AUTO Calculator and Exit Diagram Tool

AUTO Calculator calculates the division of the company value between founders and each round of VC investors. If you enter the VC fund information, AUTO Calculator further calculates the division of the round's value between the fund mangers (GP) and the investors (LP). Finally, AUTO Calculator seeks and finds an implied valuation of the company. For details on how to use this tool, see Chapters 13-17 of the book.

Exit Diagram Tool (new in the web-version of VCV) translates the term sheet information you enter into fully specified exit payoff schedules for founders and each round of VC investors. Great for quickly visualizing how a given exit value is split between all related parties. For more details, see Chapter 8, 13-18 of the book.

Some of the inputs for AUTO Calculator and Exit Diagram are shared (labeled Exit Diagram Inputs); others are used only in AUTO (labeled as AUTO inputs).

To analyze the value of a later round investment (e.g., Series C), you need to enter information about all the previous rounds (i.e., Series A and B).

To select a series, click on the alphabet indicating the series (e.g., "A") and enter inputs. To un-select a series, click on the series alphabet letter again.

EXIT DIAGRAM INPUTS:

A B C D E F G H
ON/OFF
Security Type
Investment
Shares
Liquidation Pref
RP APP
QPO Threshold
CAP
Founders' Shares Global value for all series...

AUTO INPUTS

Total Valuation Global value for all series...
Volatility (%) Global value for all series...
Risk Free Rate (%) Global value for all series...
Exp. Holding Pd. Global value for all series...
Committed Capital
Lifetime Fees
GP (%)

AUTO OUTPUTS

LP Cost
Partial Valuation
GP Valuation
LP Valuation
Implied-post Valuation Calculate Breakeven

SERIES DIAGRAMS:

Founders Series Inactive
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Series A Inactive
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Series B Inactive
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Series C Inactive
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Series D Inactive
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Series E Inactive
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Series F Inactive
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Series G Inactive
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Series H Inactive
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COMPOSITE DIAGRAM:

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Venture Capital and the Finance of Innovation: A textbook by Andrew Metric & Ayako Yasuda Order your copy now at Amazon.com
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