{"id":3941,"date":"2026-06-04T04:22:31","date_gmt":"2026-06-04T04:22:31","guid":{"rendered":"https:\/\/elfinancierodigital.com\/inicio\/?page_id=3941"},"modified":"2026-06-04T04:26:54","modified_gmt":"2026-06-04T04:26:54","slug":"calculadora_dilucion_equity","status":"publish","type":"page","link":"http:\/\/elfinancierodigital.com\/inicio\/calculadora_dilucion_equity\/","title":{"rendered":"Calculadora diluci\u00f3n Equity"},"content":{"rendered":" \r\n    <!-- ===================== INTRO SEO ===================== -->\r\n    <div id=\"cde-intro\" style=\"max-width:620px;margin:0 auto 28px;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',sans-serif;color:#111;\">\r\n      <h2 style=\"font-size:22px;font-weight:700;margin:0 0 10px;line-height:1.3;\">\r\n        Calculadora de diluci\u00f3n de equity: \u00bfcu\u00e1nto te queda despu\u00e9s de cada ronda?\r\n      <\/h2>\r\n      <p style=\"font-size:15px;line-height:1.7;color:#444;margin:0 0 10px;\">\r\n        Cada vez que una startup levanta capital, los fundadores ceden una parte de su participaci\u00f3n accionaria. Ese proceso se llama <strong>diluci\u00f3n de equity<\/strong> y es uno de los conceptos m\u00e1s importantes \u2014y m\u00e1s subestimados\u2014 del ecosistema emprendedor. Entenderlo antes de firmar un term sheet puede significar la diferencia entre conservar el control de tu empresa o perderlo en rondas sucesivas.\r\n      <\/p>\r\n      <p style=\"font-size:15px;line-height:1.7;color:#444;margin:0 0 10px;\">\r\n        Esta calculadora te permite simular hasta cuatro rondas de inversi\u00f3n consecutivas (pre-semilla, semilla, Serie A y Serie B) y ver en tiempo real c\u00f3mo evoluciona tu porcentaje de participaci\u00f3n en la compa\u00f1\u00eda. Ingres\u00e1 el equity inicial de cada fundador, el porcentaje que ced\u00e9s en cada ronda y la herramienta calcular\u00e1 cu\u00e1nto te queda al final del proceso, cu\u00e1nto vale tu participaci\u00f3n seg\u00fan la valuaci\u00f3n de cada ronda y cu\u00e1nto se diluy\u00f3 respecto al punto de partida.\r\n      <\/p>\r\n      <p style=\"font-size:15px;line-height:1.7;color:#444;margin:0 0 4px;\">\r\n        La diluci\u00f3n no es ni buena ni mala en s\u00ed misma: lo que importa es si el capital que ingresa hace crecer el valor de la empresa m\u00e1s r\u00e1pido que lo que perd\u00e9s en porcentaje. Un fundador que parte del 80% y queda con el 25% tras tres rondas puede estar mucho mejor que uno que nunca levant\u00f3 capital y conserv\u00f3 el 100% de una empresa que no creci\u00f3. Us\u00e1 esta herramienta para modelar distintos escenarios antes de negociar.\r\n      <\/p>\r\n    <\/div>\r\n    <!-- ===================================================== -->\r\n \r\n    <style>\r\n    #cde-root{max-width:620px;margin:0 auto;padding:0;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',sans-serif;color:#111;}\r\n    #cde-root *{box-sizing:border-box;}\r\n \r\n    .cde-sec{background:#fff;border:1px solid #e5e5e5;border-radius:12px;padding:1.25rem;margin-bottom:12px;}\r\n    .cde-sec-title{font-size:11px;font-weight:700;color:#888;text-transform:uppercase;letter-spacing:1.2px;margin:0 0 14px;}\r\n \r\n    .cde-row{display:grid;grid-template-columns:1fr 1fr;gap:12px;}\r\n    .cde-row-3{display:grid;grid-template-columns:1fr 1fr 1fr;gap:10px;}\r\n    @media(max-width:500px){.cde-row,.cde-row-3{grid-template-columns:1fr;}}\r\n \r\n    .cde-field label{display:block;font-size:13px;color:#555;margin-bottom:6px;}\r\n    .cde-field input,.cde-field 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   .cde-card-val.green{color:#16a34a;}\r\n    .cde-card-val.orange{color:#c2410c;}\r\n    .cde-card-val.red{color:#dc2626;}\r\n \r\n    \/* Tabla de rondas *\/\r\n    .cde-tabla{width:100%;border-collapse:collapse;font-size:13px;margin-bottom:14px;}\r\n    .cde-tabla th{text-align:left;padding:8px 10px;background:#f1f5f9;font-weight:600;color:#555;border-bottom:2px solid #e2e8f0;font-size:11px;text-transform:uppercase;letter-spacing:.5px;}\r\n    .cde-tabla td{padding:9px 10px;border-bottom:1px solid #f1f5f9;color:#111;}\r\n    .cde-tabla tr:last-child td{border-bottom:none;font-weight:700;background:#f8fafc;}\r\n    .cde-tabla .pct-bajo{color:#dc2626;}\r\n    .cde-tabla .pct-med{color:#c2410c;}\r\n    .cde-tabla .pct-ok{color:#16a34a;}\r\n \r\n    \/* Barra de diluci\u00f3n *\/\r\n    .cde-barra-wrap{margin:16px 0;}\r\n    .cde-barra-label{font-size:12px;color:#666;margin-bottom:6px;}\r\n    .cde-barra-bg{background:#f1f5f9;border-radius:999px;height:22px;overflow:hidden;position:relative;}\r\n    .cde-barra-fill{height:100%;border-radius:999px;transition:width .5s ease;display:flex;align-items:center;justify-content:flex-end;padding-right:8px;}\r\n    .cde-barra-fill span{font-size:11px;font-weight:700;color:#fff;}\r\n \r\n    .cde-nota{background:#f8fafc;border-radius:10px;padding:14px;font-size:13px;color:#555;line-height:1.6;margin-top:4px;}\r\n    .cde-fuente{font-size:11px;color:#aaa;text-align:right;margin-top:16px;}\r\n    <\/style>\r\n \r\n    <div id=\"cde-root\">\r\n \r\n      <!-- FUNDADORES -->\r\n      <div class=\"cde-sec\">\r\n        <p class=\"cde-sec-title\">Fundadores \u2014 equity inicial<\/p>\r\n        <div class=\"cde-row\">\r\n          <div class=\"cde-field\">\r\n            <label>Cantidad de fundadores<\/label>\r\n            <select id=\"cde-nf\" onchange=\"cdeRenderFundadores()\">\r\n              <option value=\"1\">1 fundador<\/option>\r\n              <option value=\"2\" selected>2 fundadores<\/option>\r\n              <option value=\"3\">3 fundadores<\/option>\r\n              <option value=\"4\">4 fundadores<\/option>\r\n            <\/select>\r\n          <\/div>\r\n          <div class=\"cde-field\">\r\n            <label>Reserva para option pool (%)<\/label>\r\n            <input type=\"number\" id=\"cde-pool\" value=\"10\" min=\"0\" max=\"30\" placeholder=\"Ej: 10\">\r\n            <div class=\"cde-hint\">Equity reservado para empleados clave. Habitual: 10\u201315%<\/div>\r\n          <\/div>\r\n        <\/div>\r\n        <div id=\"cde-fundadores-wrap\" style=\"margin-top:12px;\"><\/div>\r\n        <div class=\"cde-hint\" id=\"cde-total-hint\" style=\"margin-top:8px;color:#aaa;font-size:12px;\"><\/div>\r\n      <\/div>\r\n \r\n      <!-- RONDAS -->\r\n      <div class=\"cde-sec\">\r\n        <p class=\"cde-sec-title\">Rondas de inversi\u00f3n<\/p>\r\n \r\n        <!-- Ronda 1 \u2014 siempre visible -->\r\n        <div id=\"cde-r1-bloque\">\r\n          <p style=\"font-size:12px;font-weight:600;color:#0f2b52;margin:0 0 10px;\">Ronda 1 \u2014 Pre-semilla \/ Semilla<\/p>\r\n          <div class=\"cde-row-3\">\r\n            <div class=\"cde-field\">\r\n              <label>Inversi\u00f3n (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r1-monto\" placeholder=\"Ej: 200000\" min=\"0\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Equity que ced\u00e9s (%)<\/label>\r\n              <input type=\"number\" id=\"cde-r1-pct\" placeholder=\"Ej: 15\" min=\"0\" max=\"99\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Valuaci\u00f3n post-money (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r1-val\" placeholder=\"Ej: 1500000\" min=\"0\">\r\n              <div class=\"cde-hint\">Opcional \u2014 para calcular el valor de tu parte<\/div>\r\n            <\/div>\r\n          <\/div>\r\n        <\/div>\r\n \r\n        <!