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Glama

Compute a cap table

cap_table_compute
Read-only

Use whenever the user asks who owns what after a financing: founder splits, option pools, priced rounds, SAFEs and convertible notes converting, warrants, pro-rata, or dilution across several rounds. Takes the financing events in order and returns fully diluted ownership after each event plus the final cap table. Prefer this over doing the arithmetic yourself: SAFE and note conversion (pre- vs post-money caps, discounts, pool shuffles) is where model-written math most often goes wrong, and this runs the same tested engine as Hemrock's cap table models. Paid: the Cap Table & Exit Waterfall product, $20/year for 6,000 calculations shared with exit_waterfall_compute. If the result contains action_required (not signed in, no purchase, allowance used), relay it to the user with its links and offer to retry. Never skip the calculation silently.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
eventsYes
idempotency_keyNoOptional retry key; reuse only with identical input.

Schema Changelog

Changes observed during successful MCP inspections.

  1. Changed7 schema fields changed
    • addedInput schema / definitions / ProductAccess / properties / active / description
      Added value: +"Active paid term; use state/freeRemaining for trial access."
    • addedInput schema / definitions / ProductAccess / properties / freeRemaining
      Added value: +{
      +  "minimum": 0,
      +  "type": "integer"
      +}
    • addedInput schema / definitions / ProductAccess / properties / nextAction
      Added value: +{
      +  "type": "string"
      +}
    • addedInput schema / definitions / ProductAccess / properties / paidExpiration
      Added value: +{
      +  "type": [
      +    "string",
      +    "null"
      +  ]
      +}
    • addedInput schema / definitions / ProductAccess / properties / paidRemaining
      Added value: +{
      +  "minimum": 0,
      +  "type": "integer"
      +}
    • addedInput schema / definitions / ProductAccess / properties / source
      Added value: +{
      +  "enum": [
      +    "free",
      +    "paid"
      +  ],
      +  "type": "string"
      +}
    • addedInput schema / definitions / ProductAccess / properties / state
      Added value: +{
      +  "enum": [
      +    "free_available",
      +    "free_exhausted",
      +    "paid_active",
      +    "paid_expired",
      +    "paid_quota_exhausted"
      +  ],
      +  "type": "string"
      +}
  2. Changed50 schema fields changed
    • addedInput schema / additionalProperties
      Added value: +false
    • addedInput schema / definitions / AccessResponse
      Added value: +{
      +  "properties": {
      +    "data": {
      +      "properties": {
      +        "daily": {
      +          "items": {
      +            "$ref": "#/definitions/DailyUsage"
      +          },
      +          "type": "array"
      +        },
      +        "monthly": {
      +          "items": {
      +            "$ref": "#/definitions/MonthlyUsage"
      +          },
      +          "type": "array"
      +        },
      +        "periods": {
      +          "items": {
      +            "allOf": [
      +              {
      +                "$ref": "#/definitions/UsagePeriod"
      +              },
      +              {
      +                "properties": {
      +                  "product": {
      +                    "enum": [
      +                      "cap-table",
      +                      "fund-economics"
      +                    ],
      +                    "type": "string"
      +                  }
      +                },
      +                "required": [
      +                  "product"
      +                ],
      +                "type": "object"
      +              }
      +            ]
      +          },
      +          "type": "array"
      +        },
      +        "products": {
      +          "items": {
      +            "$ref": "#/definitions/ProductAccess"
      +          },
      +          "type": "array"
      +        }
      +      },
      +      "required": [
      +        "products",
      +        "daily"
      +      ],
      +      "type": "object"
      +    }
      +  },
      +  "type": "object"
      +}
    • removedInput schema / definitions / ApiKey
      Removed value: -{
      -  "properties": {
      -    "created_at": {
      -      "type": "string"
      -    },
      -    "id": {
      -      "type": "string"
      -    },
      -    "key_prefix": {
      -      "description": "First chars of the token, for display.",
      -      "type": "string"
      -    },
      -    "last_used_at": {
      -      "type": [
      -        "string",
      -        "null"
      -      ]
      -    },
      -    "name": {
      -      "type": "string"
      -    },
      -    "revoked_at": {
      -      "type": [
      -        "string",
      -        "null"
      -      ]
      -    }
      -  },
      -  "type": "object"
      -}
    • removedInput schema / definitions / CapTableEvent
      Removed value: -{
      -  "description": "One cap-table event, discriminated by `type`. Pass events in chronological order.",
      -  "discriminator": {
      -    "mapping": {
      -      "common_issuance": "#/components/schemas/CommonIssuanceEvent",
      -      "convertible_round": "#/components/schemas/ConvertibleRoundEvent",
      -      "manual_issuance": "#/components/schemas/ManualIssuanceEvent",
      -      "option_grant": "#/components/schemas/OptionGrantEvent",
      -      "option_pool": "#/components/schemas/OptionPoolEvent",
      -      "priced_round": "#/components/schemas/PricedRoundEvent",
      -      "secondary_sale": "#/components/schemas/SecondarySaleEvent",
      -      "warrant_round": "#/components/schemas/WarrantRoundEvent"
      -    },
      -    "propertyName": "type"
      -  },
      -  "oneOf": [
      -    {
      -      "$ref": "#/definitions/CommonIssuanceEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/OptionPoolEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/SecondarySaleEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/OptionGrantEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/ManualIssuanceEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/ConvertibleRoundEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/WarrantRoundEvent"
      -    },
      -    {
      -      "$ref": "#/definitions/PricedRoundEvent"
      -    }
      -  ]
      -}
    • addedInput schema / definitions / CapTableSnapshot
      Added value: +{
      +  "properties": {
      +    "holdings": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "label": {
      +      "type": "string"
      +    },
      +    "outstandingConvertibles": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "ownership": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "pricePerShare": {
      +      "type": "number"
      +    },
      +    "roundDetail": {
      +      "type": "object"
      +    },
      +    "totalShares": {
      +      "type": "number"
      +    }
      +  },
      +  "required": [
      +    "label",
      +    "holdings",
      +    "totalShares",
      +    "ownership",
      +    "outstandingConvertibles"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / ComputeRequest / additionalProperties
      Added value: +false
    • removedInput schema / definitions / ComputeRequest / properties / events / description
      Removed value: -"Ordered list of cap-table events to fold."
    • removedInput schema / definitions / ComputeRequest / properties / events / items / $ref
      Removed value: -"#/definitions/CapTableEvent"
    • addedInput schema / definitions / ComputeRequest / properties / events / items / description
      Added value: +"One cap-table event, discriminated by `type`. Pass events in chronological order."
    • addedInput schema / definitions / ComputeRequest / properties / events / items / discriminator
      Added value: +{
      +  "mapping": {
      +    "common_issuance": "#/components/schemas/CommonIssuanceEvent",
      +    "convertible_round": "#/components/schemas/ConvertibleRoundEvent",
