DVC v3 by @Nick_Davidov

Probability of Fund Multiple

1x
100%
3x
97.3%
10x
59.9%

TVPI Distribution

3rd Quartile
4.92
Median
11.76
Top Quartile
14.72

Investments

Initial Check
$208.3K
Follow-on
$581.4K
Blended Cost Basis
$5.3M

Company Ownership

Avg Initial
4.25%
Avg At Exit
5.74%
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.

show/hide details

Median Fund Portfolio

Company 21 - $11,888,151,181 exit after 8 rounds
Invested: $789,729
Blended Cost Basis: $6,705,191
Return: $345,404,708 (own at exit: 2.91%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $86,566,875 (0.73% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $258,837,832 (2.18% ownership @ exit)

Company 7 - $115,017,222 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $5,300,813
Return: $10,199,977 (own at exit: 8.87%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $3,067,125 (2.67% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $7,132,851 (6.2% ownership @ exit)

Company 35 - $81,236,047 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $6,023,309
Return: $6,383,400 (own at exit: 7.86%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,733,035 (2.13% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $4,650,364 (5.72% ownership @ exit)

Company 94 - $59,636,430 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,353,383
Return: $4,792,488 (own at exit: 8.04%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,325,254 (2.22% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $3,467,234 (5.81% ownership @ exit)

Company 47 - $57,912,926 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $4,911,375 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,544,344 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $3,367,030 (5.81% ownership @ exit)

Company 101 - $57,609,960 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,843,790
Return: $5,748,236 (own at exit: 9.98%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,920,331 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,827,904 (6.64% ownership @ exit)

Company 65 - $54,632,327 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,579,987
Return: $5,730,367 (own at exit: 10.49%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,821,077 (3.33% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,909,289 (7.16% ownership @ exit)

Company 49 - $54,608,970 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,035,971
Return: $4,600,135 (own at exit: 8.42%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,213,532 (2.22% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $3,386,602 (6.2% ownership @ exit)

Company 116 - $53,469,672 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $4,534,560 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,425,857 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $3,108,701 (5.81% ownership @ exit)

Company 12 - $51,763,000 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,817,877
Return: $5,237,690 (own at exit: 10.12%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $1,533,718 (2.96% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,703,971 (7.16% ownership @ exit)

Company 36 - $50,548,122 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,330,097
Return: $4,623,782 (own at exit: 9.15%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,684,937 (3.33% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,938,844 (5.81% ownership @ exit)

Company 60 - $50,301,539 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,579,987
Return: $5,276,113 (own at exit: 10.49%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,676,717 (3.33% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,599,394 (7.16% ownership @ exit)

Company 31 - $49,979,239 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,859,477
Return: $5,085,977 (own at exit: 10.18%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,211,617 (2.42% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,874,359 (7.75% ownership @ exit)

Company 86 - $49,794,589 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,035,971
Return: $4,194,583 (own at exit: 8.42%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,106,546 (2.22% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $3,088,036 (6.2% ownership @ exit)

Company 72 - $47,890,010 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,353,383
Return: $3,848,525 (own at exit: 8.04%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,064,222 (2.22% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,784,302 (5.81% ownership @ exit)

Company 24 - $47,460,896 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,705,191
Return: $4,208,234 (own at exit: 8.87%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,054,686 (2.22% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,153,547 (6.64% ownership @ exit)

Company 34 - $47,425,596 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,360,180
Return: $4,447,505 (own at exit: 9.38%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,053,902 (2.22% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,393,602 (7.16% ownership @ exit)

Company 5 - $47,330,717 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $4,013,938 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,262,152 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,751,785 (5.81% ownership @ exit)

Company 43 - $46,895,054 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,626,016
Return: $4,158,755 (own at exit: 8.87%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,250,534 (2.67% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $2,908,220 (6.2% ownership @ exit)

Company 56 - $45,903,273 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $3,892,882 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,224,087 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,668,794 (5.81% ownership @ exit)

Company 53 - $44,731,788 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,000,000
Return: $4,461,620 (own at exit: 9.97%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $994,039 (2.22% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,467,580 (7.75% ownership @ exit)

Company 10 - $43,687,339 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,530,177
Return: $3,961,900 (own at exit: 9.07%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,059,087 (2.42% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $2,902,813 (6.64% ownership @ exit)

