Calculator 13 • Non-Dilutive Capital Structure
Venture Debt vs. Equity Dilution Calculator
Compare raising capital via a Venture Debt facility (interest payments, end-of-term fees, and warrant coverage) against issuing dilutive equity at your current valuation.
1. Facility & Valuation Terms
Equity Dilution
10.00%
If raised as equity
Warrant Dilution
1.00%
10x less dilution
Total Debt Cost
$2.55M
Interest + fees + warrants
Founder Value Saved
+$15.45M
At target exit
Capital Cost at Target Exit Comparison
| Cost Component | Venture Debt Facility | Priced Equity / SAFE |
|---|---|---|
| Ownership Diluted (%) | 1.00% (Warrants) | 10.00% (Shares) |
| Cash Interest + End-of-Term Fees | $747,000 | $0 |
| Value of Equity/Warrants at Exit | $1,800,000 | $18,000,000 |
| Total Economic Cost of Capital (Above Principal) | $2,547,000 | $15,000,000 |