📂 Founder Strategy

Most founders optimize for valuation and headline. The disciplined ones optimize for ownership at exit. A senior GP's framework for thinking about dilution, round sizing, and the option pool across the full arc from seed to IPO.

A Senior General Partner on why raising your Series A too early caps your outcome — the power law, default-alive math, and the pull every great round is underwritten against.

Tiger Global, Coatue, and Lone Pine file detailed public equity holdings with the SEC every quarter — and almost no founders read them. The same conviction themes driving their public books routinely preview the private thesis of the next fund vintage.