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Equity Fundraising Mechanics series

Preferences and Anti-Dilution

Preference and anti-dilution terms decide who gets paid what at exit. This guide explains how they work.

Included with every Future Founders and Founders Ticket, along with the whole library (117 guides, worth £2,925, 12 months' access).

Inside this guide

  • Liquidation preferences and participation
  • Anti-dilution formulas
  • Stacking across rounds and exit waterfalls

Who it's for

Founders negotiating investor rights that affect what everyone receives at exit.

Format

PDF guide · yours to keep · instant access after purchase

A general guide, not legal or financial advice. Seek independent advice for your situation. Library Terms apply.