Tools
Two simulations, two ways in.
Before the numbers, a single question: how do you want to come in? The tax investor contributes to the AIE and recovers through tax, whatever happens to the project. The private investor comes into the specific startup with a convertible note, and their return follows the value of the intellectual property. Each route has its own simulation.
Tax investment simulation
For whoever carries a tax burden in Spain and wants to turn it into a certain tax credit plus a stake. You enter your income and your contribution; you read the credit, the BIN and your natural level.
Private investment simulation
For whoever comes into the startup with a convertible note, from any country. You choose the type and country of the startup, when you come in and exit, your contribution; you read the stake, the value, the multiples and the survival odds.
How much a stretch of the path costs
For those who want to know the order of magnitude before talking. You choose the phase you enter at and the phase you leave at, the project type and the grant funding; you read the R&D cost of the stretch, what remains at your expense and the deliverables.
How much a startup that does not sell yet is worth
For those who have to put a price on an early-stage stake, or understand it. The Berkus method with the maximums of forty zones: five risk fronts, from zero to the maximum, and the stake that corresponds to a contribution.
Not sure which profile is yours? The tax investor needs Spanish tax residence (for those who do not have it, there is relocation); the private investor does not. The two routes are compatible with each other.
John F. Kennedy, 1962