FundSim

Free Finance Simulator — LBO, DCF, PE Waterfall & VC Cap Tab

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May 2, 2026 I built FundSim — a free LBO, DCF, PE waterfall & VC cap table simulator (no Excel, no signup)

Hey IH! I just launched FundSim — a free, browser-based finance simulator for anyone trying to break into PE, VC, or IB.

The problem: learning LBO modeling, DCF valuation, or PE waterfall distributions used to require buying $500+ Wall Street Prep courses or getting an Excel spreadsheet from a friend. Neither is great.

What I built: FundSim lets you run interactive models right in your browser:

  • LBO simulator (entry multiples, debt tranches, exit assumptions → IRR / MOIC)

  • - DCF calculator (revenue projections, WACC, terminal value)

  • - M&A accretion/dilution model

  • - PE waterfall distribution calculator (preferred return, carried interest)

  • - VC cap table simulator (multiple rounds, dilution, liquidation preferences)

No Excel. No signup. No cost. Ever.

Would love feedback from anyone with a finance background — especially on the models' accuracy and what's missing. What would make this genuinely useful for your recruiting prep or professional work?

Live at: https://fundsimulate.com

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