Does it make sense to negotiate with existing investors about a waiver of all or part of their anti-dilution protection? How will an increase in the option pool impact fully diluted shares and anti-dilution triggers after a proposed financing round and warrant expirations? What will my fund’s exact % ownership be, on an issued and fully diluted basis in 1.3 years? These are just a few of the questions literally consume hundreds of millions each year to solve on a very limited basis. DownRound 2006 is the only tool that gives you all the knowledge you need to model these and 100’s of other critical scenarios, accurately, with a single click. 12 of 125 Features Only Available In DownRound 2006 • Excel capitalization table, becomes dynamic business intelligence • Attach all transaction documents (Word) to the new dynamic file • Dynamic generation of deal pricing with just two inputs • Precise modeling of thousands of variables • Dynamic generation of deal pricing with just two input values • One-click access to convertible bridge notes, anti-dilution, liquidation preferences • Workflow history showing who proposed changes deals or terms and when • Copies, edits, displays and tests all deal terms from round to round • Options plan modeling with easy user access to assumptions • Ability to edit and view unique characteristics of common shares, holders and consideration • Email, encrypt, edit, track on Windows 5.0 Handheld, Vista Desktop or XP machine • Export back to Excel 2007 and retain OferX functionality to click and view how amounts were arrived at in quantifiable understandable terms Forward a capitalization table in Excel format as of the close of the last round.