I am sure there are people on here way more knowledgeable than myself and can give some very detailed tactics. Yet from my perspective it really boils down to the following:<p>1. Easiest way to avoid dilution it is to not take any VC money.<p>2. If you have to take it to grow and you are profitable with a strong history of growth then you are in the drivers seat and can negotiate better terms.<p>Other than that you will generally get diluted down for every round of funding you due outside of a small seed round.