Fork of DVC actual by @Nick_Davidov

Probability of Fund Multiple

1x
99.8%
3x
12.1%
10x
0%

TVPI Distribution

3rd Quartile
1.55
Median
1.79
Top Quartile
2.18

Investments

Initial Check
$173.3K
Follow-on
$302.7K
Blended Cost Basis
$13.5M

Company Ownership

Avg Initial
1.41%
Avg At Exit
1.08%
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 37 - $1,146,409,219 exit after 7 rounds
Invested: $476,036
Blended Cost Basis: $15,995,800
Return: $10,281,409 (own at exit: 0.9%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $3,592,474 (0.31% ownership @ exit)
   Check 2: $302,703 @ $17,000,000 (1.78%)
   Check 2 Returns: $6,688,935 (0.58% ownership @ exit)

Company 101 - $1,026,633,935 exit after 7 rounds
Invested: $476,036
Blended Cost Basis: $14,401,388
Return: $10,059,711 (own at exit: 0.98%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $4,240,772 (0.41% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $5,818,938 (0.57% ownership @ exit)

Company 87 - $115,529,321 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $16,878,521
Return: $1,871,743 (own at exit: 1.62%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $854,403 (0.74% ownership @ exit)
   Check 2: $302,703 @ $22,000,000 (1.38%)
   Check 2 Returns: $1,017,339 (0.88% ownership @ exit)

Company 34 - $109,868,890 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $18,330,250
Return: $1,663,598 (own at exit: 1.51%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $650,033 (0.59% ownership @ exit)
   Check 2: $302,703 @ $21,000,000 (1.44%)
   Check 2 Returns: $1,013,565 (0.92% ownership @ exit)

Company 80 - $105,234,461 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $15,218,158
Return: $1,894,508 (own at exit: 1.8%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $849,018 (0.81% ownership @ exit)
   Check 2: $302,703 @ $19,500,000 (1.55%)
   Check 2 Returns: $1,045,489 (0.99% ownership @ exit)

Company 105 - $102,290,244 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $19,783,619
Return: $1,418,730 (own at exit: 1.39%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $626,063 (0.61% ownership @ exit)
   Check 2: $302,703 @ $25,000,000 (1.21%)
   Check 2 Returns: $792,666 (0.77% ownership @ exit)

Company 88 - $98,941,491 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $16,461,262
Return: $1,631,635 (own at exit: 1.65%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $798,247 (0.81% ownership @ exit)
   Check 2: $302,703 @ $23,000,000 (1.32%)
   Check 2 Returns: $833,387 (0.84% ownership @ exit)

Company 119 - $88,548,488 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $16,039,896
Return: $1,541,569 (own at exit: 1.74%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $561,313 (0.63% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $980,255 (1.11% ownership @ exit)

Company 116 - $82,838,391 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $15,533,612
Return: $1,488,581 (own at exit: 1.8%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $544,565 (0.66% ownership @ exit)
   Check 2: $302,703 @ $17,000,000 (1.78%)
   Check 2 Returns: $944,015 (1.14% ownership @ exit)

Company 72 - $59,644,068 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $20,116,751
Return: $1,018,842 (own at exit: 1.71%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $441,101 (0.74% ownership @ exit)
   Check 2: $302,703 @ $25,000,000 (1.21%)
   Check 2 Returns: $577,741 (0.97% ownership @ exit)

Company 42 - $58,867,208 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,613,812
Return: $1,385,634 (own at exit: 2.35%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $593,666 (1.01% ownership @ exit)
   Check 2: $302,703 @ $18,000,000 (1.68%)
   Check 2 Returns: $791,967 (1.35% ownership @ exit)

Company 54 - $58,121,709 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,244,289
Return: $1,149,254 (own at exit: 1.98%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $537,302 (0.92% ownership @ exit)
   Check 2: $302,703 @ $23,000,000 (1.32%)
   Check 2 Returns: $611,951 (1.05% ownership @ exit)

Company 52 - $57,838,355 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,967,475
Return: $1,102,522 (own at exit: 1.91%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $493,553 (0.85% ownership @ exit)
   Check 2: $302,703 @ $23,000,000 (1.32%)
   Check 2 Returns: $608,967 (1.05% ownership @ exit)

Company 29 - $57,801,055 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $12,913,815
Return: $1,544,253 (own at exit: 2.67%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $641,206 (1.11% ownership @ exit)
   Check 2: $302,703 @ $15,500,000 (1.95%)
   Check 2 Returns: $903,046 (1.56% ownership @ exit)

