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SOLABsol

The document outlines the equity distribution and valuation adjustments for founders and GAT, showing a post-money value of 3 million euros without adjustments and 3.48 million euros with adjustments. Founders' exit proceeds increase from 10.00 to 10.69 with adjustments, while GAT's cash multiple decreases from 5X to 4.31X. Overall, the adjustments favor founders in terms of exit proceeds despite a lower cash multiple for GAT.

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Mohammed Amine
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5 views2 pages

SOLABsol

The document outlines the equity distribution and valuation adjustments for founders and GAT, showing a post-money value of 3 million euros without adjustments and 3.48 million euros with adjustments. Founders' exit proceeds increase from 10.00 to 10.69 with adjustments, while GAT's cash multiple decreases from 5X to 4.31X. Overall, the adjustments favor founders in terms of exit proceeds despite a lower cash multiple for GAT.

Uploaded by

Mohammed Amine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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QA

FOUNDERS OPTIONS 12000


NEW MONEY GAT 1 M€
EXIT EQUITY VALUE 15
POST MONEY VALUE 3

WITHOUT ADJUSTMENT %
FOUNDERS 50000 66.67% 10.00
GAT 25000 33.33% 5.00
TOTAL 75000 100.00% 15.00

WITH ADJUSTMENT % EXIT PROCEEDS


FOUNDERS 62000 71.26% 10.69 founders share and proceeds increase
GAT 25000 28.74% 4.31
TOTAL 87000 100.00% 15.00

QB
POST MONEY VAL WITHOUT ADJ 3
POST MONEY VAL WITH ADJ 3.48 GAT entry price is higher

QC
IMPACT ADJUSTMENT 0.69 Increase in founders exit proceeds following adjustment

QD
GAT CASH X WITHOUT ADJ 5X
GAT CASH X WITH ADJ 4.31 X Lower cash X for GAT
and proceeds increase with adjustment

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