I've been playing with some test numbers and end of the day if you start with a single founder and exit, the single founder take is significantly lowered by add

I've been playing with some test numbers and end of the day if you start with a single founder and exit, the single founder take is significantly lowered by adding co-founders. I mean, makes sense the math, but still shocking the results. SAFE raise $750k, cap $4m Series A raise $8m, val $40m, options 10%, pro-rata Series B raise $20m, val $100m, options 10%, pro-rata Exit $300m Single founder keeps 49% of equity which is $147m. Three founders each keeps 16% and $49m.