How much equity do you actually give away in a pre-seed round?

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On Round Funded the cap table calculator shows founder, investor, and option pool ownership after the raise, so you know the equity you give away before you sign.

Pre-seed is usually 15 to 25 percent plus the pool. The number that matters is post-money, not the pre-money quote.

How to read it:

1. Percent sold is check divided by post-money

2. A pre-money option pool dilutes founders, not the investor

3. Combined founder ownership should stay above 50 percent at seed

4. Model the next two rounds before you sign this one

If the sheet pushes you below 50 percent at seed, the valuation is too low or the round is too big.

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See the post-round cap table before you take the check.