Catalyst x Morrison Foerster: Pro Forma & Priced Funding Rounds
Join MoFo's ECVC partners, Jae Zhou and Frank Paz, for a practical session on one of the most consequential decisions in early-stage fundraising: how your round is structured, and what that structure actually does to your cap table.
Whether you're raising on convertible instruments and modeling conversion pro forma or moving to a priced equity round, the mechanics differ in ways that surface years later: in dilution, control, investor rights, and your leverage in the next raise.
This session breaks down the tradeoffs in plain terms, with attention to the details founders most often miss until it's too late to fix them.
We'll be covering:
How pro forma and priced structures differ mechanically
Reading and building a pro forma cap table
The dilution math founders tend to underestimate
When each approach makes sense vs when it doesn't
Common pitfalls, from stacked SAFEs to option pool shuffles
Followed by open Q&A with the MoFo team.
📅 Wednesday at 12:00 PM ET
📍 Google Meet — link sent to registrants
🎟️ RSVP here on Luma