| By Median TVPI | 2.99 | Diverse Portfolio - No Reserve |
| By Chance of 10x TVPI | 2% | Concentrated Model - No Reserve |
| By Chance of 3x TVPI | 50% | Diverse Portfolio - No Reserve |
First investment is at Series A and the follow-on is at Series B.
The chance that any specific investment will exit at a valuation.
| Probability | Exit | Rounds |
|---|---|---|
| 1% | $10B | 6 |
| 2% | $1B | 5 |
| 5% | $500M | 4 |
| 20% | $200M | 3 |
| 33% | $100M | 3 |
| 39% | $0 | 2 |