Easy but wildly incorrect due to the exponential factor.
For example, if you assume a 15% dilution over 11 fundraising rounds, then it's 0.0167% which is +$1.5MM at a $9B valuation.
at 20%: +730k
at 25%: +$380k
I picked 15% because it seemed a good middle ground. Seed rounds are often <15%, Series A/B is around 20-30%, and later rounds target <5-10%. Because Palantir did so many rounds, I would guess only a few were significantly (> 15%) dilutive.
Comments
FYI: it would be crazy if each round diluted you by half. I've never heard of that happening.
Worst case. Also made the math easy.
Easy but wildly incorrect due to the exponential factor.
For example, if you assume a 15% dilution over 11 fundraising rounds, then it's 0.0167% which is +$1.5MM at a $9B valuation.
at 20%: +730k
at 25%: +$380k
I picked 15% because it seemed a good middle ground. Seed rounds are often <15%, Series A/B is around 20-30%, and later rounds target <5-10%. Because Palantir did so many rounds, I would guess only a few were significantly (> 15%) dilutive.