waterfall Tiers worksheet you will be able to enter the Exit Value. This then populates the proceeds by equity. The exit value which you enter should be the aggregate value rather than the price paid per share.
Liquidation Chart
On the liquidation chart, you will be shown how different exit values can affect the proceeds per share.
Stakeholder Proceeds
You can find a list of proceeds for each investor on the Stakeholder Proceeds sheet.