Jul 18, 2026

levelsio

Why Founders End Up With Just 5% After Multiple VC Rounds

Dilution compounds with each funding round, even after a billion-dollar exit.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

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HANDCRAFTED by:

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Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Benchmarks

Soon

about us

Community

INVESTORS

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Benchmarks

Soon

about us

Community

INVESTORS

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