Diluted-to-Death, DtD

Slang term for what may happen to an investor in a startup company who buys early round shares, e.g. the A-Round, if heavy dilution occurs in later rounds. Such an investor’s shares have been so diluted as to be essentially worthless. Particularly in the United States the phrases “washed away” or “washed out” are also often used. See Anti-Dilution Clause.