80*1% Pre/Seed - No FO by @tina_nia

Probability of Fund Multiple

1x
99.2%
3x
42.8%
10x
2.7%

TVPI Distribution

3rd Quartile
2.02
Median
2.72
Top Quartile
3.94

Investments

Initial Check
$150K
Follow-on
$0
Blended Cost Basis
$8M

Company Ownership

Avg Initial
3.11%
Avg At Exit
3.97%
Dilution/Round
20%

Median Performing Portfolio

50% of simulated portfolios performed worse than this portfolio, and 50% performed better. Click 'show/hide details' to see each investment.

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Median Fund Portfolio

Company 78 - $1,168,235,468 exit after 6 rounds
Invested: $150,000
Blended Cost Basis: $9,000,000
Return: $6,380,123 (own at exit: 0.55%)
   Check 1: $150,000 @ $9,000,000 (1.67%)
   Check 1 Returns: $6,380,123 (0.55% ownership @ exit)

Company 66 - $1,087,283,722 exit after 6 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $9,716,758 (own at exit: 0.89%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $9,716,758 (0.89% ownership @ exit)
   Check 2: $0 @ $39,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 20 - $466,997,701 exit after 5 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $2,125,358 (own at exit: 0.46%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $2,125,358 (0.46% ownership @ exit)

Company 44 - $113,988,234 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $921,505 (own at exit: 0.81%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $921,504 (0.81% ownership @ exit)

Company 40 - $113,887,404 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $2,499,015 (own at exit: 2.19%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $2,499,015 (2.19% ownership @ exit)

Company 50 - $113,422,600 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $670,066 (own at exit: 0.59%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $670,065 (0.59% ownership @ exit)

Company 39 - $97,796,044 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $715,308 (own at exit: 0.73%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $715,308 (0.73% ownership @ exit)

Company 47 - $85,849,184 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $6,500,000
Return: $1,014,341 (own at exit: 1.18%)
   Check 1: $150,000 @ $6,500,000 (2.31%)
   Check 1 Returns: $1,014,341 (1.18% ownership @ exit)

Company 62 - $59,262,998 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $1,625,499 (own at exit: 2.74%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $1,625,499 (2.74% ownership @ exit)

Company 25 - $56,148,759 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $9,000,000
Return: $598,920 (own at exit: 1.07%)
   Check 1: $150,000 @ $9,000,000 (1.67%)
   Check 1 Returns: $598,920 (1.07% ownership @ exit)

Company 31 - $55,793,928 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $510,116 (own at exit: 0.91%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $510,115 (0.91% ownership @ exit)

Company 24 - $55,275,420 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $2,500,000
Return: $2,122,576 (own at exit: 3.84%)
   Check 1: $150,000 @ $2,500,000 (6%)
   Check 1 Returns: $2,122,576 (3.84% ownership @ exit)

Company 43 - $52,969,924 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $9,000,000
Return: $565,013 (own at exit: 1.07%)
   Check 1: $150,000 @ $9,000,000 (1.67%)
   Check 1 Returns: $565,012 (1.07% ownership @ exit)

Company 49 - $50,816,543 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $348,456 (own at exit: 0.69%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $348,456 (0.69% ownership @ exit)

Company 0 - $49,863,810 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $503,887 (own at exit: 1.01%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $503,886 (1.01% ownership @ exit)
   Check 2: $0 @ $38,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 32 - $42,433,690 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $10,000,000
Return: $407,363 (own at exit: 0.96%)
   Check 1: $150,000 @ $10,000,000 (1.5%)
   Check 1 Returns: $407,363 (0.96% ownership @ exit)

