Cap Table Dilution Math – Why Founders Lose Control Earlier Than They Think
Series Seed + A + B + C + D combined ratchet + ESOP refresh = founder ownership crosses 20 percent by Series C in 73 percent of unicorns.
Category: Cap Tables
Sequoia Arc Cohort Dilution Pattern 2026 – Seed to Series B Math
Sequoia Arc seed cohort 2024 dilution trajectory tighter than 2021 cohort by 8 percentage points at Series A.