Founder Dilution & 24-Month Runway Modeler

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APEX VENTURES // FUND IV ($420M)

Mandate

Portfolio

Check Terms

Memos

Modeler

Partners

Guide

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06 // INTERACTIVE CAP TABLE, FOUNDER DILUTION & 24-MONTH RUNWAY MODELER

Model your Seed or Series A dilution, post-money valuation, and cash runway in real time.

Adjust the three institutional sliders below to simulate your round mechanics before forwarding your technical memo for our 48-hour General Partner IC review.

ROUND PARAMETERS // 3 INTERACTIVE CONTROLSInstitutional Seed Lead ($3.0M–$5.0M)

01. Target Lead Check / Round Size ($M)$4.0M

$1.0M Pre-Seed$4.0M Seed Lead$12.0M Series A

02. Pre-Money Valuation ($M)$20.0M Pre

$8M Pre-Money$25M Seed Cap$65M Series A

03. Projected Net Monthly Burn ($K / month)$160K / mo

$60K Lean 4-Eng$180K Seed Team$450K Series A Scale

NON-DILUTIVE APEX PLATFORM ACCESS INCLUDED WITH LEAD CHECK:

$350K H100 Cluster + 2 Founding Eng Hires

25.0 months runway to scale from initial design partners to $3M+ ARR Series A readiness.

ILLUSTRATIVE CAP TABLE & RUNWAY SUMMARY1X NON-PARTICIPATING PREFERRED · CLEAN GOVERNANCE

POST-MONEY VALUATION

$24.0M

$4.0M Fresh Capital

FOUNDER RETAINED STAKE

73.3%

Lead Dilution: 16.7%

CASH RUNWAY UNLOCKED

25.0 Mo

@ $160K/mo Net Burn

POST-ROUND OWNERSHIP DISTRIBUTION2.6X STEP-UP MODEL: $62M (FOUNDER = $45.5M)

● Founders & Team: 73.3%● Lead Round Check: 16.7%● Unallocated ESOP: 10.0%

STATEFUL PARTNER HANDOFF ACTIVEAttach $4.0M @ $20.0M Pre (25.0 mo runway) to your GP memo.

Fast-Track $4.0M Pitch Deck →

Disclosure: Illustrative browser-side cap-table arithmetic only; excludes prior SAFEs/notes and is not an offer of securities or investment commitment.

01 // APEX VENTURES

DeepTech Seed & Series A

$420M Fund IV leading $1.5M–$12M checks in AI silicon, robotics, computational bio, and grid infrastructure.

48-Hour Term Sheet Terms

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02 // CAPITAL & PORTFOLIO

Mandate & Ledger

Clean 1x non-participating preferred governance plus $350K non-dilutive H100 compute access.

Investment Tracks (/services)

Portfolio Ledger (/work)

Check Structure (/pricing)

Dilution Modeler (/calculator)

03 // PARTNERSHIP

Bench & Research

Every memo read directly by former-founder General Partners in San Francisco, New York, and Zurich.

General Partners (/about)

Partner Memos (/insights)

Fund & Portfolio Roles

Founder Intake (/contact)

04 // GOVERNANCE & DOCS

Disclosures & Manual

SEC/Advisers Act non-solicitation notices, founder confidentiality, and 12-station owner manual.

12-Station Owner Guide

Privacy & Confidentiality

Non-Solicitation & Terms

Cookie & Session Policy

FUND IV DEPLOYING // 48-HR GP REVIEW SLA