Read our Getting Started guide.
Go to the Transactions page and in the Filter field, type Convertible loan.
Or open the Round Modeling on the Cap Table page, click Add and under Trigger Convertibles choose From Transactions. This also allows you to simulate the conversion of the loans (see modelling section).
Learn more about calculating a financing round with convertible loans or see real world examples of convertible notes parameters.
You can create an equity plan by navigating to Equity Plans.
Admins will receive email notifications about important equity plan events such as maturity, cliff, vesting.
You can define vesting when you grant someone stock/options/phantom options/warrants. Click on Vesting to expand the section and you will see the window shown below: Now you can define the vesting parameters. If you want custom vesting, read the question below.
Let’s take an example: You have 80 options that vest over 48 months with 12 months cliff. After the first 12 months in which 20 options vest, each month 1 option vests for the remaining 36 months. A headache? Not with Ledgy. Choose custom vesting and define 3 periods:
Read more about commonly used parameters HERE.
The app works best in Google Chrome and Mozilla Firefox. If you don’t use one of these browsers and notice weird behavior, please let us know.
Yes, let’s say Bob holds shares through Bobs Trust Inc. Then you can show your cap table both in legal and economic terms. Here’s how to set it up:
You can also mix direct and indirect investments. For example Bobs Trust Inc. can hold some shares, as well as Bob through Bobs Trust Inc.
Bob will also see his indirect holdings in his Portfolio, with a via Bobs Trust Inc. badge.
Go on the Stakeholder page, add you investor’s email address (at this point the shareholder does NOT receive any email). Then just click the invite button on the right-hand side. You can choose three access right levels.
Every user on Ledgy has a portfolio where they can see their investments.
Ledgy lets you work with multiple admins on the cap table. You can see a change history in the Last Changes log in the Dashboard page.
Stakeholders with view or portfolio access won’t see your changes until you publish them.
A Valuation must first be added and published. You can do that in the Transactions page, click Add then click Valuation and fill in the information. Once you're done, click Publish and your shareholders will now see the valuation.
Yes, the exit scenario modeling even takes into account:
On the Cap Table page, click on Ownership at the top left and then on Exit. To the left of Ownership you can choose the Economic/Legal view and view by Groups/Stakeholders/Classes. Enter an exit valuation, scroll down to the cap table and you will see your cap table with each stakeholders ROI and a multiple.
It also helps you understand what happens with a breakpoint plot. Click on a different point on the plot, to see the exit scenario at that valuation.
Yes, that’s possible thanks to the Draft mode. Here’s how: Let’s say you would like to see what your cap table is going to look like after your upcoming series A and B.
That’s it! To remove these series A and B transactions from your draft, go to the Transactions page and click on the Reset button. But make sure there were no other remaining changes to your transactions before resetting.
There are two ways of converting convertible loans through the round modeling tool, which also calculates for you how many shares should be issued for the convertible, taking the cap, discount and interest into account.
Read more about real-world examples of convertible loan parameters.
Yes. The Excel or other spreadsheet tools can get tricky when it comes to conversion of the SAFE - if an employee pool is created during the round, it is taken into account for the conversion of the SAFE. Ledgy does the math for you, so you're on the safe side ;-)
You can download the cap table in PDF or Excel format.
For a more complete comparison, you can use our guide to ESOP vs PSOP.
You can use our [ESOP template generator] to get started (/employee-participation-plan-templates/).
In 2015, a law to avoid money laundering had been created. It states that if a shareholder (person or institution) holds 25% or more of the company, he must disclose his name and address to the company.
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