Typical dilution per round
- SAFE / Seed: 10–20%
- Series A: 15–25%
- Series B: 10–20%
- Series C+: 8–15%
- ESOP top-ups add another 5–10% over the company lifecycle.
Founders who raise 4 rounds at industry averages typically retain 20–35% by exit.
Every fundraise dilutes founders by investor % sold in that round. After several rounds, founder ownership = product of (1 − dilution) for each round × starting share.
| Round | Sold | Founder after |
|---|
Founders who raise 4 rounds at industry averages typically retain 20–35% by exit.