How much you hold.
How much you dilute.
How much is left.
How a micro-GP with 18 positions ditches the spreadsheet: it models what each ticket buys, how it dilutes each round, and what's left at the end.
The percentage you say you hold is an estimate.
A pre-seed fund invests almost everything via SAFE. Until the priced round arrives, the real ownership is nowhere: it's in a spreadsheet someone updated six months ago.
Unconverted SAFEs. Real ownership is an assumption.
The portfolio raises and the fund finds out about dilution later.
Pro-rata is decided without knowing what it costs to hold the %.
Every position modeled. The % is a fact, not an estimate.
Four moments when a fund opens the cap table.
What does this ticket buy, exactly?
The GP is weighing a USD 250,000 ticket via SAFE at a USD 8M cap. Before signing, it models the conversion on the YC Post-Money standard. Out comes a number, not a range: 3.13%.
The 18 positions in a single view.
Each position with its instrument, its ticket and its percentage. SAFEs show the % on conversion; equity, the current %. One single source of truth, not a spreadsheet per company.
| Position | Instrument | Invested | % |
|---|---|---|---|
| Nordia Inc. | SAFE · cap 8.0M | 250,000 | 3.13 |
| Calaris | Preferred · Series A | 400,000 | 4.10 |
| Tebas Labs | SAFE · cap 6.0M | 150,000 | 2.50 |
| Orbe Salud | Preferred · Seed | 300,000 | 5.20 |
| Mirador | SAFE · cap 10.0M | 200,000 | 2.00 |
| 13 more positions | 4,900,000 | — |
Dilution and pro-rata, before the deadline.
Nordia raises a Series A: USD 4M on a USD 12M pre-money. The fund sees the dilution and what it costs to hold the percentage — USD 125,000 — with time to decide.
How the position lands, round by round.
The GP projects the next rounds and sees ownership in each scenario. The same model serves the committee and the LP report — without redoing the spreadsheet every quarter.
| Scenario | Valuation | % fund | Position value |
|---|---|---|---|
| Today · SAFE | 8.0M cap | 3.13 | — |
| Series A | 16.0M | 3.13 | 500,000 |
| Series B | 40.0M | 2.50 | 1,000,000 |
| Acquisition | 90.0M | 2.50 | 2,250,000 |
The same deal, seen from both ends.
When the startup also runs on Vefy, the fund stops chasing documentation. The SAFE is signed on the platform and that same position is already loaded into the cap table.
Diligence without an email chain
The fund enters the startup's dataroom: corporate, round, cap table, financials. All in one place, access by invitation.
Signed and loaded
The SAFE is generated and signed on the platform. The position enters the cap table with no manual re-entry.
The same position, both sides
The startup sees one line on its cap table. The fund sees the position modeled in its portfolio.
Zero spreadsheets. One single model.
The GP enters each deal knowing what it buys, tracks dilution without finding out late, and decides pro-rata with the number on the table. The LP report comes from the same place the position lives.
Your portfolio, with one single source of truth.
If all this feels calm, it's because someone absorbed the complexity for you.
See the platform