In step‐growth polymerizations, the molar concentration of reactive linear species (oligomers and polymers) decreases with higher conversions and finally reaches zero at 100% conversion. This self‐dilution favors cyclization at the expense of chain‐growth. Cyclization reduces the average lengths of the linear species, and thus, induces a kind of “self‐acceleration”. Both effects together overcompensate the decreasing cyclization tendency resulting from increasing chain lengths. This influence of the self‐dilution is also operating in the case of “abn” monomers, so that at 100% conversion (defined for the “a” functional groups) all hyperbranched polymers will have a cyclic core. With modifications, the “law of self‐dilution” also applies to “a2 + b3” or “a2 + b4” polycondensations. Furthermore, the “law of self‐dilution” is valid for both kinetically‐ and thermodynamically‐controlled polycondensations.magnified image