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# The cap table after three rounds
- URL: https://weiter-money.nichedthemes.com/cap-table-after-three-rounds/
- Published: 2026-08-25T07:00:00.000Z
- Updated: 2026-08-25T07:00:00.000Z
- Description: A worked example from 100% to the Series A.
- Author: Elias Brandt
- Tags: The words, Terms, #newsletter, #Import 2026-11-11 10:07

Two founders start with 50% each. After a pre-seed, a seed, a pool top-up and a Series A, each holds 21%. That is normal, and it is also less than most expect.

Run your own version now, with real numbers, before anyone else does it for you in a meeting.