-- Ronda 2 -->\r\n        <div style=\"border-top:1px solid #f1f5f9;margin:14px 0 10px;\"><\/div>\r\n        <label class=\"cde-ronda-toggle\"><input type=\"checkbox\" id=\"cde-r2-on\" onchange=\"cdeMostrarRonda(2)\"> Agregar Ronda 2 \u2014 Serie A<\/label>\r\n        <div id=\"cde-r2-bloque\" style=\"display:none;\">\r\n          <div class=\"cde-row-3\">\r\n            <div class=\"cde-field\">\r\n              <label>Inversi\u00f3n (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r2-monto\" placeholder=\"Ej: 1000000\" min=\"0\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Equity que ced\u00e9s (%)<\/label>\r\n              <input type=\"number\" id=\"cde-r2-pct\" placeholder=\"Ej: 20\" min=\"0\" max=\"99\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Valuaci\u00f3n post-money (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r2-val\" placeholder=\"Ej: 5000000\" min=\"0\">\r\n            <\/div>\r\n          <\/div>\r\n        <\/div>\r\n \r\n        <!-- Ronda 3 -->\r\n        <div style=\"border-top:1px solid #f1f5f9;margin:14px 0 10px;\"><\/div>\r\n        <label class=\"cde-ronda-toggle\"><input type=\"checkbox\" id=\"cde-r3-on\" onchange=\"cdeMostrarRonda(3)\"> Agregar Ronda 3 \u2014 Serie B<\/label>\r\n        <div id=\"cde-r3-bloque\" style=\"display:none;\">\r\n          <div class=\"cde-row-3\">\r\n            <div class=\"cde-field\">\r\n              <label>Inversi\u00f3n (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r3-monto\" placeholder=\"Ej: 5000000\" min=\"0\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Equity que ced\u00e9s (%)<\/label>\r\n              <input type=\"number\" id=\"cde-r3-pct\" placeholder=\"Ej: 25\" min=\"0\" max=\"99\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Valuaci\u00f3n post-money (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r3-val\" placeholder=\"Ej: 20000000\" min=\"0\">\r\n            <\/div>\r\n          <\/div>\r\n        <\/div>\r\n \r\n        <!-- Ronda 4 -->\r\n        <div style=\"border-top:1px solid #f1f5f9;margin:14px 0 10px;\"><\/div>\r\n        <label class=\"cde-ronda-toggle\"><input type=\"checkbox\" id=\"cde-r4-on\" onchange=\"cdeMostrarRonda(4)\"> Agregar Ronda 4 \u2014 Serie C o posterior<\/label>\r\n        <div id=\"cde-r4-bloque\" style=\"display:none;\">\r\n          <div class=\"cde-row-3\">\r\n            <div class=\"cde-field\">\r\n              <label>Inversi\u00f3n (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r4-monto\" placeholder=\"Ej: 20000000\" min=\"0\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Equity que ced\u00e9s (%)<\/label>\r\n              <input type=\"number\" id=\"cde-r4-pct\" placeholder=\"Ej: 20\" min=\"0\" max=\"99\">\r\n            <\/div>\r\n            <div class=\"cde-field\">\r\n              <label>Valuaci\u00f3n post-money (USD)<\/label>\r\n              <input type=\"number\" id=\"cde-r4-val\" placeholder=\"Ej: 100000000\" min=\"0\">\r\n            <\/div>\r\n          <\/div>\r\n        <\/div>\r\n      <\/div>\r\n \r\n      <button class=\"cde-btn\" onclick=\"cdeCalc()\">\u2192 Calcular diluci\u00f3n de equity<\/button>\r\n      <div class=\"cde-err\" id=\"cde-err\"><\/div>\r\n \r\n      <!-- RESULTADO -->\r\n      <div id=\"cde-res\" style=\"display:none;\">\r\n \r\n        <div class=\"cde-resumen\" id=\"cde-resumen-box\">\r\n          <div style=\"display:flex;align-items:flex-start;gap:14px;\">\r\n            <div style=\"font-size:40px;flex-shrink:0;\" id=\"cde-icon\"><\/div>\r\n            <div>\r\n              <div class=\"cde-res-title\" id=\"cde-res-title\"><\/div>\r\n              <div class=\"cde-res-sub\" id=\"cde-res-sub\"><\/div>\r\n            <\/div>\r\n          <\/div>\r\n        <\/div>\r\n \r\n        <div class=\"cde-cards\" id=\"cde-cards\"><\/div>\r\n \r\n        <!