Convertible Note Calculator

The tool computes a conversion price both ways — applying the discount % to the round's price per share, and separately implying a price from the valuation cap relative to the round's pre-money — then uses whichever price is LOWER, since a lower conversion price gives the investor more shares. This is standard convertible note mechanics.

A convertible note is a debt instrument that accrues interest over time (added to principal before conversion); a SAFE (Simple Agreement for Future Equity) is not debt and accrues no interest. Both use the same discount-vs-cap conversion logic once you have an amount to convert.

You need a hypothetical or actual future round's price per share and pre-money valuation to run this calculation — it estimates what WOULD happen at conversion, not a valuation of the note today.

No — it only computes the conversion mechanics (interest accrual + discount/cap), not maturity date handling, which is a separate term in the actual note agreement.