How much dilution is "normal"?

When are you getting overly diluted?

Walter, diluting the cap table

Dilution is one of the most misunderstood concepts in startup land. But many employees are afraid to ask for a simple explanation.

Here’s how it works:

What’s Dilution?

Dilution occurs whenever new (more) shares are issued (created). Let's go through some common scenarios:

1/ When the Firm Completes a Fund Raise: This is the m…