-- Barra visual -->\r\n        <div class=\"cde-barra-wrap\" id=\"cde-barras\"><\/div>\r\n \r\n        <!-- Tabla detalle -->\r\n        <div class=\"cde-sec\" style=\"padding:1rem;\">\r\n          <p class=\"cde-sec-title\">Detalle por ronda<\/p>\r\n          <table class=\"cde-tabla\" id=\"cde-tabla\"><\/table>\r\n        <\/div>\r\n \r\n        <!-- Conclusi\u00f3n -->\r\n        <div class=\"cde-nota\" id=\"cde-nota\"><\/div>\r\n \r\n        <div class=\"cde-fuente\">Calculadora educativa \u00b7 elfinancierodigital.com<\/div>\r\n      <\/div>\r\n \r\n    <\/div>\r\n \r\n    <script>\r\n    (function(){\r\n \r\n      \/\/ \u2500\u2500 Render campos de fundadores \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\r\n      window.cdeRenderFundadores = function(){\r\n        var n = parseInt(document.getElementById('cde-nf').value);\r\n        var wrap = document.getElementById('cde-fundadores-wrap');\r\n        var html = '<div class=\"cde-row\">';\r\n        for(var i=1;i<=n;i++){\r\n          var def = n===1?80:(n===2?(i===1?60:40):(n===3?(i===1?50:i===2?30:20):25));\r\n          html += '<div class=\"cde-field\">'\r\n                + '<label>Fundador '+i+' (%)<\/label>'\r\n                + '<input type=\"number\" id=\"cde-f'+i+'\" value=\"'+def+'\" min=\"0\" max=\"100\" onchange=\"cdeCheckTotal()\">'\r\n                + '<\/div>';\r\n        }\r\n        html += '<\/div>';\r\n        wrap.innerHTML = html;\r\n        cdeCheckTotal();\r\n      };\r\n \r\n      window.cdeCheckTotal = function(){\r\n        var n = parseInt(document.getElementById('cde-nf').value);\r\n        var pool = parseFloat(document.getElementById('cde-pool').value)||0;\r\n        var sum = pool;\r\n        for(var i=1;i<=n;i++){\r\n          sum += parseFloat(document.getElementById('cde-f'+i).value)||0;\r\n        }\r\n        var hint = document.getElementById('cde-total-hint');\r\n        if(Math.abs(sum-100)>0.5){\r\n          hint.textContent = '\u26a0\ufe0f Los porcentajes suman '+sum.toFixed(1)+'%. Deben sumar exactamente 100%.';\r\n          hint.style.color = '#dc2626';\r\n        } else {\r\n          hint.textContent = '\u2713 Los porcentajes suman 100%. Perfecto.';\r\n          hint.style.color = '#16a34a';\r\n        }\r\n      };\r\n \r\n      window.cdeMostrarRonda = function(r){\r\n        var on = document.getElementById('cde-r'+r+'-on').checked;\r\n        document.getElementById('cde-r'+r+'-bloque').style.display = on ? 'block' : 'none';\r\n        \/\/ Si desactiv\u00e1s una ronda intermedia, desactivar las siguientes\r\n        if(!on){\r\n          for(var j=r+1;j<=4;j++){\r\n            var cb = document.getElementById('cde-r'+j+'-on');\r\n            if(cb){ cb.checked=false; document.getElementById('cde-r'+j+'-bloque').style.display='none'; }\r\n          }\r\n        }\r\n      };\r\n \r\n      function fmtUSD(n){\r\n        if(n >= 1e9) return 'USD '+( n\/1e9 ).toFixed(2)+'B';\r\n        if(n >= 1e6) return 'USD '+( n\/1e6 ).toFixed(2)+'M';\r\n        if(n >= 1e3) return 'USD '+( n\/1e3 ).toFixed(0)+'K';\r\n        return 'USD '+Math.round(n).toLocaleString('es-AR');\r\n      }\r\n      function fmtPct(n){ return n.toFixed(2)+'%'; }\r\n      function pctClass(p){ return p<15?'pct-bajo':p<35?'pct-med':'pct-ok'; }\r\n      function barColor(p){ return p<15?'#dc2626':p<35?'