Silicon Valley Self Regulation

Fully Diluted Shares

Fully Diluted Shares


Fully diluted shares are the total number of outstanding shares if every potential means of conversion was exercised. Means of conversion refers to many things, like stock options and convertible notes. 

helpful resources

Fully Diluted Shares selection at Investopedia

Fully-Diluted Capitalization at Clerkly's Legal Concepts for Founders

Fully Diluted Shares: Everything You Need to Know at Upcounsel

Mary Russell's Joining an Early Stage Startup? Negotiate Your Equity and Salary with Stock Option Option Counsel Tips at Stock Option Counsel

Sam Altman's Employee Equity at Sam Altman's blog