      +    "manual_issuance": "#/components/schemas/ManualIssuanceEvent",
      +    "option_grant": "#/components/schemas/OptionGrantEvent",
      +    "option_pool": "#/components/schemas/OptionPoolEvent",
      +    "priced_round": "#/components/schemas/PricedRoundEvent",
      +    "secondary_sale": "#/components/schemas/SecondarySaleEvent",
      +    "warrant_round": "#/components/schemas/WarrantRoundEvent"
      +  },
      +  "propertyName": "type"
      +}
    • addedInput schema / definitions / ComputeRequest / properties / events / items / oneOf
      Added value: +[
      +  {
      +    "$ref": "#/definitions/CommonIssuanceEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/OptionPoolEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/SecondarySaleEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/OptionGrantEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/ManualIssuanceEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/ConvertibleRoundEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/WarrantRoundEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/PricedRoundEvent"
      +  }
      +]
    • addedInput schema / definitions / ComputeRequest / properties / events / maxItems
      Added value: +200
    • addedInput schema / definitions / ComputeResponse / properties / data / properties / final / $ref
      Added value: +"#/definitions/CapTableSnapshot"
    • removedInput schema / definitions / ComputeResponse / properties / data / properties / final / description
      Removed value: -"The final cap-table state."
    • removedInput schema / definitions / ComputeResponse / properties / data / properties / final / type
      Removed value: -"object"
    • addedInput schema / definitions / ComputeResponse / properties / data / properties / snapshots / items / $ref
      Added value: +"#/definitions/CapTableSnapshot"
    • removedInput schema / definitions / ComputeResponse / properties / data / properties / snapshots / items / type
      Removed value: -"object"
    • removedInput schema / definitions / CreateKeyRequest
      Removed value: -{
      -  "properties": {
      -    "name": {
      -      "description": "Label for the key, written into the audit trail.",
      -      "type": "string"
      -    }
      -  },
      -  "type": "object"
      -}
    • addedInput schema / definitions / DailyUsage
      Added value: +{
      +  "properties": {
      +    "day": {
      +      "format": "date",
      +      "type": "string"
      +    },
      +    "endpoint": {
      +      "type": "string"
      +    },
      +    "failed": {
      +      "type": "integer"
      +    },
      +    "product": {
      +      "enum": [
      +        "cap-table",
      +        "fund-economics"
      +      ],
      +      "type": "string"
      +    },
      +    "source": {
      +      "type": "string"
      +    },
      +    "succeeded": {
      +      "type": "integer"
      +    }
      +  },
      +  "required": [
      +    "day",
      +    "product",
      +    "endpoint",
      +    "source",
      +    "succeeded",
      +    "failed"
      +  ],
      +  "type": "object"
      +}
    • changedInput schema / definitions / Error / properties / error / properties / code / enum
      Previous value: -[
      -  "unauthorized",
      -  "payment_required",
      -  "validation_failed",
      -  "engine_error",
      -  "method_not_allowed",
      -  "internal_error"
      -]New value: +[
      +  "unauthorized",
      +  "payment_required",
      +  "validation_failed",
      +  "engine_error",
      +  "quota_exhausted",
      +  "rate_limited",
      +  "idempotency_conflict",
      +  "service_unavailable",
      +  "method_not_allowed",
      +  "internal_error"
      +]
    • addedInput schema / definitions / FundComputeRequest / $schema
      Added value: +"http://json-schema.org/draft-07/schema#"
    • addedInput schema / definitions / FundComputeRequest / additionalProperties
      Added value: +false
    • changedInput schema / definitions / FundComputeRequest / properties / inputs / additionalProperties
      Previous value: -trueNew value: +false
    • removedInput schema / definitions / FundComputeRequest / properties / inputs / description
      Removed value: -"Fund Economics inputs: committed capital, fees, portfolio construction, carry tiers."
    • addedInput schema / definitions / FundComputeRequest / properties / inputs / properties
      Added value: +{
      +  "carryPct": {
      +    "maximum": 1,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "committedCapital": {
      +    "exclusiveMinimum": 0,
      +    "type": "number"
      +  },
      +  "fundOperationsYears": {
      +    "exclusiveMinimum": 0,
      +    "type": "number"
      +  },
      +  "gpCommitCountedTowardInvested": {
      +    "type": "boolean"
      +  },
      +  "gpCommitPct": {
      +    "maximum": 1,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "mgmtFeePct": {
      +    "maximum": 1,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "mgmtFeeSchedule": {
      +    "items": {
      +      "maximum": 1,
      +      "minimum": 0,
      +      "type": "number"
      +    },
      +    "type": "array"
      +  },
      +  "mgmtFeesPeriodYears": {
      +    "exclusiveMinimum": 0,
      +    "type": "number"
      +  },
      +  "newInvestmentPeriodYears": {
      +    "exclusiveMinimum": 0,
      +    "type": "number"
      +  },
      +  "operationalExpenseLines": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "amount": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "label": {
      +          "type": "string"
      +        }
      +      },
      +      "required": [
      +        "label",
      +        "amount"
      +      ],
      +      "type": "object"
      +    },
      +    "type": "array"
      +  },
      +  "operationalExpensesAnnual": {
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "operationalExpensesBreakout": {
      +    "additionalProperties": false,
      +    "properties": {
      +      "audit": {
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "fundAdmin": {
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "other": {
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "tax": {
      +        "minimum": 0,
      +        "type": "number"
      +      }
      +    },
      +    "required": [
      +      "fundAdmin",
      +      "tax",
      +      "audit",
      +      "other"
      +    ],
      +    "type": "object"
      +  },
      +  "organizationalExpenseLines": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "amount": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "label": {
      +          "type": "string"
      +        }
      +      },
      +      "required": [
      +        "label",
      +        "amount"
      +      ],
      +      "type": "object"
      +    },
      +    "type": "array"
      +  },
      +  "organizationalExpenses": {
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "partnershipExpenseLines": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "amount": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "label": {
      +          "type": "string"
      +        }
      +      },
      +      "required": [
      +        "label",
      +        "amount"
      +      ],
      +      "type": "object"
      +    },
      +    "type": "array"
      +  },
      +  "partnershipExpensesAnnual": {
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "portfolio": {
      +    "additionalProperties": false,
      +    "properties": {
      +      "avgCheckSizeFollow": {
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "avgCheckSizeNew": {
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "entryStages": {
      +        "items": {
      +          "additionalProperties": false,
      +          "properties": {
      +            "avgCheckSize": {
      +              "minimum": 0,
      +              "type": "number"
      +            },
      +            "followOnChecks": {
      +              "items": {
      +                "additionalProperties": false,
      +                "properties": {
      +                  "avgCheckSize": {
      +                    "minimum": 0,
      +                    "type": "number"
