Industry Benchmarks
Reference data to guide your assumptions based on market norms
Typical Dilution Per Round
seed
20%(15-25%)
series A
20%(15-25%)
series B
15%(10-20%)
series C
12%(8-15%)
Typical Pre-Money Valuations
seed
$5M($2-$10M)
series A
$25M($10-$50M)
series B
$100M($50-$200M)
series C
$500M($200-$1000M)
Typical Round Sizes
seed
$1.5M($0.5-$3M)
series A
$7M($3-$15M)
series B
$25M($15-$50M)
series C
$50M($30-$100M)
Exit & IPO Benchmarks
Time to Exit
7 years(3-10 years)
Founder Ownership at Exit
20%(10-40%)
IPO Float Percentage
20%(15-30%)
IPO Underwriting Fees
6%(5-7%)
Data Sources
These benchmarks are based on aggregated data from industry reports:
- • Carta State of Private Markets (2023)
- • NVCA Yearbook (2023)
- • PitchBook-NVCA Venture Monitor
- • Industry surveys and public filings
Note: Actual values vary significantly based on industry, geography, and market conditions.