They will give you what's called a term sheet. Okay, this is the final piece of an investment, an investor will give you this term sheet, it's going to be a document, typically between five or 10 pages, maybe more, maybe less. And it tells you the terms of the investment, which will say how much money you're getting at what valuation, which means which percentage of stock are they going to get for the money, what the value of your company is, and then there's going to be a whole bunch of quote unquote, terms that the investors are going to get. One of the most popular they get is called right of first refusal and anti dilution, which means they can refuse new investors, where they would be the ones to invest in stead. And anti dilution means that when your next round comes in after this one, their shares don't go down.
But yours do. dilution means that everybody shares gets, you know, gets diluted so that the new shares are being compensated from the original shares. But the investors who who invested in this round will not be diluted, they will retain say they got 20% of shares, and you have 80% and someone else comes in next round and takes another 20%, that 20 percents coming out of your shares, which means you'll be down to 60%. And the other investor will still have their 20. So you gotta watch for these things, you definitely should get a lawyer. And in the end, the investors are probably not going to budge on these rules in these terms.
So you're probably gonna have to suck it up and just, you know, take the money, build the company up, try not to take any more money so that you still retain at least 51% of the company. And if you can do that, and you can raise money and you can scale and have millions and millions of users using it like a Snapchat or an Instagram or a Facebook or an Uber or an Airbnb, you could possibly become the next unicorn. That's right, I've said it. So if you want to become a unicorn, do everything that I just showed you.