Clock Capital - Seattle, WA
As a repeat founder and investor, I needed a financial model to manage equity for founders, employees and investors who acquired equity at different terms and prices over the life of the company. What started out with a few screens and a spreadsheet has become a powerful piece of software that lets you travel through time: Clock.
By computing the impact of complex deal terms across multiple financing rounds, Clock helps company builders manage equity from pre-seed to IPO. Behind the scenes, Clock transforms interest-bearing convertible debt or SAFEs into preferred equity rounds. With Clock, you can easily create a pre-money option pool along with grants for employees and contractors, with time-based vesting and optional cliffs. Clock automatically computes the impact of multiple term sheets, bridge rounds, anti-dilution provisions, pro-rata rights, payout prioritization waterfalls, and break-even analysis for evaluating future M&A transactions. If any of that sounds daunting, Clock teaches you what everything means one step at a time so you can learn as you go and avoid costly mistakes.
Clock is available for private use by founders, angel investors, employees, contractors, and is in development for general partners (VC), limited partners (Funds), and family offices. If you would like to learn more, email erik@clockcapital.com.
Role
Co-founder, Product Designer
Date
January, 2015
Accomplishments
- Architected, designed, and built a cap table tracking software
- Recruited and led a team of 4 developers, 1 program manager
- Self-funded from concept to minimum viable product in 6 months
- Managed valuation and dilution over time for all stakeholders
- Factored in convertible debt, preferred equity, employee options
- Forecasted the downstream financial impact of legal deal terms
- Computed the conversion of preferred stock to common stock
- Factored sophisticated valuation breakpoints and anti-dilution
Clock Capital - Seattle, WA
Role
Co-founder, Product Designer
Dates
January, 2015 - December, 2015 • 1 year
Accomplishments
- Architected, designed, and built a cap table tracking software
- Recruited and led a team of 4 developers, 1 program manager
- Self-funded from concept to minimum viable product in 6 months
- Managed valuation and dilution over time for all stakeholders
- Factored in convertible debt, preferred equity, employee options
- Forecasted the downstream financial impact of legal deal terms
- Computed the conversion of preferred stock to common stock
- Factored sophisticated valuation breakpoints and anti-dilution
As a repeat founder and investor, I needed a financial model to manage equity for founders, employees and investors who acquired equity at different terms and prices over the life of the company. What started out with a few screens and a spreadsheet has become a powerful piece of software that lets you travel through time: Clock.
By computing the impact of complex deal terms across multiple financing rounds, Clock helps company builders manage equity from pre-seed to IPO. Behind the scenes, Clock transforms interest-bearing convertible debt or SAFEs into preferred equity rounds. With Clock, you can easily create a pre-money option pool along with grants for employees and contractors, with time-based vesting and optional cliffs. Clock automatically computes the impact of multiple term sheets, bridge rounds, anti-dilution provisions, pro-rata rights, payout prioritization waterfalls, and break-even analysis for evaluating future M&A transactions. If any of that sounds daunting, Clock teaches you what everything means one step at a time so you can learn as you go and avoid costly mistakes.
Clock is available for private use by founders, angel investors, employees, contractors, and is in development for general partners (VC), limited partners (Funds), and family offices. If you would like to learn more, email erik@clockcapital.com.
