Free calculator · Venture & Startup Finance
The Ask, Size the Raise, Price the Dilution
Sizes a fundraising ask from months to milestone times monthly burn, then prices the dilution correctly as the raise over the post-money valuation rather than over the pre-money. Inputs are the months to the next milestone, net monthly burn, and the pre-money valuation.
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The Ask, Size the Raise, Price the Dilution
The ask, raise
$3.0M
20 months × $150K / month
Post-money valuation
$12.0M
pre-money + raise
New investor ownership
25.0%
raise ÷ post-money ✓
Pre-money error
33.3%
raise ÷ pre-money ✗
Founder + existing dilution
25.0%
share transferred
A clean ask ties the raise to a named milestone and states the cost as ownership on the post-money. Dividing by the pre-money overstates it (the 33% error from the cap-table module), and an investor will notice.
Learn the concept
This calculator comes from the free Entrepreneurial Finance course, where the concept is taught with readings, worked examples, and practice questions.
Built by Devon Coombs, CPA, MBA, Teaching Professor of Finance at Santa Clara University.