Try it

The full tool, on a sample company.

Drag the enterprise value, change the sample's terms (unlock the structure and make a preference participating, add a cap, swap the ranks) and watch every number move. This is the real tool, not a mock-up. Nothing you change here is saved.

New here? Press Tour in the tool for a one-minute guide.

Waterfall IQ · sample company New tab ↗

The sample is a worked example company. To use your own cap table (type it in or import it from Excel) and keep your work, start a free 7-day trial.

Not sure where to start?

Open the Exit waterfall, drag the slider, and read the sentence next to each class. That is the whole idea.

Want a 2-minute check?

Try the free offer check: compare two offers with escrow and earnouts, no cap table needed.

Learn the ideas first

Read what an exit waterfall is, with a worked example you can try above.