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# Dilution, counted honestly
- URL: https://weiter-money.nichedthemes.com/dilution-counted-honestly/
- Published: 2026-09-08T07:00:00.000Z
- Updated: 2026-09-08T07:00:00.000Z
- Description: Count the option pool, the SAFEs and the next round together.
- Author: Elias Brandt
- Tags: The words, Terms, #newsletter, #Import 2026-11-11 10:07

Founders tend to count dilution one round at a time. Investors count it across all of them.

Before you sign, write down what you will own after this round, the pool top-up and the next round. If that number scares you, the terms are the problem, not the next round.