DVC actual by @Nick_Davidov

Probability of Fund Multiple

1x
100%
3x
15%
10x
0%

TVPI Distribution

3rd Quartile
1.88
Median
2.15
Top Quartile
2.59

Investments

Initial Check
$133.3K
Follow-on
$516.1K
Blended Cost Basis
$13.9M

Company Ownership

Avg Initial
1.08%
Avg At Exit
1.29%
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 75 - $1,167,431,188 exit after 7 rounds
Invested: $649,462
Blended Cost Basis: $16,847,107
Return: $13,991,568 (own at exit: 1.2%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $3,022,568 (0.26% ownership @ exit)
   Check 2: $516,129 @ $18,000,000 (2.87%)
   Check 2 Returns: $10,968,999 (0.94% ownership @ exit)

Company 42 - $1,125,527,875 exit after 7 rounds
Invested: $649,462
Blended Cost Basis: $19,569,368
Return: $11,345,963 (own at exit: 1.01%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $3,576,368 (0.32% ownership @ exit)
   Check 2: $516,129 @ $24,500,000 (2.11%)
   Check 2 Returns: $7,769,595 (0.69% ownership @ exit)

Company 2 - $99,580,438 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $19,406,365
Return: $2,019,567 (own at exit: 2.03%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $453,201 (0.46% ownership @ exit)
   Check 2: $516,129 @ $21,000,000 (2.46%)
   Check 2 Returns: $1,566,365 (1.57% ownership @ exit)

Company 24 - $93,789,331 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $18,524,164
Return: $1,958,984 (own at exit: 2.09%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $582,062 (0.62% ownership @ exit)
   Check 2: $516,129 @ $22,500,000 (2.29%)
   Check 2 Returns: $1,376,921 (1.47% ownership @ exit)

Company 3 - $92,533,427 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $15,130,261
Return: $2,415,723 (own at exit: 2.61%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $505,355 (0.55% ownership @ exit)
   Check 2: $516,129 @ $16,000,000 (3.23%)
   Check 2 Returns: $1,910,367 (2.06% ownership @ exit)

Company 78 - $91,852,545 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $18,527,158
Return: $1,924,393 (own at exit: 2.1%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $545,258 (0.59% ownership @ exit)
   Check 2: $516,129 @ $22,000,000 (2.35%)
   Check 2 Returns: $1,379,134 (1.5% ownership @ exit)

Company 38 - $90,719,833 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $20,695,431
Return: $1,707,368 (own at exit: 1.88%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $458,751 (0.51% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $1,248,617 (1.38% ownership @ exit)

Company 70 - $86,716,074 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $16,786,966
Return: $2,045,079 (own at exit: 2.36%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $408,263 (0.47% ownership @ exit)
   Check 2: $516,129 @ $17,500,000 (2.95%)
   Check 2 Returns: $1,636,815 (1.89% ownership @ exit)

Company 96 - $85,299,508 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $17,697,108
Return: $1,871,105 (own at exit: 2.19%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $529,373 (0.62% ownership @ exit)
   Check 2: $516,129 @ $21,000,000 (2.46%)
   Check 2 Returns: $1,341,731 (1.57% ownership @ exit)

Company 108 - $59,847,327 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $20,930,693
Return: $1,394,415 (own at exit: 2.33%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $364,783 (0.61% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $1,029,631 (1.72% ownership @ exit)

Company 104 - $59,582,824 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $21,154,589
Return: $1,375,729 (own at exit: 2.31%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $350,648 (0.59% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $1,025,080 (1.72% ownership @ exit)

Company 41 - $57,632,839 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,955,536
Return: $1,485,135 (own at exit: 2.58%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $378,307 (0.66% ownership @ exit)
   Check 2: $516,129 @ $21,500,000 (2.4%)
   Check 2 Returns: $1,106,827 (1.92% ownership @ exit)

Company 19 - $55,567,732 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,355,514
Return: $1,572,336 (own at exit: 2.83%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $364,752 (0.66% ownership @ exit)
   Check 2: $516,129 @ $19,000,000 (2.72%)
   Check 2 Returns: $1,207,583 (2.17% ownership @ exit)

Company 69 - $54,687,534 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,252,747
Return: $1,450,636 (own at exit: 2.65%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $424,242 (0.78% ownership @ exit)
   Check 2: $516,129 @ $22,000,000 (2.35%)
   Check 2 Returns: $1,026,393 (1.88% ownership @ exit)

