# Fundraising Scenario

Fill this scenario before starting a financing process. Size the raise from the
cash model, show what it buys in each case, model the fully diluted cap-table
impact, and list what must be prepared for diligence. This is not legal,
securities, tax, or accounting advice; involve qualified counsel.

## Business Case and Cash Model

- Stage / round: `[fill: e.g. Series A]`
- Currency: `[fill: e.g. USD]`
- Prepared by / date: `[fill: name or handle, YYYY-MM-DD]`
- Base-case net monthly cash burn: `[fill: amount; define cash basis, not P&L loss]`
- Available cash today: `[fill: amount]`
- Base-case cash-out date without financing: `[fill: date]`

## Raise Size and Runway

- Proposed raise size: `[fill: amount]`
- Target runway after close (months): `[fill: count]`

| Case | Net monthly burn | Runway from raise (months) | Cash-out date | Key drivers |
|---|---|---|---|---|
| Upside | `[fill: amount]` | `[fill: result]` | `[fill: date]` | `[fill: drivers]` |
| Base | `[fill: amount]` | `[fill: result]` | `[fill: date]` | `[fill: drivers]` |
| Downside | `[fill: amount]` | `[fill: result]` | `[fill: date]` | `[fill: drivers]` |

- One-time costs and slower-collections sensitivity: `[fill: what else could move the burn]`
- Contingency plan if terms change or timing slips: `[fill: description]`

## Cap Table Impact (Fully Diluted)

- Pre-money valuation: `[fill: amount]`
- New money: `[fill: amount]`
- Post-money valuation: `[fill: amount]`
- Option-pool increase and who bears the dilution: `[fill: % and description]`
- Existing convertibles, warrants, and preferences: `[fill: summary]`

| Holder class | Pre-round ownership % | Post-round ownership % | Notes |
|---|---|---|---|
| Founders | `[fill: %]` | `[fill: %]` | `[fill: notes]` |
| Employees (option pool) | `[fill: %]` | `[fill: %]` | `[fill: notes]` |
| Existing investors | `[fill: %]` | `[fill: %]` | `[fill: notes]` |
| New investors | n/a | `[fill: %]` | `[fill: notes]` |

## Term-Sheet Modeling

Model the economic result of key terms at several exit values, not just the
headline valuation.

| Term | Assumption to model | Result across exit values |
|---|---|---|
| Liquidation preference | `[fill: multiple and seniority]` | `[fill: who gets paid first and how much at each exit]` |
| Participation | `[fill: participates or capped]` | `[fill: effect on common proceeds]` |
| Anti-dilution | `[fill: down-round mechanics]` | `[fill: conversion impact]` |
| Pro-rata / ROFR / drag-along | `[fill: rights]` | `[fill: effect on future rounds and transfers]` |

## Diligence Preparation

- [ ] Reconciled financial model (base/upside/downside, linked statements)
- [ ] Current cap table with all instruments
- [ ] Historical financial statements
- [ ] Customer and retention analysis
- [ ] Material contracts and corporate records
- [ ] Risks and assumptions document
- [ ] Access-control plan for sensitive records

## Decisions & Follow-Ups

- Decision this scenario supports: `[fill: e.g. raise now vs. extend runway first]`
- Open questions for counsel / advisors: `[fill: questions]`
- Next review date: `[fill: YYYY-MM-DD]`