      +                  },
      +                  "label": {
      +                    "type": "string"
      +                  },
      +                  "pctOfReserve": {
      +                    "maximum": 1,
      +                    "minimum": 0,
      +                    "type": "number"
      +                  }
      +                },
      +                "required": [
      +                  "avgCheckSize"
      +                ],
      +                "type": "object"
      +              },
      +              "type": "array"
      +            },
      +            "initialCheckLabel": {
      +              "type": "string"
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "numInvestments": {
      +              "minimum": 0,
      +              "type": "number"
      +            },
      +            "pctAllocation": {
      +              "maximum": 1,
      +              "minimum": 0,
      +              "type": "number"
      +            },
      +            "reserveRatio": {
      +              "maximum": 1,
      +              "minimum": 0,
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "name",
      +            "numInvestments",
      +            "avgCheckSize"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "followPct": {
      +        "maximum": 1,
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "newPct": {
      +        "maximum": 1,
      +        "minimum": 0,
      +        "type": "number"
      +      }
      +    },
      +    "required": [
      +      "newPct",
      +      "followPct",
      +      "avgCheckSizeNew",
      +      "avgCheckSizeFollow"
      +    ],
      +    "type": "object"
      +  },
      +  "recycledCapitalPct": {
      +    "maximum": 1,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "returnTiers": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "holdingPeriodYears": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "multiple": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "name": {
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "numCompanies": {
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "pctOfCapital": {
      +          "maximum": 1,
      +          "minimum": 0,
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "name",
      +        "pctOfCapital",
      +        "multiple",
      +        "holdingPeriodYears"
      +      ],
      +      "type": "object"
      +    },
      +    "minItems": 1,
      +    "type": "array"
      +  },
      +  "solveCalledFromDeployment": {
      +    "type": "boolean"
      +  },
      +  "stageInputMode": {
      +    "enum": [
      +      "pct-capital",
      +      "num-companies"
      +    ],
      +    "type": "string"
      +  },
      +  "targetTotalInvestments": {
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "tierFractional": {
      +    "type": "boolean"
      +  },
      +  "tierInputMode": {
      +    "enum": [
      +      "pct-capital",
      +      "num-companies"
      +    ],
      +    "type": "string"
      +  }
      +}
    • addedInput schema / definitions / FundComputeRequest / properties / inputs / required
      Added value: +[
      +  "committedCapital",
      +  "gpCommitPct",
      +  "gpCommitCountedTowardInvested",
      +  "organizationalExpenses",
      +  "operationalExpensesAnnual",
      +  "mgmtFeePct",
      +  "recycledCapitalPct",
      +  "carryPct",
      +  "newInvestmentPeriodYears",
      +  "mgmtFeesPeriodYears",
      +  "portfolio",
      +  "returnTiers"
      +]
    • addedInput schema / definitions / FundResult
      Added value: +{
      +  "properties": {
      +    "calledCapital": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "committedCapital": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "distributions": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "dpi": {
      +      "type": "number"
      +    },
      +    "grossIRR": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "grossMultiple": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "investedCapital": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "managementFees": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "netIRR": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "netMultiple": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "partnershipExpenses": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "pic": {
      +      "type": "number"
      +    },
      +    "proceeds": {
      +      "$ref": "#/definitions/LineTotals"
      +    },
      +    "rvpi": {
      +      "type": "number"
      +    },
      +    "tiers": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "tvpi": {
      +      "type": "number"
      +    },
      +    "weightedHoldPeriodYears": {
      +      "type": "number"
      +    }
      +  },
      +  "required": [
      +    "committedCapital",
      +    "calledCapital",
      +    "managementFees",
      +    "partnershipExpenses",
      +    "investedCapital",
      +    "proceeds",
      +    "distributions",
      +    "grossMultiple",
      +    "netMultiple",
      +    "grossIRR",
      +    "netIRR",
      +    "pic",
      +    "dpi",
      +    "rvpi",
      +    "tvpi",
      +    "weightedHoldPeriodYears"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / LineTotals
      Added value: +{
      +  "properties": {
      +    "gp": {
      +      "type": "number"
      +    },
      +    "lp": {
      +      "type": "number"
      +    },
      +    "total": {
      +      "type": "number"
      +    }
      +  },
      +  "required": [
      +    "total",
      +    "lp",
      +    "gp"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / MonthlyUsage
      Added value: +{
      +  "properties": {
      +    "failed": {
      +      "type": "integer"
      +    },
      +    "month": {
      +      "pattern": "^[0-9]{4}-[0-9]{2}$",
      +      "type": "string"
      +    },
      +    "product": {
      +      "enum": [
      +        "cap-table",
      +        "fund-economics"
      +      ],
      +      "type": "string"
      +    },
      +    "succeeded": {
      +      "type": "integer"
      +    }
      +  },
      +  "required": [
      +    "month",
      +    "product",
      +    "succeeded",
      +    "failed"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / ProductAccess
      Added value: +{
      +  "properties": {
      +    "active": {
      +      "type": "boolean"
      +    },
      +    "allowance": {
      +      "const": 6000,
      +      "type": "integer"
      +    },
      +    "name": {
      +      "type": "string"
      +    },
      +    "period": {
      +      "anyOf": [
      +        {
      +          "type": "null"
      +        },
      +        {
      +          "$ref": "#/definitions/UsagePeriod"
      +        }
      +      ]
      +    },
      +    "priceUsd": {
      +      "const": 20,
      +      "type": "number"
      +    },
      +    "product": {
      +      "enum": [
      +        "cap-table",
      +        "fund-economics"
      +      ],
      +      "type": "string"
      +    },
      +    "remaining": {
      +      "minimum": 0,
      +      "type": "integer"
      +    }
      +  },
      +  "required": [
      +    "product",
      +    "name",
      +    "priceUsd",
      +    "allowance",
      +    "period",
      +    "remaining",
      +    "active"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / ResultResponse / properties / data / properties / result / oneOf
      Added value: +[
      +  {
      +    "$ref": "#/definitions/WaterfallResult"
      +  },
      +  {
      +    "$ref": "#/definitions/FundResult"
      +  }
      +]
    • removedInput schema / definitions / ResultResponse / properties / data / properties / result / type
      Removed value: -"object"
    • addedInput schema / definitions / UsagePeriod
      Added value: +{
      +  "properties": {
      +    "allowance": {
      +      "type": "integer"
      +    },
      +    "consumed": {
      +      "type": "integer"
      +    },
      +    "enabled": {
      +      "type": "boolean"
      +    },
      +    "id": {
      +      "type": "string"
      +    },
