Larry Cheng (@larryvc) 's Twitter Profile
Larry Cheng

@larryvc

Co-Founder, Volition Capital. Investor. Christian. Journaling general business thoughts as they come. Boards: $GME, $GROV, and many private companies.

ID: 26281090

linkhttps://www.volitioncapital.com calendar_today24-03-2009 17:36:15

4,4K Tweet

66,66K Takipçi

946 Takip Edilen

Larry Cheng (@larryvc) 's Twitter Profile Photo
Larry Cheng
@larryvc

5 days ago

For founding teams to go from 100% to 22% ownership at IPO, that means they raise ~7 rounds of financing with ~20% dilution in each round. Here’s how it breaks down: # of rounds (20% dilution): founding team ownership 0: 100% 1: 80% 2: 64% 3: 51% 4: 41% 5: 33% 6: 26% 7: 21%

For founding teams to go from 100% to 22% ownership at IPO, that means they raise ~7 rounds of financing with ~20% dilution in each round. Here’s how it breaks down: # of rounds (20% dilution): founding team ownership 0: 100% 1: 80% 2: 64% 3: 51% 4: 41% 5: 33% 6: 26% 7: 21%