Institute of Venture Capital

Fund Dynamics Deal Terms Calculators Exits

Option Pool Shuffle

Stated Pre-Money ($)

Investment ($)

Required Post-Money Pool (%)

Effective True Pre-Money Valuation

The stated pre-money drops exactly by the dollar value of the new pool shares.

Founder Dilution from Pool Creation

Institute of Venture Capital

An institutional, unvarnished resource on the mechanics of venture capital—term sheets, fund structures, cap tables, and return mathematics. Built for founders, GPs, and LPs who need the underlying math, not the PR.

Fund Mechanics

Management Fees
Carried Interest
Capital Calls
DPI, RVPI & TVPI

Deal Math

Valuation & Dilution
Liquidation Prefs
Option Pool Shuffle
Calculators

© 2026 Institute of Venture Capital. Independent analysis.

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