The numbers today in Lemonade’s S-1 that showed just how well the company has been able to grow its invested capital and valuation while taking relatively little dilution. If you are a founder looking for a role model, Lemonade may just be the best scenario you can have while raising nearly $500 million in preferred equity funding across five rounds.
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Source: https://blog.ourcrowd.com/startup-dilution-done-right-lemonade-ipo-edition/