> This tool isn't really helpful. huh? You go on to describe exactly how it's helpful. "IPO" is just shorthand for the price at which your options become liqu

> This tool isn't really helpful. huh? You go on to describe exactly how it's helpful. "IPO" is just shorthand for the price at which your options become liquid. There are many spreadsheets you can find to calculate this, round-by-round so that you can run scenarios. Just search for 'cap table excel' or 'cap table example'. The beauty of this tool is the interactive slider. Of course it's very simplified for the sake of ease of use, but it is fun and helpful. And they do a great job being crystal clear about the oversimplification, and point you to resources to learn a lot more! It's really great. Could it be better? sure. But then it'd start encroaching on the author's commercial tool (captable.io)