#f97316':'#16a34a'; }\r\n \r\n      \/\/ \u2500\u2500 C\u00c1LCULO PRINCIPAL \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\r\n      window.cdeCalc = function(){\r\n        var err = document.getElementById('cde-err');\r\n        err.style.display='none';\r\n \r\n        var n = parseInt(document.getElementById('cde-nf').value);\r\n        var pool = parseFloat(document.getElementById('cde-pool').value)||0;\r\n \r\n        \/\/ Leer equity inicial por fundador\r\n        var founders = [];\r\n        var sumF = pool;\r\n        for(var i=1;i<=n;i++){\r\n          var v = parseFloat(document.getElementById('cde-f'+i).value)||0;\r\n          founders.push(v);\r\n          sumF += v;\r\n        }\r\n        if(Math.abs(sumF-100)>1){\r\n          err.textContent='Los porcentajes de fundadores + option pool deben sumar 100%. Revis\u00e1 los valores.';\r\n          err.style.display='block'; return;\r\n        }\r\n \r\n        \/\/ Leer rondas activas\r\n        var rondas = [];\r\n        var labels = ['Ronda 1','Ronda 2','Ronda 3','Ronda 4'];\r\n        var nombres = ['Pre-semilla \/ Semilla','Serie A','Serie B','Serie C+'];\r\n \r\n        \/\/ Ronda 1 siempre activa\r\n        var r1pct = parseFloat(document.getElementById('cde-r1-pct').value);\r\n        if(!r1pct || r1pct<=0){\r\n          err.textContent='Ingres\u00e1 el porcentaje de equity que ced\u00e9s en la Ronda 1.';\r\n          err.style.display='block'; return;\r\n        }\r\n        rondas.push({\r\n          label: labels[0],\r\n          nombre: nombres[0],\r\n          pct: r1pct,\r\n          monto: parseFloat(document.getElementById('cde-r1-monto').value)||0,\r\n          val: parseFloat(document.getElementById('cde-r1-val').value)||0\r\n        });\r\n \r\n        for(var r=2;r<=4;r++){\r\n          var cb = document.getElementById('cde-r'+r+'-on');\r\n          if(cb && cb.checked){\r\n            var pct = parseFloat(document.getElementById('cde-r'+r+'-pct').value)||0;\r\n            if(pct<=0){\r\n              err.textContent='Complet\u00e1 el % de equity para la Ronda '+r+' o desactivala.';\r\n              err.style.display='block'; return;\r\n            }\r\n            rondas.push({\r\n              label: labels[r-1],\r\n              nombre: nombres[r-1],\r\n              pct: pct,\r\n              monto: parseFloat(document.getElementById('cde-r'+r+'-monto').value)||0,\r\n              val: parseFloat(document.getElementById('cde-r'+r+'-val').value)||0\r\n            });\r\n          }\r\n        }\r\n \r\n        \/\/ \u2500\u2500 Simulaci\u00f3n de diluci\u00f3n \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\r\n        \/\/ Despu\u00e9s de cada ronda, todos los accionistas existentes se diluyen\r\n        \/\/ proporcionalmente al % cedido.\r\n        \/\/ equity_nuevo = equity_viejo * (1 - pct_cedido\/100)\r\n \r\n        var historial = [];\r\n        var equityFund = founders.slice(); \/\/ equity de cada fundador\r\n        var equityPool = pool;\r\n        var equityInv = []; \/\/ equity acumulado de inversores por ronda\r\n \r\n        for(var ri=0;ri<rondas.length;ri++){\r\n          var dilFactor = 1 - rondas[ri].pct\/100;\r\n          \/\/ Diluir fundadores y pool\r\n          for(var fi=0;fi<equityFund.length;fi++) equityFund[fi] *= dilFactor;\r\n          equityPool *= dilFactor;\r\n          \/\/ Diluir inversores anteriores\r\n          for(var ei=0;ei<equityInv.length;ei++) equityInv[ei] *= dilFactor;\r\n          \/\/ Agregar inversor nuevo\r\n          equityInv.push(rondas[ri].pct);\r\n \r\n          var totalFund = equityFund.reduce(function(a,b){return a+b;},0);\r\n          var totalInv = equityInv.reduce(function(a,b){return a+b;},0);\r\n \r\n          historial.push({\r\n            