Benchmark Data

Industry benchmarks for dilution, valuations, and round sizes

Ownership & Dilution

Typical Dilution20%
15%35%

Founder Ownership at Exit

Typical stake at liquidity

15-25%

Option Pool Size

Post-Series A

10-15%

Ownership by Round

Valuation & Fundraising

Median Round Size

seed

$3.0M

Pre-money Valuation

seed

$12.0M

Time Between Rounds

Average duration

18 mo

Typical Round Progression

StageSizeValuation
Pre-Seed$500K$3M
Seed$3M$12M
Series A$15M$50M
Series B$30M$150M

Exit & IPO Benchmarks

Avg Time to Exit

7-10

years

IPO Float

15-25%

of shares

Underwriting Fees

5-7%

of proceeds

Note: These benchmarks are from 2023-2024 data. Actual values vary by company performance, market conditions, and negotiation.