Dilution Calculator
See exactly how much equity each round takes. Model up to 3 funding rounds with option pool top-ups and watch your ownership evolve.
Percentage-based — no share counts required
Block A — Current cap table
Total: 100.0% ✓
Founder ownership summary
Starting equity (founders)
90.0%
Final equity (after 1 round)
77.1%
Total dilution
−12.9%
Latest post-money
$3.5M
Current cap table
Founder ownership over rounds
Dilution waterfall
| Stakeholder | Founding | Pre-Seed |
|---|---|---|
| Founder 1 | 60.0% | 51.4% |
| Founder 2 | 30.0% | 25.7% |
| Option pool | 10.0% | 8.6% |
| Pre-Seed investors | — | 14.3% |
Breakeven analysis
At the latest post-money valuation of $3.5M, each of your ownership percentage points is worth:
$35K / %
Founders own 77.1% of the company, valued at $2.7M at this valuation.
How to use this calculator
Set up your starting cap table
Enter each founder's name and current equity %, plus your existing option pool size. The total must equal 100% before you can model rounds. Add co-founders with the button.
Enable funding rounds
Toggle rounds B, C, and D on and off to model different raise scenarios. Enter pre-money valuation and round size for each. The calculator applies option pool top-ups BEFORE investor shares.
Read the waterfall table
The waterfall table shows every stakeholder at every stage. Red values are percentages that decreased from the prior stage. The stacked bar updates live as you change inputs.
Dilution methodology
Frequently asked questions
Dilution is negotiable. Preparation is not.
Investors who use Hockystick come in with a full diligence workflow. Meet them with a verified profile and a prepared deal room.