I've been playing with some test numbers and end of the day if you start with a single founder and exit, the single founder take is significantly lowered by adding co-founders. I mean, makes sense the math, but still shocking the results.
SAFE
raise $750k, cap $4m
Series A
raise $8m, val $40m, options 10%, pro-rata
Series B
raise $20m, val $100m, options 10%, pro-rata
Exit
$300m
Single founder keeps 49% of equity which is $147m. Three founders each keeps 16% and $49m.
SAFE raise $750k, cap $4m
Series A raise $8m, val $40m, options 10%, pro-rata
Series B raise $20m, val $100m, options 10%, pro-rata
Exit $300m
Single founder keeps 49% of equity which is $147m. Three founders each keeps 16% and $49m.