As a new founder, I am finalizing my first round of funding. A key part of that round is a mix between equity and convertible notes. We would LOVE to be able to use the Waterfall modeling feature. As founders, we have lost a significant amount of time playing with excel models to be sure we have the term sheet correctly modeled. As we have not closed the round, the $3,500 price tag is too high for this functionality. It is however KEY that we get this valuation right to ensure will grow with incentivized founders and become long-time Carta customers...I would recommend that you make the waterfall functionality free for new accounts up to 30 days, or up to a minimum level of funding. This would create significant stickiness and be SUPER helpful to founders. It would go a long way to seeing Carta as a partner who cares about our long-term partnership and something we would be willing to pay for when it comes time to raise for our next round and have money in the bank.Also, now I've spent a lot of time to build my excel models... Not sure I will need to pay for the Waterfall feature the next time around.