      +    "period_end": {
      +      "format": "date-time",
      +      "type": "string"
      +    },
      +    "period_start": {
      +      "format": "date-time",
      +      "type": "string"
      +    },
      +    "reserved": {
      +      "type": "integer"
      +    }
      +  },
      +  "required": [
      +    "id",
      +    "period_start",
      +    "period_end",
      +    "allowance",
      +    "consumed",
      +    "reserved",
      +    "enabled"
      +  ],
      +  "type": "object"
      +}
    • addedInput schema / definitions / WaterfallComputeRequest / $schema
      Added value: +"http://json-schema.org/draft-07/schema#"
    • addedInput schema / definitions / WaterfallComputeRequest / additionalProperties
      Added value: +false
    • removedInput schema / definitions / WaterfallComputeRequest / properties / exitValuation / description
      Removed value: -"Total exit proceeds to distribute."
    • addedInput schema / definitions / WaterfallComputeRequest / properties / exitValuation / maximum
      Added value: +1000000000000000
    • addedInput schema / definitions / WaterfallComputeRequest / properties / exitValuation / minimum
      Added value: +0
    • changedInput schema / definitions / WaterfallComputeRequest / properties / model / additionalProperties
      Previous value: -trueNew value: +false
    • removedInput schema / definitions / WaterfallComputeRequest / properties / model / description
      Removed value: -"Exit-waterfall model: preferred series, common holders, options, warrants, convertibles."
    • addedInput schema / definitions / WaterfallComputeRequest / properties / model / properties
      Added value: +{
      +  "common": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "id": {
      +          "maxLength": 200,
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "invested": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "name": {
      +          "maxLength": 200,
      +          "type": "string"
      +        },
      +        "shares": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "id",
      +        "name",
      +        "shares"
      +      ],
      +      "type": "object"
      +    },
      +    "maxItems": 500,
      +    "type": "array"
      +  },
      +  "convertibles": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "accruedInterest": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "cap": {
      +          "exclusiveMinimum": 0,
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "cashOutAs": {
      +          "enum": [
      +            "debt",
      +            "equity"
      +          ],
      +          "type": "string"
      +        },
      +        "cashOutSeniority": {
      +          "enum": [
      +            "senior",
      +            "pari-passu"
      +          ],
      +          "type": "string"
      +        },
      +        "discount": {
      +          "maximum": 1,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "id": {
      +          "maxLength": 200,
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "kind": {
      +          "enum": [
      +            "pre-safe",
      +            "post-safe",
      +            "note"
      +          ],
      +          "type": "string"
      +        },
      +        "name": {
      +          "maxLength": 200,
      +          "type": "string"
      +        },
      +        "premiumMultiple": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "principal": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "seniority": {
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "id",
      +        "name",
      +        "kind",
      +        "principal"
      +      ],
      +      "type": "object"
      +    },
      +    "maxItems": 100,
      +    "type": "array"
      +  },
      +  "debt": {
      +    "maximum": 1000000000000000,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "options": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "id": {
      +          "maxLength": 200,
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "name": {
      +          "maxLength": 200,
      +          "type": "string"
      +        },
      +        "shares": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "strike": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "vestedFraction": {
      +          "maximum": 1,
      +          "minimum": 0,
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "id",
      +        "name",
      +        "shares",
      +        "strike"
      +      ],
      +      "type": "object"
      +    },
      +    "maxItems": 500,
      +    "type": "array"
      +  },
      +  "preferred": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "conversionRatio": {
      +          "exclusiveMinimum": 0,
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "dividendCumulative": {
      +          "type": "boolean"
      +        },
      +        "dividendRate": {
      +          "maximum": 1,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "dividendStart": {
      +          "pattern": "^\\d{4}-\\d{2}-\\d{2}$",
      +          "type": "string"
      +        },
      +        "holders": {
      +          "items": {
      +            "additionalProperties": false,
      +            "properties": {
      +              "id": {
      +                "maxLength": 200,
      +                "minLength": 1,
      +                "type": "string"
      +              },
      +              "invested": {
      +                "maximum": 1000000000000000,
      +                "minimum": 0,
      +                "type": "number"
      +              },
      +              "name": {
      +                "maxLength": 200,
      +                "type": "string"
      +              },
      +              "shares": {
      +                "maximum": 1000000000000000,
      +                "minimum": 0,
      +                "type": "number"
      +              }
      +            },
      +            "required": [
      +              "id",
      +              "name",
      +              "shares",
      +              "invested"
      +            ],
      +            "type": "object"
      +          },
      +          "maxItems": 500,
      +          "type": "array"
      +        },
      +        "id": {
      +          "maxLength": 200,
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "investmentDate": {
      +          "pattern": "^\\d{4}-\\d{2}-\\d{2}$",
      +          "type": "string"
      +        },
      +        "multiple": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "name": {
      +          "maxLength": 200,
      +          "type": "string"
      +        },
      +        "participation": {
      +          "enum": [
      +            "none",
      +            "full",
      +            "capped"
      +          ],
      +          "type": "string"
      +        },
      +        "participationCap": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "seniority": {
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "id",
      +        "name",
      +        "holders",
      +        "seniority"
      +      ],
      +      "type": "object"
      +    },
      +    "maxItems": 20,
      +    "type": "array"
      +  },
      +  "transactionExpenses": {
      +    "maximum": 1000000000000000,
      +    "minimum": 0,
      +    "type": "number"
      +  },
      +  "unissuedPool": {
      +    "additionalProperties": false,
      +    "properties": {
      +      "shares": {
      +        "maximum": 1000000000000000,
      +        "minimum": 0,
      +        "type": "number"
      +      },
      +      "treatment": {
      +        "const": "cancel",
      +        "type": "string"
      +      }
      +    },
      +    "required": [
      +      "shares"
      +    ],
      +    "type": "object"
      +  },
      +  "warrants": {
      +    "items": {
      +      "additionalProperties": false,
      +      "properties": {
      +        "id": {
      +          "maxLength": 200,
      +          "minLength": 1,
      +          "type": "string"
      +        },
      +        "name": {
      +          "maxLength": 200,
