What do I need to use Exit Waterfall?

Share classes; Exit prices to test.

Is Exit Waterfall free to use?

Yes — run it free in the browser playground (no API key needed for the sponsored trial, or bring any provider key), or install it into Claude Code, Cursor, ChatGPT and more via npx pm-claude-skills. MIT-licensed and open source.

Exit Waterfall

Q: How do I know the Exit Waterfall output is good?

The skill verifies itself against its own quality checks: Conversion decisions are computed, not asserted — the table shows who converts at each price; The zero-for-common threshold is stated explicitly as a price; Every simplification the model makes vs the real documents is named; Payouts at each price sum to the exit value (plus/minus rounding).

🔵 Stable🕐 updated 2026-07-14 🔷 SkillSpec L3 ⚙ ships an executable helper pm-calculators

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.

▶ Run it free — no key needed 📝 Grade your existing draft View SKILL.md ↗

What to give it

▸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)

✅ The bar it holds itself to

Every skill in this library self-verifies — these are this skill's own quality checks, straight from its definition.

✓Conversion decisions are computed, not asserted — the table shows who converts at each price

✓The zero-for-common threshold is stated explicitly as a price

✓Every simplification the model makes vs the real documents is named

✓Payouts at each price sum to the exit value (plus/minus rounding)

✓The disclaimer line appears in the artifact

⚠️ What it refuses to do

Do not present ownership percentages as payout percentages — the gap between them is this skill's entire reason to exist

Do not model participation caps or seniority stacking silently — the script doesn't; say so

Do not average across exit prices — the cliff structure IS the information

Do not run the numbers without the plain-English sentence — founders remember sentences, not tables

Install

npx pm-claude-skills add --agent claude   # or codex · cursor · gemini · hermes
# or one-line MCP (every skill, any client):
claude mcp add pm-skills -- npx -y pm-claude-skills-mcp

Related skills

🔌 Embed this skill

Drop this on your blog, docs, or site — it renders a "Run this skill" card:

<div data-pm-skill="exit-waterfall"></div>
<script src="https://mohitagw15856.github.io/pm-claude-skills/embed.js" async></script>

💬 Discussion

Exit Waterfall is one of 750 open-source professional AI agent skills — all SkillSpec L3. Try them all in the browser · ⭐ Star on GitHub · Browse the full catalog