Company 13 - $54,482,765 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $16,140,894
Return: $1,667,685 (own at exit: 3.06%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $344,384 (0.63% ownership @ exit)
   Check 2: $516,129 @ $17,000,000 (3.04%)
   Check 2 Returns: $1,323,300 (2.43% ownership @ exit)

Company 26 - $54,447,721 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $20,447,917
Return: $1,294,135 (own at exit: 2.38%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $357,400 (0.66% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $936,734 (1.72% ownership @ exit)

Company 67 - $54,146,562 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $16,847,107
Return: $1,584,331 (own at exit: 2.93%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $342,259 (0.63% ownership @ exit)
   Check 2: $516,129 @ $18,000,000 (2.87%)
   Check 2 Returns: $1,242,071 (2.29% ownership @ exit)

Company 61 - $53,729,499 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $16,317,539
Return: $1,596,188 (own at exit: 2.97%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $458,491 (0.85% ownership @ exit)
   Check 2: $516,129 @ $19,500,000 (2.65%)
   Check 2 Returns: $1,137,696 (2.12% ownership @ exit)

Company 114 - $53,720,904 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,224,138
Return: $1,422,435 (own at exit: 2.65%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $436,588 (0.81% ownership @ exit)
   Check 2: $516,129 @ $22,500,000 (2.29%)
   Check 2 Returns: $985,845 (1.84% ownership @ exit)

Company 50 - $53,082,998 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,147,898
Return: $1,722,263 (own at exit: 3.24%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $393,891 (0.74% ownership @ exit)
   Check 2: $516,129 @ $16,500,000 (3.13%)
   Check 2 Returns: $1,328,372 (2.5% ownership @ exit)

Company 48 - $51,696,558 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $21,367,925
Return: $1,183,499 (own at exit: 2.29%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $294,095 (0.57% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $889,403 (1.72% ownership @ exit)

Company 93 - $51,182,724 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $19,073,684
Return: $1,303,233 (own at exit: 2.55%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $363,966 (0.71% ownership @ exit)
   Check 2: $516,129 @ $22,500,000 (2.29%)
   Check 2 Returns: $939,267 (1.84% ownership @ exit)

Company 27 - $50,946,992 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,482,767
Return: $1,328,662 (own at exit: 2.61%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $414,045 (0.81% ownership @ exit)
   Check 2: $516,129 @ $23,000,000 (2.24%)
   Check 2 Returns: $914,616 (1.8% ownership @ exit)

Company 31 - $50,617,568 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,245,283
Return: $1,738,196 (own at exit: 3.43%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $431,936 (0.85% ownership @ exit)
   Check 2: $516,129 @ $16,000,000 (3.23%)
   Check 2 Returns: $1,306,259 (2.58% ownership @ exit)

Company 97 - $48,887,000 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $20,183,678
Return: $1,171,543 (own at exit: 2.4%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $347,640 (0.71% ownership @ exit)
   Check 2: $516,129 @ $24,500,000 (2.11%)
   Check 2 Returns: $823,902 (1.69% ownership @ exit)

Company 85 - $47,009,365 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,869,521
Return: $1,292,547 (own at exit: 2.75%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $297,145 (0.63% ownership @ exit)
   Check 2: $516,129 @ $19,500,000 (2.65%)
   Check 2 Returns: $995,400 (2.12% ownership @ exit)

Company 1 - $46,857,069 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $19,912,088
Return: $1,139,349 (own at exit: 2.43%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $333,205 (0.71% ownership @ exit)
   Check 2: $516,129 @ $24,000,000 (2.15%)
   Check 2 Returns: $806,143 (1.72% ownership @ exit)

Company 37 - $44,492,218 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,524,164
Return: $1,161,640 (own at exit: 2.61%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $345,151 (0.78% ownership @ exit)
   Check 2: $516,129 @ $22,500,000 (2.29%)
   Check 2 Returns: $816,488 (1.84% ownership @ exit)

Company 21 - $43,996,070 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,063,114
Return: $1,258,059 (own at exit: 2.86%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $326,463 (0.74% ownership @ exit)
   Check 2: $516,129 @ $19,500,000 (2.65%)
   Check 2 Returns: $931,595 (2.12% ownership @ exit)

