> ...we looked at 120 US Series A rounds... > ...on average, founders taking preemptive offers are taking ~1.4% more dilution for less money. Is this finding

> ...we looked at 120 US Series A rounds... > ...on average, founders taking preemptive offers are taking ~1.4% more dilution for less money. Is this finding statistically significant? It's unclear what the standard deviation in the distribution of dilutions is, but if it's less than ~7.7% or so then this would be less than a 2 sigma result. Granted, given that their prior was that this should have gone the other way, that would increase the statistical significance of the result. I really have no idea what this distribution looks like, though.