irue False

The total dilution of the founders' shares resulting from all capital raised from time 1 through time 8 was 65%. 0 1 2 3 4 5 6 7 8 O True O False funding round self pre-seed seed Series A Series B Series C Series D Series E IPO Total shares Outstandi sold to ng shares outside 1000 1400 1800 2200 2600 3000 3400 3800 4800 investors 0 400 400 400 400 400 400 400 outside investment 0 $480.00 $576.00 $691.20 $829.44 $995.33 $1,194.39 $1 ,433.27 $10,ooo.oo percent sold to outside investor 0 28.57% 22.22% 18.18% 15.38% 13.33% 11.76% 10.53% 20.83% Founder Shares 1000 1000 1000 1000 1000 1000 1000 1000 1000 Value of a founder Share $1 $1.20 $1.44 $1.73 $2.07 $2.49 $2.99 $3.58 $10