How much equity should a startup expect to exchange for VC funding?

The amount of equity a startup should exchange for a VC funding round depends on a number of factors, including company valuation, the amount being raised, and the funding stage. In general, seed funding rounds involve higher equity stakes in exchange for investments, as early investors take on more risk. For later rounds, the level of equity exchanged for investments typically decreases as the company has established itself and is seen as less of a risk. Early-stage startups should usually expect to exchange at least 10-20% equity for a significant equity investment round.