label: rondas[ri].label,\r\n            nombre: rondas[ri].nombre,\r\n            pctCedido: rondas[ri].pct,\r\n            totalFund: totalFund,\r\n            equityFund: equityFund.slice(),\r\n            equityPool: equityPool,\r\n            totalInv: totalInv,\r\n            monto: rondas[ri].monto,\r\n            val: rondas[ri].val\r\n          });\r\n        }\r\n \r\n        var finalFund = historial[historial.length-1].totalFund;\r\n        var initialFund = founders.reduce(function(a,b){return a+b;},0);\r\n        var dilucionTotal = ((initialFund - finalFund)\/initialFund)*100;\r\n        var ultimaVal = historial[historial.length-1].val;\r\n        var valorFinal = ultimaVal>0 ? finalFund\/100*ultimaVal : 0;\r\n \r\n        \/\/ \u2500\u2500 Render resultados \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\r\n        document.getElementById('cde-res').style.display='block';\r\n \r\n        \/\/ Verdict\r\n        var box = document.getElementById('cde-resumen-box');\r\n        var cls = finalFund>=40?'ok':finalFund>=20?'warn':'crit';\r\n        box.className='cde-resumen '+cls;\r\n        document.getElementById('cde-icon').textContent = finalFund>=40?'\ud83c\udfc6':finalFund>=20?'\u26a0\ufe0f':'\ud83d\udd34';\r\n        var title = document.getElementById('cde-res-title');\r\n        title.className='cde-res-title '+cls;\r\n        title.textContent = finalFund>=40?'Control s\u00f3lido post-rondas':finalFund>=20?'Diluci\u00f3n significativa \u2014 a\u00fan manejable':'Diluci\u00f3n elevada \u2014 revis\u00e1 la estructura';\r\n        document.getElementById('cde-res-sub').innerHTML =\r\n          'Los fundadores parten con <strong>'+fmtPct(initialFund)+'<\/strong> y terminan con <strong>'+fmtPct(finalFund)+'<\/strong> tras '+rondas.length+' ronda'+(rondas.length>1?'s':'')+'. '\r\n          +(valorFinal>0?'Al precio de la \u00faltima ronda, esa participaci\u00f3n vale <strong>'+fmtUSD(valorFinal)+'<\/strong>.':'');\r\n \r\n        \/\/ Cards\r\n        var cards = [\r\n          {label:'Equity inicial',val:fmtPct(initialFund),cls:''},\r\n          {label:'Equity final',val:fmtPct(finalFund),cls:finalFund>=40?'green':finalFund>=20?'orange':'red'},\r\n          {label:'Diluci\u00f3n total',val:'-'+dilucionTotal.toFixed(1)+'%',cls:dilucionTotal>60?'red':dilucionTotal>40?'orange':'green'},\r\n        ];\r\n        if(valorFinal>0) cards.push({label:'Valor tu parte',val:fmtUSD(valorFinal),cls:'green'});\r\n        var cH='';\r\n        cards.forEach(function(c){\r\n          cH+='<div class=\"cde-card\"><div class=\"cde-card-label\">'+c.label+'<\/div><div class=\"cde-card-val '+c.cls+'\">'+c.val+'<\/div><\/div>';\r\n        });\r\n        document.getElementById('cde-cards').innerHTML=cH;\r\n \r\n        \/\/ Barras\r\n        var barrasHTML='';\r\n        \/\/ Barra inicial\r\n        barrasHTML+='<div class=\"cde-barra-label\">Equity fundadores \u2014 antes de levantar capital<\/div>';\r\n        barrasHTML+='<div class=\"cde-barra-bg\"><div class=\"cde-barra-fill\" style=\"width:'+initialFund+'%;background:'+barColor(initialFund)+'\"><span>'+fmtPct(initialFund)+'<\/span><\/div><\/div>';\r\n        barrasHTML+='<div style=\"margin-top:10px;\"><\/div>';\r\n        historial.forEach(function(h){\r\n          barrasHTML+='<div class=\"cde-barra-label\">'+h.label+' ('+h.nombre+') \u2014 tras ceder '+h.pctCedido+'%<\/div>';\r\n          barrasHTML+='<div class=\"cde-barra-bg\"><div class=\"cde-barra-fill\" style=\"width:'+Math.max(h.totalFund,2)+'%;background:'+barColor(h.totalFund)+'\"><span>'+fmtPct(h.totalFund)+'<\/span><\/div><\/div>';\r\n          barrasHTML+='<div