Gamezon Space Corporation – Cap Table & Dilution Model
1. Initial Structure (Pre-Seed / Incorporation)
Assumptions:
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Total authorized shares: 10,000,000
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Initial share price: $0.10
-
No external investors yet
Cap Table Before Pre-Seed Investment
Shareholder | Shares | Initial Share Price | Ownership % | Pre-Money Valuation ($) |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | $0.1 | 80% | 80,000 |
ESOP Pool | 2,000,000 | $0.1 | 20% | 20,000 |
Total | 10,000,000 | $0.1 | 100% | 100,000 |
2. Round 1 – Pre-Seed Funding
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Investment: $500,000
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Post-Money Valuation: $5,000,000
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Pre-Money Valuation: $4,500,000
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New Investor Ownership: 10%
New Shares Issued:
= 10% of post-money → 1,111,111 shares
Share Price:
= $5,000,000 / 11,111,111 ≈ $0.45
Cap Table After Pre-Seed Investment
Shareholder | Shares | Ownership % | Share Price | Post-Money Valuation ($) |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | 72.0% | $0.45 | $3,600,000 |
ESOPs | 2,000,000 | 18.0% | $0.45 | $900,000 |
Pre-Seed | 1,111,111 | 10.0% | $0.45 | $500,000 |
Total | 11,111,111 | 100% | $0.45 | $5,000,000 |
Round 2 – Seed Investment
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Investment: $2,000,000
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Post-Money Valuation: $12,000,000
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New Investor Ownership: 16.7%
New Shares Issued:
≈ 2,222,222 shares
Share Price:
≈ $1.08
Cap Table After Seed Investment
Shareholder | Shares | Ownership % | Share Price | Post-Money Valuation ($) |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | 60.0% | $1.08 | |
ESOPs | 2,000,000 | 15.0% | $1.08 | |
Pre-Seed | 1,111,111 | 8.3% | $1.08 | |
Seed | 2,222,222 | 16.7% | $1.08 | |
Total | 13,333,333 | 100% | $1.08 |
Round 3 – Series A
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Investment: $5,000,000
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Post-Money Valuation: $25,000,000
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New Investor Ownership: 20%
New Shares:
≈ 3,333,333 shares
Share Price:
≈ $1.88
Cap Table After Series A Investment
Shareholder | Shares | Ownership % | Share Price | Post-Money Valuation ($) |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | 48.0% | $1.88 | |
ESOPs | 2,000,000 | 12.0% | $1.88 | |
Pre-Seed | 1,111,111 | 6.7% | $1.88 | |
Seed | 2,222,222 | 13.3% | $1.88 | |
Series A | 3,333,333 | 20.0% | $1.88 | |
Total | 16,666,666 | 100% | $1.88 |
Round 4 – Series B
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Investment: $10,000,000
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Post-Money Valuation: $50,000,000
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New Investor Ownership: 20%
New Shares:
≈ 4,166,667 shares
Share Price:
≈ $3.00
Cap Table After Series B Investment
Shareholder | Shares | Ownership % | Share Price | Post-Money Valuation ($) |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | 40% | $3.0 | |
ESOP | 2,000,000 | 10.0% | $3.0 | |
Pre-Seed | 1,111,111 | 5.6% | $3.0 | |
Seed | 2,222,222 | 11.1% | $3.0 | |
Series A | 3,333,333 | 16.7% | $3.0 | |
Series B | 4,166,667 | 20.0% | $3.0 | |
Total | 20,833,333 | 100% | $3.0 |
Round 5 – Series C
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Investment: $10,000,000
-
Post-Money Valuation: $50,000,000
-
New Investor Ownership: 20%
New Shares:
≈ 4,166,667 shares
Share Price:
≈ $3.00
Cap Table After Series C Investment
Shareholder | Shares | Ownership % | Share Price | Post-Money Valuation |
|---|---|---|---|---|
Founder (Wycliffe Wejuli) | 8,000,000 | 32.0% | $4.80 | |
ESOP | 2,000,000 | 8.0% | $4.80 | |
Pre-Seed | 1,111,111 | 4.4% | $4.80 | |
Seed | 2,222,222 | 8.9% | $4.80 | |
Series A | 3,333,333 | 13.3% | $4.80 | |
Series B | 4,166,667 | 16.7% | $4.80 | |
Series C | 5,208,333 | 20.0% | $4.80 | |
Total | 26,041,666 | 100% | $4.80 |