• When preparing data for capital calling documents.
• When you need a quick estimate before discussions with investors.
• When comparing several investment offers at similar valuations but with different accompanying terms.

Step 1 — Enter a keyword in the search box or select a term from the list on the left. Step 2 — Read the definition to understand what the clause actually does. Step 3 — Work through the numerical example to see its effect on ownership and on the cash actually received. Step 4 — Note any clauses that remain unclear and discuss them with a lawyer before signing.

The search box matches partial words, so typing dilut is enough to bring up the anti-dilution clause. Every term comes with a numerical example, because the real effect of a clause only becomes clear when placed in a concrete situation. Two offers at the same valuation can still produce very different outcomes for the founding team.

Example: Two offers both value the business at fifty billion dong. One applies a one-times liquidation preference with no further participation in the remainder; the other takes the preference and then also shares in the remainder pro rata. When the business is sold, what the founding team actually receives differs considerably between the two, despite the identical headline valuation.