Ownership & Investor Returns

The raise

Post-money SAFE math: an investor's ownership equals their check divided by the post-money cap. The seed is a separate priced round in 2027.

SAFE raise (now)

SAFE valuation cap

Below $3.5M you drop under the 51% you need for the certifications. Your asset stack justifies $3.5M to $4M.

InnoVenture / angel co-invest (equity)

The 2027 seed

Seed amount

Seed pre-money

Option pool created at seed

Founder split

Set your real split with Shaun. Default treats you as the full founder block until you dial his share in.

Shaun (co-founder) share of founder equity

Exit

Exit value (company sale / valuation)

Realistic clock: $10M to $30M is a 2029 to 2031 outcome; the $100M to $200M standard is early-to-mid 2030s (about 1 in 10); a billion-dollar tier is mid-to-late 2030s at low single-digit odds.

Cap table over time

Who owns what at each stage. The dashed line is the 51% of founder control the certifications require.

You (Stephanie) Shaun SAFE / angels Option pool Seed

Your dilution, step by step

Cap sensitivity: where the 51% line holds

Investor return, and what you hold

SAFE return is the SAFE stake at exit divided by what was put in. Timing and odds follow your Realistic Time to Value tiers.

Illustrative planning figures using post-money SAFE conventions and a simplified seed waterfall. Not legal, tax, or financial advice. Confirm the cap, the seed terms, and the option pool with G2M and Zach. Built in Cowork, June 2026.