The VC Corner

The VC Corner

You Signed a SAFE. Now what?

Most founders have no idea what their SAFEs turn into at the next priced round. This tool shows you the math before you sit across from a lawyer.

Ruben Dominguez's avatar
Ruben Dominguez
Jun 11, 2026
∙ Paid

You raised pre-seed on SAFEs. Smart. Fast. Clean.

Now you are closing your Series A. Someone just sent you a term sheet with a pre-money valuation, a new option pool, and 3 convertible instruments that all need to convert simultaneously.

And you have no idea what your cap table looks like after that happens.

This is the moment most founders realize they should have understood the math earlier.

The SAFE was simple to sign. The conversion is not simple to understand. Caps, discounts, pro-rata rights, MFN clauses, option pool expansion, liquidation preferences, they all interact with each other in ways that are genuinely hard to track without a tool that shows the work.

That tool now exists. We built it:

Free. Runs entirely in your browser. No login. No spreadsheet. Your numbers never leave your device.

What is inside this guide:

▫️ What the tool does and how to use it in 10 minutes

▫️ A real example: 3 SAFEs converting into a Series A with full cap table output

▫️ The 3 conversion mistakes that cost founders the most

▫️ How to use the exit waterfall to stress-test your deal before signing

▫️ Every term explained in plain English


As a premium subscriber you get this plus the full VC Corner archive:

  • Cap table guide from seed to Series C. Manage equity without making the mistakes that compound over time.

  • Series A and B cap table Excel template. The model that shows founder dilution at every stage.

  • Term sheets demystified. Every clause explained, what to push back on, and what market standard looks like.

  • The SaaS financial model. Complete Excel template for investor-ready forecasts.

  • The cash runway model. The model every founder wishes they had before the bank balance hit zero.

  • What top VCs check in due diligence. The exact checklist investors run before writing a check.

  • 200+ pitch decks that raised $50B+. The actual slides that closed real rounds.

  • The ultimate investor list of lists. Every VC fund, family office, and angel investor database in one place.

Cancel anytime. First subscribers get 50% off forever.

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