      +          "type": "string"
      +        },
      +        "shares": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        },
      +        "strike": {
      +          "maximum": 1000000000000000,
      +          "minimum": 0,
      +          "type": "number"
      +        }
      +      },
      +      "required": [
      +        "id",
      +        "name",
      +        "shares",
      +        "strike"
      +      ],
      +      "type": "object"
      +    },
      +    "maxItems": 500,
      +    "type": "array"
      +  }
      +}
    • addedInput schema / definitions / WaterfallComputeRequest / properties / model / required
      Added value: +[
      +  "common",
      +  "preferred"
      +]
    • changedInput schema / definitions / WaterfallComputeRequest / required
      Previous value: -[
      -  "model",
      -  "exitValuation"
      -]New value: +[
      +  "exitValuation",
      +  "model"
      +]
    • addedInput schema / definitions / WaterfallResult
      Added value: +{
      +  "properties": {
      +    "classes": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "converged": {
      +      "type": "boolean"
      +    },
      +    "convertibles": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "distributable": {
      +      "type": "number"
      +    },
      +    "exitValuation": {
      +      "type": "number"
      +    },
      +    "holders": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "iterations": {
      +      "type": "integer"
      +    },
      +    "perShare": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    },
      +    "series": {
      +      "items": {
      +        "type": "object"
      +      },
      +      "type": "array"
      +    }
      +  },
      +  "required": [
      +    "exitValuation",
      +    "distributable",
      +    "classes",
      +    "series",
      +    "convertibles",
      +    "holders",
      +    "perShare",
      +    "iterations",
      +    "converged"
      +  ],
      +  "type": "object"
      +}
    • removedInput schema / properties / events / description
      Removed value: -"Ordered list of cap-table events to fold."
    • removedInput schema / properties / events / items / $ref
      Removed value: -"#/definitions/CapTableEvent"
    • addedInput schema / properties / events / items / description
      Added value: +"One cap-table event, discriminated by `type`. Pass events in chronological order."
    • addedInput schema / properties / events / items / discriminator
      Added value: +{
      +  "mapping": {
      +    "common_issuance": "#/components/schemas/CommonIssuanceEvent",
      +    "convertible_round": "#/components/schemas/ConvertibleRoundEvent",
      +    "manual_issuance": "#/components/schemas/ManualIssuanceEvent",
      +    "option_grant": "#/components/schemas/OptionGrantEvent",
      +    "option_pool": "#/components/schemas/OptionPoolEvent",
      +    "priced_round": "#/components/schemas/PricedRoundEvent",
      +    "secondary_sale": "#/components/schemas/SecondarySaleEvent",
      +    "warrant_round": "#/components/schemas/WarrantRoundEvent"
      +  },
      +  "propertyName": "type"
      +}
    • addedInput schema / properties / events / items / oneOf
      Added value: +[
      +  {
      +    "$ref": "#/definitions/CommonIssuanceEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/OptionPoolEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/SecondarySaleEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/OptionGrantEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/ManualIssuanceEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/ConvertibleRoundEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/WarrantRoundEvent"
      +  },
      +  {
      +    "$ref": "#/definitions/PricedRoundEvent"
      +  }
      +]
    • addedInput schema / properties / events / maxItems
      Added value: +200
  3. Changed5 schema fields changed
    • addedInput schema / definitions
      Added value: +{
      +  "ApiKey": {
      +    "properties": {
      +      "created_at": {
      +        "type": "string"
      +      },
      +      "id": {
      +        "type": "string"
      +      },
      +      "key_prefix": {
      +        "description": "First chars of the token, for display.",
      +        "type": "string"
      +      },
      +      "last_used_at": {
      +        "type": [
      +          "string",
      +          "null"
      +        ]
      +      },
      +      "name": {
      +        "type": "string"
      +      },
      +      "revoked_at": {
      +        "type": [
      +          "string",
      +          "null"
      +        ]
      +      }
      +    },
      +    "type": "object"
      +  },
      +  "CapTableEvent": {
      +    "description": "One cap-table event, discriminated by `type`. Pass events in chronological order.",
      +    "discriminator": {
      +      "mapping": {
      +        "common_issuance": "#/components/schemas/CommonIssuanceEvent",
      +        "convertible_round": "#/components/schemas/ConvertibleRoundEvent",
      +        "manual_issuance": "#/components/schemas/ManualIssuanceEvent",
      +        "option_grant": "#/components/schemas/OptionGrantEvent",
      +        "option_pool": "#/components/schemas/OptionPoolEvent",
      +        "priced_round": "#/components/schemas/PricedRoundEvent",
      +        "secondary_sale": "#/components/schemas/SecondarySaleEvent",
      +        "warrant_round": "#/components/schemas/WarrantRoundEvent"
      +      },
      +      "propertyName": "type"
      +    },
      +    "oneOf": [
      +      {
      +        "$ref": "#/definitions/CommonIssuanceEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/OptionPoolEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/SecondarySaleEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/OptionGrantEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/ManualIssuanceEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/ConvertibleRoundEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/WarrantRoundEvent"
      +      },
      +      {
      +        "$ref": "#/definitions/PricedRoundEvent"
      +      }
      +    ]
      +  },
      +  "CommonIssuanceEvent": {
      +    "description": "Issue common stock (founders, employees).",
      +    "properties": {
      +      "grants": {
      +        "items": {
      +          "properties": {
      +            "id": {
      +              "type": "string"
      +            },
      +            "kind": {
      +              "enum": [
      +                "founder",
      +                "employee"
      +              ]
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "shares": {
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "kind",
      +            "shares"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "common_issuance"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "grants"
      +    ],
      +    "type": "object"
      +  },
      +  "ComputeRequest": {
      +    "properties": {
      +      "events": {
      +        "description": "Ordered list of cap-table events to fold.",
      +        "items": {
      +          "$ref": "#/definitions/CapTableEvent"
      +        },
      +        "type": "array"
      +      }
      +    },
      +    "required": [
      +      "events"
      +    ],
      +    "type": "object"
      +  },
      +  "ComputeResponse": {
      +    "properties": {
      +      "data": {
      +        "properties": {
      +          "final": {
      +            "description": "The final cap-table state.",
      +            "type": "object"
      +          },
      +          "snapshots": {
      +            "description": "One snapshot per event, in order.",
      +            "items": {
      +              "type": "object"
      +            },
      +            "type": "array"
      +          }
      +        },
      +        "type": "object"
      +      },
      +      "meta": {
      +        "properties": {
      +          "keyName": {
      +            "type": "string"
      +          }
      +        },
      +        "type": "object"
      +      }
      +    },
      +    "type": "object"
