Where your company goes
Same colours across both bars — watch your blue slice shrink as investors and the option pool come in.
Before the seed (pre-seed investors converted)
After the seed
The valuation lever
Founder ownership after the seed, for each pre-money valuation (rows) and raise size (columns). Greener = you keep more. The outlined cell is you.
What good looks like in 2026
- Repeat / proven founders (your Alsid→Tenable pedigree qualifies) sell 10–15% at seed. First-timers give up 20–25%.
- Keep founders above 50% going into Series A. The Carta median is 56% right after seed.
- Dilution follows the dollars you raise vs your valuation, not the round's name. Raise less, or raise it higher.
- An option pool of ~10% is the norm. Carved before the money, it comes out of you, not the seed investor.