Company 110 - $43,378,478 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,130,261
Return: $1,415,575 (own at exit: 3.26%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $296,130 (0.68% ownership @ exit)
   Check 2: $516,129 @ $16,000,000 (3.23%)
   Check 2 Returns: $1,119,444 (2.58% ownership @ exit)

Company 33 - $42,839,371 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $19,690,093
Return: $1,065,140 (own at exit: 2.49%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $261,116 (0.61% ownership @ exit)
   Check 2: $516,129 @ $22,000,000 (2.35%)
   Check 2 Returns: $804,023 (1.88% ownership @ exit)

Company 55 - $40,904,860 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,830,044
Return: $1,272,758 (own at exit: 3.11%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $279,243 (0.68% ownership @ exit)
   Check 2: $516,129 @ $17,000,000 (3.04%)
   Check 2 Returns: $993,514 (2.43% ownership @ exit)

Company 111 - $40,901,145 exit after 3 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $317,294 (own at exit: 0.78%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $317,293 (0.78% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.95%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $0 (0.95% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.95%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $0 (0.95% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 88 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% 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 66 - $8,220,868,938 exit after 8 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $21,892,586 (own at exit: 0.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $21,892,586 (0.27% ownership @ exit)

Company 48 - $519,804,225 exit after 5 rounds
Invested: $649,462
Blended Cost Basis: $16,036,892
Return: $10,068,427 (own at exit: 1.94%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $2,838,824 (0.55% ownership @ exit)
   Check 2: $516,129 @ $19,000,000 (2.72%)
   Check 2 Returns: $7,229,603 (1.39% ownership @ exit)

Company 14 - $512,637,038 exit after 5 rounds
Invested: $649,462
Blended Cost Basis: $21,017,131
Return: $7,572,340 (own at exit: 1.48%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $2,153,601 (0.42% ownership @ exit)
   Check 2: $516,129 @ $25,000,000 (2.06%)
   Check 2 Returns: $5,418,738 (1.06% ownership @ exit)

Company 53 - $118,022,178 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $17,412,682
Return: $2,634,179 (own at exit: 2.23%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $732,452 (0.62% ownership @ exit)
   Check 2: $516,129 @ $20,500,000 (2.52%)
   Check 2 Returns: $1,901,726 (1.61% ownership @ exit)

Company 6 - $117,684,853 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $21,680,992
Return: $2,122,289 (own at exit: 1.8%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $535,596 (0.46% ownership @ exit)
   Check 2: $516,129 @ $24,500,000 (2.11%)
   Check 2 Returns: $1,586,692 (1.35% ownership @ exit)

Company 76 - $109,191,979 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $18,252,747
Return: $2,317,133 (own at exit: 2.12%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $677,652 (0.62% ownership @ exit)
   Check 2: $516,129 @ $22,000,000 (2.35%)
   Check 2 Returns: $1,639,480 (1.5% ownership @ exit)

Company 94 - $90,277,290 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $19,406,365
Return: $1,830,892 (own at exit: 2.03%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $410,861 (0.46% ownership @ exit)
   Check 2: $516,129 @ $21,000,000 (2.46%)
   Check 2 Returns: $1,420,029 (1.57% ownership @ exit)

Company 109 - $88,329,512 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $20,210,769
Return: $1,712,625 (own at exit: 1.94%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $415,859 (0.47% ownership @ exit)
   Check 2: $516,129 @ $22,500,000 (2.29%)
   Check 2 Returns: $1,296,765 (1.47% ownership @ exit)

Company 84 - $86,346,712 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $20,734,426
Return: $1,617,605 (own at exit: 1.87%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $453,430 (0.53% ownership @ exit)
   Check 2: $516,129 @ $24,500,000 (2.11%)
   Check 2 Returns: $1,164,174 (1.35% ownership @ exit)

Company 60 - $85,712,581 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $19,636,615
Return: $1,692,409 (own at exit: 1.97%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $487,609 (0.57% ownership @ exit)
   Check 2: $516,129 @ $23,500,000 (2.2%)
   Check 2 Returns: $1,204,800 (1.41% ownership @ exit)

Company 27 - $85,483,717 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $16,867,021
Return: $1,967,640 (own at exit: 2.3%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $555,779 (0.65% ownership @ exit)
   Check 2: $516,129 @ $20,000,000 (2.58%)
   Check 2 Returns: $1,411,860 (1.65% ownership @ exit)

