Entrepreneurs
Trust their numbers in equity and exit models.
Manage Company Ownership today with clarity on who gets what later
Built for founders, entrepreneurs, law firms, and M&A teams — manage cap tables, model purchase price and liquidation preferences: allocations in minutes not weeks!
Our clients
Drive Deal Decisions
Lawyers
Stop rebuilding Excel from scratch each time.
Advisors
Show clients exactly who gets paid and how.
What You Can Do With Studio
Waterfall Cap Tables are pre-connected to Purchase Price model builders to show you how your distributions change as your company grows, goes through rounds of Fundraising or an Exit.
Simplify Cap Table
Host your Cap Table(s), model SAFEs, notes, priced rounds, and dilution
Waterfall Distributions
Model exit distributions at class and equity issuance level
Purchase Price Model
Model different closing adjustments, deductions, escrows, withholdings
Liquidation Preference Engine
Model inter-connected investor liquidation preferences, participation and caps, or convert with a click
Exports & Reports
Generate clean PDF and Excel files for stakeholder reporting
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