A lot of discussion around dilution ignores the important aspect of the number of founders.
If you are a single founder, you might want to raise more money to hire a larger team and you would be fine with greater dilution since you own a bigger chunk to begin with. You are still going to own a meaningful stake even after the extra dilution.
If you are a team with 4 founders you need to be extra careful with dilution.
I find it strange that the standard advice on dilution often ignores this important aspect.
As a guess: Because many modern people confuse value and money. Kind of like when I was a homemaker and some people viewed me as not really a contributing member of society because the work I did wasn't attached to a paycheck. Without a paycheck/dollar value attached to my name to signal to them what my contribution was worth, they figured it was valueless rather than priceless.
If you are a single founder, you might want to raise more money to hire a larger team and you would be fine with greater dilution since you own a bigger chunk to begin with. You are still going to own a meaningful stake even after the extra dilution.
If you are a team with 4 founders you need to be extra careful with dilution.
I find it strange that the standard advice on dilution often ignores this important aspect.