Stock Parameters ⓘ Your shareholding details: how many shares you own, the price being offered, and what you originally paid to acquire them.
Not set
Company Exit Assumptions ⓘ Project how the company might perform if you hold your shares until exit.
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Data Sources Validation

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Certificate of Incorporation
Authorized shares, share classes, liquidation preferences, from Delaware filings
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409A Valuation Report
Professional third-party valuation providing enterprise value and share pricing
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SEC Form Filings
Official funding round disclosures confirming capital raised, dates, and valuations for series
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Cross-Validation Process
All data points reconciled across multiple sources to achieve 85-95% confidence
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Data Integrity: The underlying cap table and financial structure have been reconstructed with institutional-grade accuracy.

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In-Built Assumptions

• Capitalization structure
• Outstanding shares
• Liquidation preferences
• Baseline revenue figures
• Convertible instruments
• Conversion mechanics
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Not Financial Advice

Independent analysis tool. Not affiliated with or endorsed by the company. This is a modeling tool, not investment advice. Projections are based on assumptions that may not materialize. Actual outcomes may differ significantly. Consult qualified financial, legal, and tax advisors before any transaction.

In-Built Assumptions
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Begin Your Analysis
Complete all required inputs to unlock your personalized valuation
Required Fields
Shares • Offer Price • Exercise Cost • Date of Exercise
Cash You Receive Today
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-- shares × --/share
💡 Tip: Enter your Original Exercise Cost in the input panel to see your personal profit and ROI from this sale.
📋 Understanding Your Sale Returns
The returns shown above represent what you would gain by selling your shares today at the current offer price. These calculations use your original exercise cost to show your realized profit from immediate liquidity.
Cash You Could Receive in the Future
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-- shares × --/share
YOUR RETURN METRICS (IF YOU HOLD)
Exit Value per Share ⓘ
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Gain per Share ⓘ
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Total Profit ⓘ
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Return on Investment (ROI) ⓘ
--
Multiple on Invested Capital (MOIC) ⓘ
--
Internal Rate of Return (IRR) ⓘ
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Your Original Investment -- shares × --/share
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📋 Understanding Your Holding Returns
The returns shown above represent what you would gain by holding your shares through exit. These calculations use your original exercise cost to show your true profit potential if you wait for a liquidity event.
💰 Sell Now
• Guaranteed cash today
• Can redeploy capital immediately
Cash You Receive
$320,000
📈 Hold to Exit
• Projected exit value
• Requires waiting 5 years + exit risk
Projected Exit Value
$847,000
Potential additional gain by holding: +$527,000
← SELL
HOLD →
Strong Sell Sell Neutral Hold Strong Hold

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The Key Question
Do you believe Kueski will exit above
$400M ⓘ
within 5 years?
YES → Hold
NO → Sell
⚠️ Not Financial Advice
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Enter an offer price to see how it compares to the last financing round and recent secondary transactions.
Last Financing (Series C)
$13.02
Preferred price • 2021
Tender Offer
$11.26
Common price • 2021
Last Secondary Sale
$9.00 ! ⚠️ Confidential
Likely preferred • 2025
📊 Funding History & Transaction Details
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📄 Data Sources Validation
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Frequently Asked Questions

Quick answers to common questions about secondary transactions

What is a secondary transaction?

When you sell your existing shares to another investor. The money goes to you, not the company.

How are shares valued in secondary sales?

Typically 30-50% below the last funding round price. This discount reflects liquidity premium, share class differences, and market conditions.

What are the tax implications?

Capital gains tax applies. Long-term (>1 year): 15-20%. Short-term (<1 year): ordinary income tax rates. Consult a tax advisor for your specific situation.

What approvals are needed to sell my shares?

Secondary transactions require: (1) Right of First Refusal (ROFR) – the company and existing investors have the right to purchase your shares before you can sell to a third party, and (2) Board approval – the company's Board of Directors must approve the transaction and the buyer. You'll also need an actual buyer with a firm written offer. These requirements protect the company's control over its shareholder base.

How accurate is this calculator?

The math is precise (dilution, returns, waterfall). The future outcomes are estimates. Use this to understand trade-offs and model scenarios—not as a guarantee of returns.