[joeblubaugh]

After the Series B for my last company the three founders owned something like 45% of the outstanding shares, and when they sold took out something like 40% of the price. What were the rounds like that led to less than 10% after 3ish rounds?

[sokoloff]

I read GP as very few founders individually have double-digit ownership, not collectively.

[sunk1st]

45 divided by three is 15 is double digit.

[kelnos]

Yes, but a single example of this doesn't make it common.