Venture Deals · glossary
A count that adds shares not yet issued, such as the option pool, to those on the register. It measures what money bought, not votes. After the Series A, Solaris had 10,000 shares fully diluted and 8,000 on the register. Definition of Fully Diluted · Chapter 7
Explained in Chapter 7, Pricing the Round: Pre-Money, Post-Money and the Option Pool, of Venture Deals.
At the round price, the new money bought 2,000 shares. That took the company to 10,000 shares, counted fully diluted (including the reserved pool). The diagram shows each block before and after the round.Read Chapter 7, Pricing the Round: Pre-Money, Post-Money and the Option Pool →
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in relation to the share capital of the Company at any time, all Shares then in issue together with all Shares which would then be in issue if every Option granted had been exercised in full and every Share comprised in the unissued Option Pool had been issued, and (only where a provision expressly so states) all Shares which would arise on conversion of the Preference Shares at the Conversion Price then in force. A Share which has not been issued and entered in the register of members carries no vote and confers no right on anyone; the Fully Diluted basis measures economics, and the register measures everything else;Read the definition in the document →
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