Entrepreneurs
Build the right models to clarify deal terms for each stakeholder and drive faster decisions.
Sell your startup with a clear picture of how the funds flow
Waterfall Distribution Spreadsheets designed at speed for complex M&A, Financing and Restructuring deals.
Our clients
Drive Deal Decisions
Investors
Stop rebuilding Excel from scratch each time, figure out ROIC in all relevant scenarios.
Advisors
Show clients exactly who gets paid and how.
Visualize Complex Deal Terms
We use your Cap Tables and incorporate the deal-specific Purchase Price Model to outline who gets what in your transaction.
Bring your Cap Table
Bring your Cap Table(s) from any platform
Closing Consideration Mix
Model mix of cash and non-cash (stock, debt, etc.) instruments, current and deferred payments
Purchase Price Model
Model different closing adjustments, deductions, escrows, withholdings and earnouts
Liquidation Preferences
Model inter-connected investor liquidation preferences, participation and caps, and assess conversion tradeoffs visually
Exports & Reports
Generate clean PDF and Excel files for stakeholder reporting
Looking for a Spreadsheet to clarify terms for your Investors and other Stakeholders in an active deal?
More Than Just Ownership Charts
Most tools stop at keeping track of who owns what now. This results in tables and charts show ownership by co-founders, investors, employees and advisors.
Waterfall automates and dynamically maintains what actually matters at deal close: Fully Diluted Ownership for each equity class and the distribution mechanisms that drive these for each stakeholder.
Frequently asked questions
What do I need to get started?
Begin with an idea about the deal you have! If you have a Term Sheet, Cap Table or any governing documents, bring them in!
Your transaction (and distribution Waterfall) will evolve as you gather and define more data.
When should I model my deal on Studio?
Creating a Waterfall model early in a transaction can help track the evolution of terms, decisions and analysis by all parties as the transaction progresses.
Once a Term Sheet / Letter of Intent (LOI) document has been signed, Waterfall models can help detail the impact of terms on each stakeholder and group.
How can I verify the models generated?
Legal provisions can have different interpretations, and terms of a transaction are rife with complexities of this type.
This is why we focus on verifying calculations using trails of data through the Waterfall. Please use the Waterfall Studio dashboard to trace calculated outputs and impact analyses.
What if my situation is more complex?
Custom modeling is delivered through Waterfall Orchestra, our white-glove service offering for large and complex deals. Please book a meeting to discuss your context: Book a slot with deal team