Forecasting Dilution When Planning Your Fundraise

Understanding how much to raise is only half the battle — this guide walks you through how to set the terms of your round by forecasting dilution and planning ahead. Covers the math behind pre-money and post-money valuation, why founders should expect roughly 10% dilution per round, how to build a multi-round operating model, and when to consider alternatives like SAFEs, convertible notes, or debt financing.