Company 27 - $42,026,000 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $733,545 (own at exit: 1.75%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $733,544 (1.75% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.73%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $0 (2.73% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5%)
   Check 1: $150,000 @ $3,000,000 (5%)
   Check 1 Returns: $0 (5% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.43%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $0 (1.43% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.58%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.5%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $0 (2.5% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.3%)
   Check 1: $150,000 @ $11,500,000 (1.3%)
   Check 1 Returns: $0 (1.3% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $150,000 @ $12,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.31%)
   Check 1: $150,000 @ $6,500,000 (2.31%)
   Check 1 Returns: $0 (2.31% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2%)
   Check 1: $150,000 @ $7,500,000 (2%)
   Check 1 Returns: $0 (2% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.5%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $0 (2.5% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.73%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $0 (2.73% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.76%)
   Check 1: $150,000 @ $8,500,000 (1.76%)
   Check 1 Returns: $0 (1.76% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.29%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $0 (4.29% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 15%)
   Check 1: $150,000 @ $1,000,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.73%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $0 (2.73% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.3%)
   Check 1: $150,000 @ $11,500,000 (1.3%)
   Check 1 Returns: $0 (1.3% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.5%)
   Check 1: $150,000 @ $10,000,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.76%)
   Check 1: $150,000 @ $8,500,000 (1.76%)
   Check 1 Returns: $0 (1.76% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.29%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $0 (4.29% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.29%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $0 (4.29% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5%)
   Check 1: $150,000 @ $3,000,000 (5%)
   Check 1 Returns: $0 (5% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2%)
   Check 1: $150,000 @ $7,500,000 (2%)
   Check 1 Returns: $0 (2% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $150,000 @ $12,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 15%)
   Check 1: $150,000 @ $1,000,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $150,000 @ $2,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.5%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $0 (2.5% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.36%)
   Check 1: $150,000 @ $11,000,000 (1.36%)
   Check 1 Returns: $0 (1.36% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.73%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $0 (2.73% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.76%)
   Check 1: $150,000 @ $8,500,000 (1.76%)
   Check 1 Returns: $0 (1.76% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.31%)
   Check 1: $150,000 @ $6,500,000 (2.31%)
   Check 1 Returns: $0 (2.31% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.5%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $0 (2.5% ownership @ exit)

Top Quartile Portfolio

75% of simulated portfolios performed worse than this portfolio, 25% performed better%. Click 'show/hide details' to see each investment.

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Top Quartile Fund Portfolio

Company 10 - $11,282,071,918 exit after 7 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $31,687,794 (own at exit: 0.28%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $31,687,794 (0.28% ownership @ exit)
   Check 2: $0 @ $23,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 25 - $114,429,887 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $1,464,703 (own at exit: 1.28%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $1,464,702 (1.28% ownership @ exit)

Company 2 - $111,282,196 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $1,709,295 (own at exit: 1.54%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $1,709,294 (1.54% ownership @ exit)
   Check 2: $0 @ $31,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 70 - $99,541,191 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $728,073 (own at exit: 0.73%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $728,072 (0.73% ownership @ exit)

Company 32 - $98,200,178 exit after 4 rounds
Invested: $150,000
Blended Cost Basis: $11,000,000
Return: $685,616 (own at exit: 0.7%)
   Check 1: $150,000 @ $11,000,000 (1.36%)
   Check 1 Returns: $685,615 (0.7% ownership @ exit)

Company 56 - $59,455,684 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $815,392 (own at exit: 1.37%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $815,392 (1.37% ownership @ exit)

Company 68 - $57,862,776 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $793,547 (own at exit: 1.37%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $793,546 (1.37% ownership @ exit)

Company 73 - $57,171,039 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $997,894 (own at exit: 1.75%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $997,894 (1.75% ownership @ exit)

Company 59 - $55,514,956 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $8,500,000
Return: $626,992 (own at exit: 1.13%)
   Check 1: $150,000 @ $8,500,000 (1.76%)
   Check 1 Returns: $626,992 (1.13% ownership @ exit)

Company 22 - $55,235,425 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $6,500,000
Return: $815,785 (own at exit: 1.48%)
   Check 1: $150,000 @ $6,500,000 (2.31%)
   Check 1 Returns: $815,784 (1.48% ownership @ exit)

Company 35 - $54,357,778 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $10,000,000
Return: $521,835 (own at exit: 0.96%)
   Check 1: $150,000 @ $10,000,000 (1.5%)
   Check 1 Returns: $521,834 (0.96% ownership @ exit)

Company 42 - $54,304,155 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $401,015 (own at exit: 0.74%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $401,015 (0.74% ownership @ exit)

Company 78 - $53,959,496 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $863,352 (own at exit: 1.6%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $863,351 (1.6% ownership @ exit)

Company 54 - $53,555,811 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $541,196 (own at exit: 1.01%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $541,195 (1.01% ownership @ exit)

Company 51 - $49,580,699 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $3,173,165 (own at exit: 6.4%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $3,173,164 (6.4% ownership @ exit)

Company 29 - $49,165,508 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $943,978 (own at exit: 1.92%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $943,977 (1.92% ownership @ exit)

Company 40 - $47,373,964 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $12,000,000
Return: $378,992 (own at exit: 0.8%)
   Check 1: $150,000 @ $12,000,000 (1.25%)
   Check 1 Returns: $378,991 (0.8% ownership @ exit)

Company 69 - $46,262,650 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $1,268,918 (own at exit: 2.74%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $1,268,918 (2.74% ownership @ exit)