Company 113 - $41,180,304 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,330,097
Return: $3,766,880 (own at exit: 9.15%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,372,676 (3.33% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,394,203 (5.81% ownership @ exit)

Company 66 - $41,155,104 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,530,177
Return: $3,732,258 (own at exit: 9.07%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $997,699 (2.42% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $2,734,558 (6.64% ownership @ exit)

Company 29 - $41,066,096 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,360,180
Return: $3,851,120 (own at exit: 9.38%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $912,579 (2.22% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $2,938,539 (7.16% ownership @ exit)

Company 64 - $40,790,689 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,331,853
Return: $3,798,097 (own at exit: 9.31%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,087,751 (2.67% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $2,710,344 (6.64% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 88 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 114 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% 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 37 - $10,668,899,701 exit after 8 rounds
Invested: $789,729
Blended Cost Basis: $6,626,016
Return: $310,031,543 (own at exit: 2.91%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $93,226,268 (0.87% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $216,805,274 (2.03% ownership @ exit)

Company 52 - $10,605,675,585 exit after 8 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $294,724,259 (own at exit: 2.78%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $92,673,807 (0.87% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $202,050,452 (1.91% ownership @ exit)

Company 35 - $510,612,768 exit after 5 rounds
Invested: $789,729
Blended Cost Basis: $7,035,971
Return: $27,528,229 (own at exit: 5.39%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $7,262,048 (1.42% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $20,266,181 (3.97% ownership @ exit)

Company 88 - $109,076,839 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $6,000,000
Return: $8,703,599 (own at exit: 7.98%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,939,143 (1.78% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $6,764,455 (6.2% ownership @ exit)

Company 46 - $100,690,206 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $6,000,000
Return: $8,034,402 (own at exit: 7.98%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,790,048 (1.78% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $6,244,353 (6.2% ownership @ exit)

Company 59 - $100,008,666 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $5,859,477
Return: $8,141,650 (own at exit: 8.14%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,939,561 (1.94% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $6,202,087 (6.2% ownership @ exit)

Company 4 - $81,128,356 exit after 4 rounds
Invested: $789,729
Blended Cost Basis: $5,859,477
Return: $6,604,614 (own at exit: 8.14%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,573,398 (1.94% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $5,031,215 (6.2% ownership @ exit)

Company 41 - $59,513,337 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,638,009
Return: $5,223,436 (own at exit: 8.78%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $1,763,358 (2.96% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $3,460,077 (5.81% ownership @ exit)

Company 27 - $58,714,961 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,093,458
Return: $5,598,403 (own at exit: 9.53%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,957,165 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $3,641,237 (6.2% ownership @ exit)

Company 114 - $56,943,343 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,579,987
Return: $5,972,769 (own at exit: 10.49%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,898,111 (3.33% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $4,074,657 (7.16% ownership @ exit)

Company 70 - $54,786,163 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,105,232
Return: $5,263,570 (own at exit: 9.61%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $1,623,293 (2.96% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,640,276 (6.64% ownership @ exit)

Company 101 - $54,471,952 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,143,426
Return: $4,487,506 (own at exit: 8.24%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,320,532 (2.42% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $3,166,973 (5.81% ownership @ exit)

Company 53 - $53,433,289 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,360,180
Return: $5,010,898 (own at exit: 9.38%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,187,406 (2.22% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,823,491 (7.16% ownership @ exit)

Company 43 - $52,776,932 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,530,177
Return: $4,786,214 (own at exit: 9.07%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,279,440 (2.42% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,506,772 (6.64% ownership @ exit)

Company 58 - $51,588,103 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,705,191
Return: $4,574,183 (own at exit: 8.87%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $1,146,402 (2.22% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,427,780 (6.64% ownership @ exit)

Company 47 - $50,863,920 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,699,301
Return: $5,299,311 (own at exit: 10.42%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,356,371 (2.67% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,942,939 (7.75% ownership @ exit)

Company 64 - $50,230,024 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,202,501
Return: $4,811,975 (own at exit: 9.58%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,217,697 (2.42% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $3,594,277 (7.16% ownership @ exit)

Company 119 - $49,627,374 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,843,790
Return: $4,951,746 (own at exit: 9.98%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,654,245 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,297,499 (6.64% ownership @ exit)

