Consider a start-up that is valued at cost throughout the early stages of its life.

Required:

Round A: Cyprus Ventures invests $257,890, bringing the post-round valuation to $820,000. What are the ownership percentages for the founder and Cyprus Ventures, if all voting rights are equal?

Round B: A syndication of Cypress Ventures, Specific Pacific Management, and Mountainhome Capital Group invests $780,000 each. Now determine the ownership for each party assuming the start-up is valued at cost.

What would be the minimum necessary voting rights for the founders to maintain control through both rounds of financing? (Control is defined as greater than 50% ownership, with percentages rounded to whole numbers.)