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Warrant Simulator
Understand how warrants are structured and how they impact your captable.
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Result of your warrant estimation
Your Ownership Dilution Breakdown
Pre-Money to Post-Money Waterfall
Result of your warrant estimation
New Shares Issued Breakdown
Helps you vizualize how the new shares issued will impact the overall cap table.
Your Ownership Across Valuation Scenarios
Hover over each scenario to see your retained ownership and visualize how sensitive it is to valuation changes.
Valuation scenarios detailed analysis
This table illustrates how changes in the valuation of your next equity round affect both the warrant and your overall ownership dilution, detailing the dilution impact from both the equity round and the warrant exercise.
Pre-Money Valuation
Initial Number of Shares
Initial Founder's Ownership
Equity Round
New Shares Issued
Price Per Share
Warrant Amount
Warrants Issued
Warrant Exercise Price
Post-Money Valuation
Dilution From Fundraising
Dilution From Warrants
Final Founder's Ownership
Conservative
7m
10%
2m
200k
20k
10
9.2m
8.9%
0.9%
30.2%
Base
10m
10%
2m
200k
20k
10
12.2m
6.7%
1.1%
32.3%
Optimistic
13m
10%
2m
200k
20k
10
15.2m
5.3%
1.2%
34.7%
Need Advice on Warrant Strategies and Fundraising?
We can help you navigate complex fundraising scenarios and optimize your capital structure.
Venture debt
Leverage debt financing to minimize dilution and extend your runway.
convertible note alternative
Explore debt options that can replace or complement convertible notes in your funding strategy.
Bridge Financing Support
Augment your bridge rounds with debt to strengthen your financial position.
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Frequently Asked Questions
What is a warrant?
How is the exercise price of a warrant determined?
Why is the warrant exercise price important for my dilution?
How does the warrant amount affect dilution, and why it matters?
What are the key factors that affect how much dilution I will face?
How does my ownership change after warrants are exercised?
In which scenarios are warrants typically included in growth debt deals?
How does venture debt compare to a convertible note in terms of dilution?
How can I use this app to assess the impact of a down round on my ownership?