Company 100 - $47,880,309 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,859,477
Return: $4,872,387 (own at exit: 10.18%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $1,160,734 (2.42% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,711,651 (7.75% ownership @ exit)

Company 66 - $47,790,445 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,843,790
Return: $4,768,460 (own at exit: 9.98%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,593,014 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $3,175,444 (6.64% ownership @ exit)

Company 33 - $46,856,297 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,626,016
Return: $4,155,318 (own at exit: 8.87%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,249,501 (2.67% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $2,905,816 (6.2% ownership @ exit)

Company 96 - $45,889,494 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,093,458
Return: $4,375,510 (own at exit: 9.53%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,529,649 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $2,845,860 (6.2% ownership @ exit)

Company 45 - $44,680,089 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $3,789,149 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,191,469 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,597,679 (5.81% ownership @ exit)

Company 77 - $44,635,563 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,330,097
Return: $4,082,943 (own at exit: 9.15%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,487,852 (3.33% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,595,090 (5.81% ownership @ exit)

Company 31 - $43,734,647 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $7,353,383
Return: $3,514,593 (own at exit: 8.04%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $971,881 (2.22% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,542,712 (5.81% ownership @ exit)

Company 98 - $42,841,032 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,000,000
Return: $4,273,033 (own at exit: 9.97%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $952,022 (2.22% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,321,010 (7.75% ownership @ exit)

Company 14 - $42,840,458 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $3,633,137 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,142,412 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,490,724 (5.81% ownership @ exit)

Company 75 - $42,108,881 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,843,790
Return: $4,201,562 (own at exit: 9.98%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,403,629 (3.33% ownership @ exit)
   Check 2: $581,395 @ $7,000,000 (8.31%)
   Check 2 Returns: $2,797,932 (6.64% ownership @ exit)

Company 71 - $41,880,449 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,699,301
Return: $4,363,358 (own at exit: 10.42%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,116,811 (2.67% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,246,546 (7.75% ownership @ exit)

Company 81 - $41,731,681 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $5,300,813
Return: $4,626,070 (own at exit: 11.09%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $1,391,056 (3.33% ownership @ exit)
   Check 2: $581,395 @ $6,000,000 (9.69%)
   Check 2 Returns: $3,235,014 (7.75% ownership @ exit)

Company 109 - $41,388,345 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,378,261
Return: $3,793,040 (own at exit: 9.16%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $1,226,321 (2.96% ownership @ exit)
   Check 2: $581,395 @ $7,500,000 (7.75%)
   Check 2 Returns: $2,566,719 (6.2% ownership @ exit)

Company 3 - $41,129,208 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,202,501
Return: $3,940,128 (own at exit: 9.58%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $997,071 (2.42% ownership @ exit)
   Check 2: $581,395 @ $6,500,000 (8.94%)
   Check 2 Returns: $2,943,056 (7.16% ownership @ exit)

Company 38 - $40,636,739 exit after 3 rounds
Invested: $789,729
Blended Cost Basis: $6,906,780
Return: $3,446,247 (own at exit: 8.48%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $1,083,646 (2.67% ownership @ exit)
   Check 2: $581,395 @ $8,000,000 (7.27%)
   Check 2 Returns: $2,362,601 (5.81% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.47%)
   Check 1: $208,333 @ $6,000,000 (3.47%)
   Check 1 Returns: $0 (3.47% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $208,333 @ $5,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.21%)
   Check 1: $208,333 @ $4,000,000 (5.21%)
   Check 1 Returns: $0 (5.21% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.79%)
   Check 1: $208,333 @ $5,500,000 (3.79%)
   Check 1 Returns: $0 (3.79% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $208,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.63%)
   Check 1: $208,333 @ $4,500,000 (4.63%)
   Check 1 Returns: $0 (4.63% 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
$50,000,000
Investments
120
Reserve
50%
Follow-on rate
35%
Follow-on Picking
Above Average Picking

Fork this model

Silicon Valley Pre-Seed Market

First investment is at pre-seed and the follow-on at Seed.

Company Valuations

Entry Valuation
$4-6M
Follow-on Valuation
$6-8M

Dilution

Dilution Per Round
20%

Outcome Distribution

Probability Exit Rounds
0.75% $10B 8
0.8% $1B 7
0.8% $500M 5
3% $100M 4
15% $50M 3
79.65% $0 1