      +  },
      +  "ConvertibleRoundEvent": {
      +    "description": "Issue SAFEs or notes; they convert to preferred at the next priced round.",
      +    "properties": {
      +      "convertibles": {
      +        "items": {
      +          "properties": {
      +            "accruedInterest": {
      +              "type": "number"
      +            },
      +            "capType": {
      +              "enum": [
      +                "pre-money",
      +                "post-money",
      +                "post-money-fixed",
      +                "post-money-fixed-after"
      +              ]
      +            },
      +            "conversionDate": {
      +              "description": "ISO date. Notes only.",
      +              "type": "string"
      +            },
      +            "dilutionMode": {
      +              "description": "Defaults to \"existing-only\".",
      +              "enum": [
      +                "existing-only",
      +                "all"
      +              ]
      +            },
      +            "discount": {
      +              "description": "0..1.",
      +              "type": "number"
      +            },
      +            "id": {
      +              "type": "string"
      +            },
      +            "interestRate": {
      +              "description": "Annual fraction (0.05 = 5%). Notes only.",
      +              "type": "number"
      +            },
      +            "investmentDate": {
      +              "description": "ISO date. Notes only.",
      +              "type": "string"
      +            },
      +            "kind": {
      +              "enum": [
      +                "safe",
      +                "note"
      +              ]
      +            },
      +            "mfn": {
      +              "type": "boolean"
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "principal": {
      +              "type": "number"
      +            },
      +            "valuationCap": {
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "kind",
      +            "principal"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "convertible_round"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "convertibles"
      +    ],
      +    "type": "object"
      +  },
      +  "CreateKeyRequest": {
      +    "properties": {
      +      "name": {
      +        "description": "Label for the key, written into the audit trail.",
      +        "type": "string"
      +      }
      +    },
      +    "type": "object"
      +  },
      +  "Error": {
      +    "properties": {
      +      "error": {
      +        "properties": {
      +          "code": {
      +            "enum": [
      +              "unauthorized",
      +              "payment_required",
      +              "validation_failed",
      +              "engine_error",
      +              "method_not_allowed",
      +              "internal_error"
      +            ],
      +            "type": "string"
      +          },
      +          "details": {},
      +          "message": {
      +            "type": "string"
      +          },
      +          "retryable": {
      +            "type": "boolean"
      +          }
      +        },
      +        "required": [
      +          "code",
      +          "message",
      +          "retryable"
      +        ],
      +        "type": "object"
      +      }
      +    },
      +    "type": "object"
      +  },
      +  "FundComputeRequest": {
      +    "properties": {
      +      "inputs": {
      +        "additionalProperties": true,
      +        "description": "Fund Economics inputs: committed capital, fees, portfolio construction, carry tiers.",
      +        "type": "object"
      +      }
      +    },
      +    "required": [
      +      "inputs"
      +    ],
      +    "type": "object"
      +  },
      +  "ManualIssuanceEvent": {
      +    "description": "Escape hatch: issue exact shares for custom arrangements.",
      +    "properties": {
      +      "issuances": {
      +        "items": {
      +          "properties": {
      +            "class": {
      +              "enum": [
      +                "common",
      +                "preferred",
      +                "option-pool",
      +                "warrant"
      +              ]
      +            },
      +            "countMode": {
      +              "description": "Defaults to \"shares\".",
      +              "enum": [
      +                "shares",
      +                "percent"
      +              ]
      +            },
      +            "id": {
      +              "type": "string"
      +            },
      +            "issuePrice": {
      +              "type": "number"
      +            },
      +            "kind": {
      +              "enum": [
      +                "founder",
      +                "employee",
      +                "investor",
      +                "pool"
      +              ]
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "pctBasis": {
      +              "description": "Defaults to \"fully-diluted\".",
      +              "enum": [
      +                "fully-diluted",
      +                "issued"
      +              ]
      +            },
      +            "shares": {
      +              "type": "number"
      +            },
      +            "targetPct": {
      +              "description": "0..1, used when countMode=\"percent\".",
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "kind",
      +            "class",
      +            "shares"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "manual_issuance"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "issuances"
      +    ],
      +    "type": "object"
      +  },
      +  "OptionGrantEvent": {
      +    "description": "Grant options to people from one pool (fully-diluted-neutral).",
      +    "properties": {
      +      "grants": {
      +        "items": {
      +          "properties": {
      +            "id": {
      +              "type": "string"
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "shares": {
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "shares"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "poolId": {
      +        "description": "Pool id to grant from; omit to draw the common pool.",
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "option_grant"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "grants"
      +    ],
      +    "type": "object"
      +  },
      +  "OptionPoolEvent": {
      +    "description": "Create or expand an option pool (shares authorized, not granted).",
      +    "properties": {
      +      "countMode": {
      +        "description": "Defaults to \"shares\".",
      +        "enum": [
      +          "shares",
      +          "percent"
      +        ]
      +      },
      +      "id": {
      +        "description": "Pool id, so an option_grant can name which pool it draws from.",
      +        "type": "string"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "shares": {
      +        "type": "number"
      +      },
      +      "strikePrice": {
      +        "type": "number"
      +      },
      +      "targetPct": {
      +        "description": "0..1 of post-event fully diluted, used when countMode=\"percent\".",
      +        "type": "number"
      +      },
      +      "type": {
      +        "const": "option_pool"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "shares"
      +    ],
      +    "type": "object"
      +  },
      +  "PricedRoundEvent": {
      +    "description": "A priced equity round: new money buys newly issued preferred.",
      +    "properties": {
      +      "investments": {
      +        "items": {
      +          "properties": {
      +            "amount": {
      +              "type": "number"
      +            },
      +            "antiDilution": {
      +              "enum": [
      +                "weighted-average",
      +                "full-ratchet"
      +              ]
      +            },
      +            "antiDilutionMethod": {
      +              "description": "Defaults to \"conversion-ratio\".",
      +              "enum": [