Company 20 - $43,217,875 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $754,348 (own at exit: 1.75%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $754,348 (1.75% ownership @ exit)

Company 63 - $42,511,198 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $12,000,000
Return: $340,090 (own at exit: 0.8%)
   Check 1: $150,000 @ $12,000,000 (1.25%)
   Check 1 Returns: $340,089 (0.8% ownership @ exit)

Company 62 - $40,402,204 exit after 3 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $267,490 (own at exit: 0.66%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $267,490 (0.66% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.5%)
   Check 1: $150,000 @ $6,000,000 (2.5%)
   Check 1 Returns: $0 (2.5% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $0 (3% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1%)
   Check 1: $150,000 @ $15,000,000 (1%)
   Check 1 Returns: $0 (1% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.3%)
   Check 1: $150,000 @ $11,500,000 (1.3%)
   Check 1 Returns: $0 (1.3% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 15%)
   Check 1: $150,000 @ $1,000,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $150,000 @ $2,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $0 (3% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.29%)
   Check 1: $150,000 @ $3,500,000 (4.29%)
   Check 1 Returns: $0 (4.29% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $150,000 @ $12,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.76%)
   Check 1: $150,000 @ $8,500,000 (1.76%)
   Check 1 Returns: $0 (1.76% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.36%)
   Check 1: $150,000 @ $11,000,000 (1.36%)
   Check 1 Returns: $0 (1.36% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5%)
   Check 1: $150,000 @ $3,000,000 (5%)
   Check 1 Returns: $0 (5% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $0 (3% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5%)
   Check 1: $150,000 @ $3,000,000 (5%)
   Check 1 Returns: $0 (5% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.67%)
   Check 1: $150,000 @ $9,000,000 (1.67%)
   Check 1 Returns: $0 (1.67% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.58%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.43%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $0 (1.43% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 6%)
   Check 1: $150,000 @ $2,500,000 (6%)
   Check 1 Returns: $0 (6% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.36%)
   Check 1: $150,000 @ $11,000,000 (1.36%)
   Check 1 Returns: $0 (1.36% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $150,000 @ $12,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 6%)
   Check 1: $150,000 @ $2,500,000 (6%)
   Check 1 Returns: $0 (6% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.43%)
   Check 1: $150,000 @ $10,500,000 (1.43%)
   Check 1 Returns: $0 (1.43% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3%)
   Check 1: $150,000 @ $5,000,000 (3%)
   Check 1 Returns: $0 (3% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $150,000 @ $2,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5%)
   Check 1: $150,000 @ $3,000,000 (5%)
   Check 1 Returns: $0 (5% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $150,000 @ $2,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.31%)
   Check 1: $150,000 @ $6,500,000 (2.31%)
   Check 1 Returns: $0 (2.31% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.3%)
   Check 1: $150,000 @ $11,500,000 (1.3%)
   Check 1 Returns: $0 (1.3% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.67%)
   Check 1: $150,000 @ $9,000,000 (1.67%)
   Check 1 Returns: $0 (1.67% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.73%)
   Check 1: $150,000 @ $5,500,000 (2.73%)
   Check 1 Returns: $0 (2.73% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $150,000 @ $4,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.58%)
   Check 1: $150,000 @ $9,500,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $150,000 @ $13,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10%)
   Check 1: $150,000 @ $1,500,000 (10%)
   Check 1 Returns: $0 (10% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $150,000 @ $14,500,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1%)
   Check 1: $150,000 @ $15,000,000 (1%)
   Check 1 Returns: $0 (1% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $150,000 @ $14,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $150,000 @ $13,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.14%)
   Check 1: $150,000 @ $7,000,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $150,000 @ $4,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $150,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $150,000 @ $2,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Portfolio Size vs TVPI

How changing portfolio size would affect returns.

Reserves (%) vs TVPI

How changing the percent of capital reserved for follow-on would affect returns.

Fund Model

Fund
$12,000,000
Investments
80
Reserve
0%
Follow-on rate
0%
Follow-on Picking
Above Average Picking

Fork this model

Silicon Valley Seed Market

Made up data for Seed investing. This assumes the first investment is at seed and the follow-on is at Series A.

Company Valuations

Entry Valuation
$1-15M
Follow-on Valuation
$20-50M

Dilution

Dilution Per Round
20%

Outcome Distribution

Probability Exit Rounds
0.1% $10B 7
1% $1B 6
1% $500M 5
5% $100M 4
20% $50M 3
72.9% $0 1