Company 41 - $80,058,108 exit after 4 rounds
Invested: $649,462
Blended Cost Basis: $17,977,095
Return: $1,726,846 (own at exit: 2.16%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $496,845 (0.62% ownership @ exit)
   Check 2: $516,129 @ $21,500,000 (2.4%)
   Check 2 Returns: $1,230,000 (1.54% ownership @ exit)

Company 106 - $57,785,578 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,911,296
Return: $1,918,656 (own at exit: 3.32%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $379,310 (0.66% ownership @ exit)
   Check 2: $516,129 @ $15,500,000 (3.33%)
   Check 2 Returns: $1,539,345 (2.66% ownership @ exit)

Company 112 - $57,549,613 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $19,481,755
Return: $1,443,880 (own at exit: 2.51%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $363,770 (0.63% ownership @ exit)
   Check 2: $516,129 @ $22,000,000 (2.35%)
   Check 2 Returns: $1,080,110 (1.88% ownership @ exit)

Company 59 - $56,514,907 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,665,468
Return: $1,912,909 (own at exit: 3.38%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $357,230 (0.63% ownership @ exit)
   Check 2: $516,129 @ $15,000,000 (3.44%)
   Check 2 Returns: $1,555,679 (2.75% ownership @ exit)

Company 92 - $56,471,686 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,021,561
Return: $1,631,083 (own at exit: 2.89%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $370,685 (0.66% ownership @ exit)
   Check 2: $516,129 @ $18,500,000 (2.79%)
   Check 2 Returns: $1,260,396 (2.23% ownership @ exit)

Company 15 - $53,797,884 exit after 3 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $353,135 (own at exit: 0.66%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $353,134 (0.66% ownership @ exit)

Company 21 - $53,639,115 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,021,561
Return: $1,549,269 (own at exit: 2.89%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $352,092 (0.66% ownership @ exit)
   Check 2: $516,129 @ $18,500,000 (2.79%)
   Check 2 Returns: $1,197,176 (2.23% ownership @ exit)

Company 67 - $53,482,308 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,150,131
Return: $1,541,581 (own at exit: 2.88%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $314,746 (0.59% ownership @ exit)
   Check 2: $516,129 @ $18,000,000 (2.87%)
   Check 2 Returns: $1,226,834 (2.29% ownership @ exit)

Company 88 - $53,214,650 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,013,813
Return: $1,459,180 (own at exit: 2.74%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $302,732 (0.57% ownership @ exit)
   Check 2: $516,129 @ $19,000,000 (2.72%)
   Check 2 Returns: $1,156,447 (2.17% ownership @ exit)

Company 78 - $52,277,795 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,850,066
Return: $1,358,336 (own at exit: 2.6%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $330,447 (0.63% ownership @ exit)
   Check 2: $516,129 @ $21,000,000 (2.46%)
   Check 2 Returns: $1,027,889 (1.97% ownership @ exit)

Company 68 - $50,896,725 exit after 3 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $299,530 (own at exit: 0.59%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $299,530 (0.59% ownership @ exit)

Company 83 - $49,648,343 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,989,938
Return: $1,531,777 (own at exit: 3.09%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $325,896 (0.66% ownership @ exit)
   Check 2: $516,129 @ $17,000,000 (3.04%)
   Check 2 Returns: $1,205,880 (2.43% ownership @ exit)

Company 69 - $49,302,368 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $17,167,305
Return: $1,407,997 (own at exit: 2.86%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $336,570 (0.68% ownership @ exit)
   Check 2: $516,129 @ $19,000,000 (2.72%)
   Check 2 Returns: $1,071,426 (2.17% ownership @ exit)

Company 28 - $48,718,005 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,810,235
Return: $1,618,741 (own at exit: 3.32%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $361,501 (0.74% ownership @ exit)
   Check 2: $516,129 @ $16,000,000 (3.23%)
   Check 2 Returns: $1,257,238 (2.58% ownership @ exit)

Company 29 - $48,248,994 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,557,406
Return: $1,619,129 (own at exit: 3.36%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $411,724 (0.85% ownership @ exit)
   Check 2: $516,129 @ $16,500,000 (3.13%)
   Check 2 Returns: $1,207,403 (2.5% ownership @ exit)

