1.7%
Prognozowany średnioroczny wzrost (CAGR) europejskiego rynku aftermarket do 2035 roku.
BCG2024Europe
The maximum valuation at which a convertible instrument converts into equity — even if the company is valued much higher in a funding round.
Why it matters
Protects an early investor from a situation where their risk does not translate into ownership.
What's missing without it
Without a cap, an investor who entered earliest buys shares at the same price as someone who joined a year later with no risk.
When it is used
In SAFE agreements and convertible loans.
How we use it
A $6M cap: in a round valued at $12M, conversion is calculated as if the company were worth $6M.
Fun fact
The lower the cap, the larger the share for the early investor. This is the most common point of contention in SAFE discussions — one number can double someone’s stake.
Numbers worth knowing
Investments in data
116 000 000 000 EUR
Prognozowana wartość europejskiego rynku aftermarket w 2035 roku, w porównaniu z 99 mld EUR w 2025 r. (na poziomie hurtowym, bez robocizny).
BCG2035Europe
75%
Odsetek konsumentów gotowych korzystać z agentów AI jako osobistych asystentów zakupowych.
Accenture06/2025global
Figures from the same field — collected in our market data base.