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A comment on Ask HN: Is it usual for first investors share to dilute down upon next rounds.
AFAIK every single share holder dilutes down. Otherwise founders will be left with close to nothing after a couple of rounds.
One exception that comes to mind is regarding unicorns like Snap which founders still have 40+ % share.
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AFAIK every single share holder dilutes down. Otherwise founders will be left with close to nothing after a couple of rounds.
One exception that comes to mind is regarding unicorns like Snap which founders still have 40+ % share.