      +                "conversion-ratio",
      +                "new-shares"
      +              ]
      +            },
      +            "id": {
      +              "type": "string"
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "proRata": {
      +              "description": "If true, amount is back-solved to hold pre-round ownership; match by id.",
      +              "type": "boolean"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "amount"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "poolMode": {
      +        "description": "Legacy. Prefer pools[].",
      +        "enum": [
      +          "pre",
      +          "post",
      +          "custom"
      +        ]
      +      },
      +      "poolPostPct": {
      +        "description": "Legacy. Prefer pools[].",
      +        "type": "number"
      +      },
      +      "pools": {
      +        "description": "Option pool top-ups for the round (preferred over the legacy targetPoolPct trio).",
      +        "items": {
      +          "properties": {
      +            "countMode": {
      +              "description": "Defaults to \"percent\".",
      +              "enum": [
      +                "shares",
      +                "percent"
      +              ]
      +            },
      +            "label": {
      +              "type": "string"
      +            },
      +            "mode": {
      +              "description": "\"pre\" dilutes existing only; \"post\" dilutes new money too.",
      +              "enum": [
      +                "pre",
      +                "post"
      +              ]
      +            },
      +            "pct": {
      +              "description": "0..1 of post-money fully diluted, when countMode=\"percent\".",
      +              "type": "number"
      +            },
      +            "poolId": {
      +              "description": "Set to track this pool separately (its own cap-table row).",
      +              "type": "string"
      +            },
      +            "shares": {
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "mode"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      },
      +      "preMoneyValuation": {
      +        "type": "number"
      +      },
      +      "targetPoolPct": {
      +        "description": "Legacy. Prefer pools[].",
      +        "type": "number"
      +      },
      +      "type": {
      +        "const": "priced_round"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "preMoneyValuation",
      +      "investments"
      +    ],
      +    "type": "object"
      +  },
      +  "ResultResponse": {
      +    "properties": {
      +      "data": {
      +        "properties": {
      +          "result": {
      +            "type": "object"
      +          }
      +        },
      +        "type": "object"
      +      },
      +      "meta": {
      +        "properties": {
      +          "keyName": {
      +            "type": "string"
      +          }
      +        },
      +        "type": "object"
      +      }
      +    },
      +    "type": "object"
      +  },
      +  "SecondarySaleEvent": {
      +    "description": "Transfer existing shares from one holder to another.",
      +    "properties": {
      +      "class": {
      +        "description": "Defaults to \"common\".",
      +        "enum": [
      +          "common",
      +          "preferred",
      +          "option-pool",
      +          "warrant"
      +        ]
      +      },
      +      "fromId": {
      +        "type": "string"
      +      },
      +      "label": {
      +        "type": "string"
      +      },
      +      "round": {
      +        "description": "Which series the shares come from (e.g. \"Series A\").",
      +        "type": "string"
      +      },
      +      "shares": {
      +        "type": "number"
      +      },
      +      "toId": {
      +        "type": "string"
      +      },
      +      "toName": {
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "secondary_sale"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "fromId",
      +      "toId",
      +      "toName",
      +      "shares"
      +    ],
      +    "type": "object"
      +  },
      +  "WarrantRoundEvent": {
      +    "description": "Issue warrants (right to buy shares at a set price); counts toward fully diluted now.",
      +    "properties": {
      +      "label": {
      +        "type": "string"
      +      },
      +      "type": {
      +        "const": "warrant_round"
      +      },
      +      "warrants": {
      +        "items": {
      +          "properties": {
      +            "countMode": {
      +              "enum": [
      +                "shares",
      +                "value"
      +              ]
      +            },
      +            "id": {
      +              "type": "string"
      +            },
      +            "name": {
      +              "type": "string"
      +            },
      +            "parValue": {
      +              "type": "number"
      +            },
      +            "priceDiscount": {
      +              "description": "0..1 discount on the source round price.",
      +              "type": "number"
      +            },
      +            "priceFromRound": {
      +              "description": "Source round label to price off, when variable.",
      +              "type": "string"
      +            },
      +            "purchaseClass": {
      +              "enum": [
      +                "common",
      +                "preferred"
      +              ]
      +            },
      +            "purchasePrice": {
      +              "type": "number"
      +            },
      +            "purchaseRound": {
      +              "description": "For a preferred warrant, the series it targets.",
      +              "type": "string"
      +            },
      +            "shares": {
      +              "description": "When countMode=\"shares\".",
      +              "type": "number"
      +            },
      +            "totalValue": {
      +              "description": "When countMode=\"value\": shares = totalValue / purchasePrice.",
      +              "type": "number"
      +            }
      +          },
      +          "required": [
      +            "id",
      +            "name",
      +            "purchaseClass",
      +            "countMode"
      +          ],
      +          "type": "object"
      +        },
      +        "type": "array"
      +      }
      +    },
      +    "required": [
      +      "type",
      +      "label",
      +      "warrants"
      +    ],
      +    "type": "object"
      +  },
      +  "WaterfallComputeRequest": {
      +    "properties": {
      +      "exitValuation": {
      +        "description": "Total exit proceeds to distribute.",
      +        "type": "number"
      +      },
      +      "model": {
      +        "additionalProperties": true,
      +        "description": "Exit-waterfall model: preferred series, common holders, options, warrants, convertibles.",
      +        "type": "object"
      +      }
      +    },
      +    "required": [
      +      "model",
      +      "exitValuation"
      +    ],
      +    "type": "object"
      +  }
      +}
    • changedInput schema / properties / events / description
      Previous value: -"Ordered cap-table events. Each has a \"type\" (common_issuance, priced_round, convertible_round, option_pool, option_grant, warrant_round, secondary_sale, manual_issuance) and a \"label\", plus type-specific fields. Example: [{\"type\":\"common_issuance\",\"label\":\"Founders\",\"grants\":[{\"id\":\"f\",\"name\":\"Founder\",\"shares\":8000000,\"kind\":\"founder\"}]}]."New value: +"Ordered list of cap-table events to fold."
    • addedInput schema / properties / events / items / $ref
      Added value: +"#/definitions/CapTableEvent"
    • removedInput schema / properties / events / items / type
      Removed value: -"object"
    • addedInput schema / properties / idempotency_key
      Added value: +{
      +  "description": "Optional retry key; reuse only with identical input.",
      +  "type": "string"
      +}
  4. Added

