| By Median TVPI | 1.42 | Spray and Pray |
| By Chance of 10x TVPI | 3% | Random Follow-On |
| By Chance of 3x TVPI | 21% | baseline |
Investing in a wide range of valuations.
The chance that any specific investment will exit at a valuation.
| Probability | Exit | Rounds |
|---|---|---|
| 0.01% | $50B | 5 |
| 0.1% | $10B | 5 |
| 0.5% | $5B | 5 |
| 1% | $1B | 5 |
| 5% | $250M | 5 |
| 20% | $100M | 5 |
| 73.39% | $0 | 5 |