Who Waterfalls is for

Waterfalls is a focused exit- and waterfall-modeling tool. The job is the same for everyone (model exactly who gets what when a company is sold), but the questions differ by role. Pick yours.

For VCs & angels

Independently check any portfolio waterfall (liquidation preferences, participation, and as-converted returns) with a validated, decimal-precision engine.

Live waterfall payout chart at varying exit values

For CFOs & finance teams

Build board-ready exit scenarios at any valuation. Reproducible, auditable, step-by-step modeling instead of a fragile one-owner spreadsheet.

Cap table interface with multiple share classes and liquidation preferences

For founders

See what you actually walk away with after preferences. Model your exit and your next round's dilution in minutes.

Exit scenario simulator running side-by-side what-if comparisons

For lawyers & advisors

Turn liquidation preferences, convertibles, and carve-outs into defensible client numbers, each with a step-by-step breakdown.

Management carve-out modeling with pre or post preference allocation

New to exit waterfalls? Start with how a waterfall analysis works, or see how Waterfalls keeps the math right and pricing.

Model exactly who gets what

The same validated engine for every role. Start free with no credit card, cancel anytime, and your projects are always kept.

Start free

No credit card required