Building Wealth
Founder Fiona
Co-Founder & CTO · Austin, TX
$500k in startup equity. Zero liquidity. One big question: when does this become real money?
About Founder Fiona
Fiona co-founded a B2B SaaS company 4 years ago. Her equity is worth $500k on paper at the last valuation — but it is all illiquid. She takes a below-market $80k salary. Her co-founder wants to raise a Series B. She wants to explore a strategic acquisition. The models will show her what each path means for her family.
Financial Snapshot
$80,000 (salary) + equity
Annual Income
$500,000 (mostly illiquid)
Net Worth
38
Age
Founder Fiona's Story — 2 Chapters
The Exit Math
Fiona models three exit scenarios: Series B at $30M valuation, acquisition at $15M, and acquisition at $50M. After QSBS exemption, dilution, and taxes, the after-tax proceeds are very different from the headline numbers.
Uses: windfallThe QSBS Question(Coming soon)
Fiona learns that her shares may qualify for the Section 1202 QSBS exclusion — potentially $10M in federal capital gains tax-free. But the rules are strict and she may have already missed a window.
Uses: roth-vs-traditional