Article · Report

2026 Founder Ownership Report

Carta · carta.com Free Intermediate

Carta's March 2026 data on how founders' ownership falls through each round and how teams split equity: the median founding team holds about 56% after seed and 36% after Series A, and even splits are rising.

  • Median founder ownership falls to 36% by Series A.
  • Even splits rose to 27.3% of three-founder teams in 2025.
  • 36% of startups that raised on Carta had two founders.

It answers 2 questions

  1. What is Series A funding, and what do investors expect at that stage?
  2. How should co-founders split equity fairly?

Read with it

  1. The definitive, data-driven book on early founding-team decisions, drawing on quantitative research covering nearly 10,000... Princeton University Press Book · ~480 pages The Founder's Dilemmas Noam Wasserman
  2. The canonical dynamic-equity framework for fairly splitting ownership based on real contributions before funding, when nobody... slicingpie.com Tool · Framework + software + handbook Slicing Pie: Dynamic Equity Split Model & Calculator Mike Moyer
  3. A free, no-signup calculator that forces you and your co-founder to actually weigh the inputs (idea, roles, who is full time,... Foundrs Tool · ~10 minutes to work through Foundrs Co-Founder Equity Calculator Foundrs
  4. This is the exact list a founder gets handed once a term sheet lands, written by YC Continuity's general counsel after hundreds... Y Combinator Startup Library Article · ~10 min read Series A Diligence Checklist Jason Kwon (Y Combinator)
  5. Once you accept that the market sets the price, this piece shows you the actual methods investors reach for when there is no... Mercury Article · 12 min read How early-stage startups are valued by seed and Series A investors Mercury
  6. This is the cleanest statement of the per-round rule of thumb backed by Carta's data across 1,200+ rounds: roughly 20 percent... SaaStr Article · 6 min read Carta: The Actual, Real Dilution from Series A, B, C and D Rounds Jason Lemkin
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