exit-waterfall
Compute who gets what at each exit price from a cap table — liquidation preferences, conversion points, and where the founders' share collapses. Use when asked to model an exit waterfall, what do I get if we sell for X, explain liquidation preferences on my cap table, or compare payouts across exit prices. Produces a per-stakeholder payout table across exit values with conversion decisions shown, plus the plain-English reading of what the structure means for each party.
npx skills add mohitagw15856/pm-claude-skills --skill exit-waterfall --agent claude-code
Same command for any agent — swap --agent for codex, cursor, copilot.
Weekly change comes from our own snapshots, not the repository page — it measures attention, not adoption.
# Exit Waterfall Skill A cap table is a promise about percentages; an exit waterfall is what actually happens to the money. The difference — liquidation preferences, participation, option strikes — routinely stuns founders at the worst possible moment. This skill computes the waterfall across exit prices and, more importantly, translates it: the price below which your shares are worth nothing, and the price where everyone finally converts. ## What This Skill Produces - **The payout table** — every stakeholder's dollars at each exit price, with conversion decisions shown - **The cliff points** — where preferences stop dominating, where options come into the money - **The plain-English reading** — "you need a $X exit for your common to mean anything" stated as a sentence ## Required Inputs Ask for these if not provided: - **Share classes** — for each: name, share count, type (common / preferred / options); for preferred: amount invested, preference multiple, participating or not; for options: strike - **Exit prices to test** — or default to a spread around the last round's valuation (label it as a default) ## Programmatic Helper The math ships as a deterministic script — run it rathe
- What This Skill Produces
- Required Inputs
- Programmatic Helper
- Formula (readable form)
- Output Format
- Payout Table
- What This Means
- Assumptions & Limitations
- Quality Checks
- Anti-Patterns
python3 scripts/exit_waterfall.py cap.json python3 scripts/exit_waterfall.py cap.json --exit 50000000 --json
What does the exit-waterfall skill do?
Compute who gets what at each exit price from a cap table — liquidation preferences, conversion points, and where the founders' share collapses. Use when asked to model an exit waterfall, what do I get if we sell for X, explain liquidation preferences on my cap table, or compare payouts across exit prices. Produces a per-stakeholder payout table across exit values with conversion decisions shown, plus the plain-English reading of what the structure means for each party.
How do I install it?
Run `npx skills add mohitagw15856/pm-claude-skills --skill exit-waterfall --agent claude-code` — it drops the skill into your project so the agent can pick it up. Swap the --agent value for codex, cursor or copilot if you use one of those.
Where does this skill come from?
From mohitagw15856/pm-claude-skills, a repository with 1,255 stars. We read it straight from the repository tree rather than a submitted listing, so what you see here is what is actually published.
Is a popular skill a good skill?
Not necessarily. Stars measure attention, not adoption — a repository can trend for a week and be abandoned. That is why we show the weekly change from our own snapshots next to the total, instead of a single flattering number.