Multi-round dilution

Dilution calculator: founder ownership across every round

Build your founders, pool, SAFEs and priced rounds in order — Foundily runs the full scenario and charts how founder ownership erodes at each stage, so you can see the real cost of a round before you sign it.

Live dilution calculator
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Founders

Financing events, in order

1. SAFE
2. Priced round
Final founder ownership
65.22%
Total raised
$4.5M
Latest post-money
$20M

Founder ownership by round

Series A
65.2%
StakeholderTypeInvestedSharesOwnership
Founder ACommon6,000,00039.13%
Founder BCommon4,000,00026.09%
Option PoolOptions1,533,33310.00%
Seed SAFESAFE$500K733,3334.78%
Series APreferred$4M3,066,66720.00%
Total (fully diluted)15,333,333100%
Show cap table at each stage

Series A

StakeholderTypeSharesOwnership
Founder ACommon6,000,00039.13%
Founder BCommon4,000,00026.09%
Option PoolOptions1,533,33310.00%
Seed SAFESAFE733,3334.78%
Series APreferred3,066,66720.00%
Total (fully diluted)15,333,333100%

How it works

1. Set your starting cap table

Add each founder's fully-diluted share count and the option pool already reserved. This is your company's state before any financing.

2. Add events in the order they happen

Each event is either a SAFE (which sits pending) or a priced round. Priced rounds convert every pending SAFE, apply any pool top-up pre-money, and re-issue a clean common share count for the next event.

3. Read the founder trail

The ownership bars show each founder's combined fully-diluted percentage immediately after each priced round — the number that actually matters for a term sheet, not a naive share-count ratio.

4. Expand any stage

Open "show cap table at each stage" to see the full row-by-row breakdown — common, pool, converted SAFEs and new preferred — at any point in the scenario.

Frequently asked

Why does founder ownership drop even between two rounds with no new round in between?+

It doesn't in this model — ownership only moves at a priced round, where pending SAFEs convert and any new option pool is created. Adding a SAFE by itself just queues it; the dilution shows up at the next priced round.

Does the option-pool top-up dilute the new investor?+

No. A round's pool top-up is created pre-money, so it dilutes existing holders (founders and converting SAFEs) — the new investor's target ownership is unaffected by how big the pool refresh is.

Can I model a scenario with no priced rounds yet, only SAFEs?+

Yes — add SAFEs without a following round and the final cap table will show them as outstanding, unconverted securities alongside your founders and pool.

How is this different from the cap table calculator?+

The cap table calculator models a single point in time (one round). This dilution calculator threads an ordered sequence of rounds and SAFEs so you can see the trend across your company's whole financing history.

Need this in your own tool or agent?

The exact same engine is available as a JSON API — one key, deterministic results, an OpenAPI spec and an MCP server.

Use this from the API →