Why are ownership after conversion and ownership after round different?
Ownership after conversion shows what an investor owns before new investors and pro rata investors come in at your next priced round. We show this separately so you can see how pre-money safe investors dilute each other, but post-money safe investors are not diluted by other safe investors.
Ownership after round shows what an investor owns after new investors and pro rata investors come in at your next priced round. Post-money safe investors are diluted after the round by new investors and pro rata investors.