Founder Ownership Report 2025

This report uses anonymized data from more than 45,000 startups incorporated from 2015 through 2024 to shed new light on how founder ownership works across the U.S. venture ecosystem, digging into first-of-its-kind data on the composition of founding teams, how founding teams divide their initial pool of equity, and how equity ownership evolves as startups move through their fundraising journeys.

Report highlights

• Solo founders are stepping up: The percentage of all startups incorporated on Carta that are led by a solo founder has more than doubled over the past decade, reaching 35% in 2024. Over this same span, startups with three, four, and five founders have become less prevalent.
• Solo founders are less likely to raise VC funding: Compared to larger founding teams, solo founders are less successful in raising venture capital. While solo founders comprised 35% of all companies incorporated in 2024, they accounted for just 17% of all companies launched in 2024 that also closed a VC round before the end of the year.
• Equal equity splits are becoming more common: While most founding teams choose to divide equity among themselves on an unequal basis, a growing number of co founders are opting for an even split. In 2024, 45.9% of two-person founder teams divided up their equity equally, compared to 31.5% back in 2015.
• Founder ownership declines most at early stages: After raising a seed round, the median founding team collectively owns 56.2% of their startup’s equity. At Series A, that figure falls to 36.1%, and at Series B, it’s 23%.

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