Funding Academy
Valuation & Dilution
Learn how private companies are valued, how each round dilutes the cap table, and how to model outcomes before you negotiate.
- 112 min
How private valuation works
Comparables, multiples, and the negotiation reality.
- 212 min
Reading a cap table
Ownership, option pools, and fully diluted maths.
- 313 min
Modelling dilution across rounds
Projecting founder ownership from seed to exit.
- 413 min
Structure beats headline price
Liquidation preferences, participation, and anti-dilution.
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Create free accountEducational content only. Bright Capital Academy materials, calculators, and certificates are provided for general educational purposes and are not legal, tax, financial, accounting, or investment advice. Outputs are illustrative models based on the assumptions you enter — they are not valuations, offers, projections, or guarantees of any outcome. Always consult qualified professional advisers in your jurisdiction before acting.
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