<ul><li>Most big VC firms ($600-$2b+ in a fund) want to own 15%-20%+ of a start-up, ideally even 30% in a Series A investment.</li><li>Smaller VC funds ($100m or smaller fund) would like to own 10% or more after a Seed or Pre-Seed Investment, but typically model around 7% average ownership.</li><li>VC funds may be more flexible with ownership percentages for non-core investments, but they won't be as engaged.</li><li>In late-stage deals, it's more about absolute $$$ invested at a reasonable price than % ownership, but in Seed, A, and B deals, ownership % is important.</li></ul>

Dear SaaStr: What Percentage Owership Do Venture Capitalists Want in Start-Ups?

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