Company 24 - $47,528,180 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $20,398,020
Return: $1,135,512 (own at exit: 2.39%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $300,425 (0.63% ownership @ exit)
   Check 2: $516,129 @ $23,500,000 (2.2%)
   Check 2 Returns: $835,086 (1.76% ownership @ exit)

Company 98 - $45,704,776 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $16,645,669
Return: $1,356,961 (own at exit: 2.97%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $278,581 (0.61% ownership @ exit)
   Check 2: $516,129 @ $17,500,000 (2.95%)
   Check 2 Returns: $1,078,379 (2.36% ownership @ exit)

Company 18 - $45,626,033 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $19,569,368
Return: $1,122,892 (own at exit: 2.46%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $353,947 (0.78% ownership @ exit)
   Check 2: $516,129 @ $24,500,000 (2.11%)
   Check 2 Returns: $768,944 (1.69% ownership @ exit)

Company 56 - $45,624,294 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,166,397
Return: $1,493,473 (own at exit: 3.27%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $278,090 (0.61% ownership @ exit)
   Check 2: $516,129 @ $15,500,000 (3.33%)
   Check 2 Returns: $1,215,381 (2.66% ownership @ exit)

Company 89 - $45,454,016 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,299,084
Return: $1,563,459 (own at exit: 3.44%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $352,612 (0.78% ownership @ exit)
   Check 2: $516,129 @ $15,500,000 (3.33%)
   Check 2 Returns: $1,210,845 (2.66% ownership @ exit)

Company 4 - $43,648,520 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,427,476
Return: $1,156,194 (own at exit: 2.65%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $297,973 (0.68% ownership @ exit)
   Check 2: $516,129 @ $21,000,000 (2.46%)
   Check 2 Returns: $858,219 (1.97% ownership @ exit)

Company 61 - $42,393,776 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $14,783,217
Return: $1,425,369 (own at exit: 3.36%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $258,400 (0.61% ownership @ exit)
   Check 2: $516,129 @ $15,000,000 (3.44%)
   Check 2 Returns: $1,166,968 (2.75% ownership @ exit)

Company 102 - $40,298,750 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $15,147,898
Return: $1,307,482 (own at exit: 3.24%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $299,028 (0.74% ownership @ exit)
   Check 2: $516,129 @ $16,500,000 (3.13%)
   Check 2 Returns: $1,008,453 (2.5% ownership @ exit)

Company 12 - $40,145,712 exit after 3 rounds
Invested: $649,462
Blended Cost Basis: $18,382,609
Return: $1,073,512 (own at exit: 2.67%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $244,697 (0.61% ownership @ exit)
   Check 2: $516,129 @ $20,000,000 (2.58%)
   Check 2 Returns: $828,814 (2.06% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.95%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $0 (0.95% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.95%)
   Check 1: $133,333 @ $14,000,000 (0.95%)
   Check 1 Returns: $0 (0.95% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $133,333 @ $11,500,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.03%)
   Check 1: $133,333 @ $13,000,000 (1.03%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $133,333 @ $15,000,000 (0.89%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.92%)
   Check 1: $133,333 @ $14,500,000 (0.92%)
   Check 1 Returns: $0 (0.92% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.07%)
   Check 1: $133,333 @ $12,500,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 114 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.21%)
   Check 1: $133,333 @ $11,000,000 (1.21%)
   Check 1 Returns: $0 (1.21% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.99%)
   Check 1: $133,333 @ $13,500,000 (0.99%)
   Check 1 Returns: $0 (0.99% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.11%)
   Check 1: $133,333 @ $12,000,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.27%)
   Check 1: $133,333 @ $10,500,000 (1.27%)
   Check 1 Returns: $0 (1.27% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $133,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $133,333 @ $10,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% 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
$32,000,000
Investments
120
Reserve
50%
Follow-on rate
25%
Follow-on Picking
Above Average Picking

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Silicon Valley Seed With Bridge Follow-on Market

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

Company Valuations

Entry Valuation
$10-15M
Follow-on Valuation
$15-25M

Dilution

Dilution Per Round
20%

Outcome Distribution

Probability Exit Rounds
0.1% $10B 8
1% $1B 7
1% $500M 5
5% $100M 4
20% $50M 3
72.9% $0 1