A founder's guide to pricing your first VC round

This template is a guide by Nuno on how founders can price their first fundraising round and understand the numbers behind the terms.

This template was created by our co-founder Nuno, as a guide on how to understand and price your first fundraising round.

It's quite a complex topic that a lot of founders struggle with, so we dissect it down to help you better understand the numbers behind the terms.

We guide you through key concepts like:

  • Understanding term sheets
  • Pricing the round based on pre-money and post-money valuation
  • Employee Stock Option Pool (ESOP) and how they work
  • Creating an updated cap table

You can duplicate this template and start editing to customize it to your circumstances.