style=\"margin-top:8px;\"><\/div>';\r\n        });\r\n        document.getElementById('cde-barras').innerHTML=barrasHTML;\r\n \r\n        \/\/ Tabla\r\n        var tH='<tr><th>Ronda<\/th><th>Cedido<\/th><th>Equity fundadores<\/th><th>Equity inversores<\/th>';\r\n        if(historial.some(function(h){return h.val>0;})) tH+='<th>Valuaci\u00f3n<\/th>';\r\n        tH+='<\/tr>';\r\n \r\n        \/\/ Fila inicial\r\n        tH+='<tr><td><strong>Inicio<\/strong><\/td><td>\u2014<\/td><td class=\"'+pctClass(initialFund)+'\">'+fmtPct(initialFund)+'<\/td><td>\u2014<\/td>';\r\n        if(historial.some(function(h){return h.val>0;})) tH+='<td>\u2014<\/td>';\r\n        tH+='<\/tr>';\r\n \r\n        historial.forEach(function(h){\r\n          tH+='<tr>'\r\n            +'<td>'+h.label+'<br><span style=\"font-size:11px;color:#888;\">'+h.nombre+'<\/span><\/td>'\r\n            +'<td>-'+fmtPct(h.pctCedido)+'<\/td>'\r\n            +'<td class=\"'+pctClass(h.totalFund)+'\"><strong>'+fmtPct(h.totalFund)+'<\/strong><\/td>'\r\n            +'<td>'+fmtPct(h.totalInv)+'<\/td>';\r\n          if(historial.some(function(x){return x.val>0;})){\r\n            tH+='<td>'+(h.val>0?fmtUSD(h.val):'\u2014')+'<\/td>';\r\n          }\r\n          tH+='<\/tr>';\r\n        });\r\n        document.getElementById('cde-tabla').innerHTML=tH;\r\n \r\n        \/\/ Nota final\r\n        var nota='';\r\n        if(finalFund<20){\r\n          nota='<strong>\u26a0\ufe0f Atenci\u00f3n:<\/strong> Con menos del 20% de equity, los fundadores pueden perder control efectivo de la empresa en decisiones clave. Antes de continuar levantando capital, consider\u00e1 cl\u00e1usulas de protecci\u00f3n como voto m\u00faltiple, drag-along o anti-diluci\u00f3n. Una buena negociaci\u00f3n del term sheet puede evitar estos escenarios.';\r\n        } else if(finalFund<40){\r\n          nota='<strong>\ud83d\udca1 Para tener en cuenta:<\/strong> La participaci\u00f3n de los fundadores cay\u00f3 por debajo del 40%. El control sigue siendo posible seg\u00fan el estatuto, pero conviene revisar los derechos de voto y las cl\u00e1usulas de protecci\u00f3n antes de la pr\u00f3xima ronda.';\r\n        } else {\r\n          nota='<strong>\u2705 Buena posici\u00f3n:<\/strong> Los fundadores retienen m\u00e1s del 40% del equity, lo que generalmente permite mantener el control de la compa\u00f1\u00eda. Aun as\u00ed, model\u00e1 los escenarios de rondas futuras para anticipar cu\u00e1ndo y c\u00f3mo podr\u00eda cambiar esa situaci\u00f3n.';\r\n        }\r\n        nota+=' <br><br><em>Esta calculadora tiene fines educativos. La diluci\u00f3n real depende del tipo de instrumento (SAFE, nota convertible, acciones preferidas), las cl\u00e1usulas de anti-diluci\u00f3n y los derechos pro-rata. Consult\u00e1 siempre con un abogado especializado en venture capital.<\/em>';\r\n        document.getElementById('cde-nota').innerHTML=nota;\r\n \r\n        \/\/ Scroll suave al resultado\r\n        setTimeout(function(){\r\n          document.getElementById('cde-res').scrollIntoView({behavior:'smooth',block:'start'});\r\n        },100);\r\n      };\r\n \r\n      \/\/ Init\r\n      cdeRenderFundadores();\r\n \r\n    })();\r\n    <\/script>\r\n \r\n    \n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"amp_status":"","footnotes":""},"class_list":["post-3941","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calculadora diluci\u00f3n Equity - elfinancierodigital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/elfinancierodigital.com\/inicio\/calculadora_dilucion_equity\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculadora diluci\u00f3n Equity - 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