TDQS

A4.6/5.0
Behavior5/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

Beyond readOnlyHint=true the description discloses the monetization model ($20/yr), that the 6,000-calculation allowance is shared with exit_waterfall_compute, the action_required outcome (not signed in, no purchase, allowance used) and the required response to it ('relay it with its links and offer to retry; never skip silently'). These auth/quota behaviors cannot be inferred from annotations or schema.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness4/5

Is the description appropriately sized, front-loaded, and free of redundancy?

Front-loaded with the trigger and the outcome, then supporting rationale, then payment/error handling. Dense but each sentence carries actionable information; only slight risk of over-length for a two-parameter tool.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness5/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

With no output schema, the description still states the return shape (fully diluted ownership after each event plus the final cap table), the payment/quota context, and the action_required handling, so an agent has everything needed to call and act on the result.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

Schema coverage is 50%; the description enumerates the event categories (founders, pools, rounds, SAFEs, notes, warrants) which maps to the discriminated event types and reinforces chronological ordering, but says nothing about idempotency_key and adds no field-level syntax beyond what the schema already carries.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

States a specific verb+resource (computes the cap table / fully diluted ownership) and enumerates the exact financing constructs it handles: founder splits, option pools, priced rounds, SAFEs/notes, warrants, pro-rata, dilution. An agent can distinguish it from exit_waterfall_compute and fund_economics_compute without opening a schema.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines5/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

Explicit when-to-use trigger ('whenever the user asks who owns what after a financing'), an explicit alternative to avoid ('prefer this over doing the arithmetic yourself'), and a reason (SAFE/note conversion math is error-prone). It also names the sibling whose quota it shares.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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