As co-founder, Erik led the product architecture and design of Clock Capital. By computing the impact of complex deal terms across multiple financing rounds, Clock simplifies and brings clarity to capitalization. Behind the scenes, Clock transforms interest-bearing convertible debt into preferred equity and models the impact of anti-dilution provisions, pro-rata rights, payout prioritization waterfalls, and break-even analysis for M&A transactions.
Clock is used to evaluate and manage investments in early-stage companies.
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