Company 33 - $57,687,092 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,414,016
Return: $1,210,435 (own at exit: 2.1%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $511,953 (0.89% ownership @ exit)
   Check 2: $302,703 @ $20,000,000 (1.51%)
   Check 2 Returns: $698,481 (1.21% ownership @ exit)

Company 18 - $56,921,190 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,498,751
Return: $1,208,630 (own at exit: 2.12%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $420,963 (0.74% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $787,666 (1.38% ownership @ exit)

Company 46 - $55,391,745 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,482,278
Return: $1,310,288 (own at exit: 2.37%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $585,218 (1.06% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $725,069 (1.31% ownership @ exit)

Company 85 - $55,200,903 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,284,758
Return: $1,325,845 (own at exit: 2.4%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $583,201 (1.06% ownership @ exit)
   Check 2: $302,703 @ $18,000,000 (1.68%)
   Check 2 Returns: $742,642 (1.35% ownership @ exit)

Company 26 - $53,753,786 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,231,525
Return: $1,068,735 (own at exit: 1.99%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $477,046 (0.89% ownership @ exit)
   Check 2: $302,703 @ $22,000,000 (1.38%)
   Check 2 Returns: $591,687 (1.1% ownership @ exit)

Company 63 - $50,018,480 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,482,278
Return: $1,183,183 (own at exit: 2.37%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $528,449 (1.06% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $654,734 (1.31% ownership @ exit)

Company 78 - $49,698,361 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $18,053,252
Return: $953,319 (own at exit: 1.92%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $380,221 (0.77% ownership @ exit)
   Check 2: $302,703 @ $21,000,000 (1.44%)
   Check 2 Returns: $573,098 (1.15% ownership @ exit)

Company 83 - $48,045,408 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,419,199
Return: $1,094,749 (own at exit: 2.28%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $367,574 (0.77% ownership @ exit)
   Check 2: $302,703 @ $16,000,000 (1.89%)
   Check 2 Returns: $727,173 (1.51% ownership @ exit)

Company 77 - $46,957,320 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $18,736,061
Return: $864,641 (own at exit: 1.84%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $359,250 (0.77% ownership @ exit)
   Check 2: $302,703 @ $22,500,000 (1.35%)
   Check 2 Returns: $505,390 (1.08% ownership @ exit)

Company 91 - $46,611,983 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,303,850
Return: $996,437 (own at exit: 2.14%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $369,344 (0.79% ownership @ exit)
   Check 2: $302,703 @ $18,000,000 (1.68%)
   Check 2 Returns: $627,092 (1.35% ownership @ exit)

Company 74 - $45,844,690 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,120,305
Return: $1,066,987 (own at exit: 2.33%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $350,738 (0.77% ownership @ exit)
   Check 2: $302,703 @ $15,500,000 (1.95%)
   Check 2 Returns: $716,248 (1.56% ownership @ exit)

Company 118 - $44,898,179 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,016,698
Return: $912,573 (own at exit: 2.03%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $368,941 (0.82% ownership @ exit)
   Check 2: $302,703 @ $20,000,000 (1.51%)
   Check 2 Returns: $543,631 (1.21% ownership @ exit)

Company 92 - $44,508,527 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,918,009
Return: $1,048,050 (own at exit: 2.35%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $352,677 (0.79% ownership @ exit)
   Check 2: $302,703 @ $15,500,000 (1.95%)
   Check 2 Returns: $695,372 (1.56% ownership @ exit)

Company 114 - $44,437,302 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,545,559
Return: $931,524 (own at exit: 2.1%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $365,153 (0.82% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $566,370 (1.27% ownership @ exit)

Company 0 - $41,340,957 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,561,657
Return: $868,725 (own at exit: 2.1%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $327,577 (0.79% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $541,146 (1.31% ownership @ exit)

Company 36 - $40,512,929 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,884,992
Return: $877,632 (own at exit: 2.17%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $374,519 (0.92% ownership @ exit)
   Check 2: $302,703 @ $19,500,000 (1.55%)
   Check 2 Returns: $503,112 (1.24% ownership @ exit)

Company 32 - $40,319,209 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,310,394
Return: $961,158 (own at exit: 2.38%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $447,274 (1.11% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $513,883 (1.27% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% 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 92 - $1,129,862,330 exit after 7 rounds
Invested: $476,036
Blended Cost Basis: $18,347,222
Return: $8,618,764 (own at exit: 0.76%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $3,949,155 (0.35% ownership @ exit)
   Check 2: $302,703 @ $24,000,000 (1.26%)
   Check 2 Returns: $4,669,609 (0.41% ownership @ exit)

Company 36 - $1,106,539,188 exit after 7 rounds
Invested: $476,036
Blended Cost Basis: $16,941,195
Return: $9,221,645 (own at exit: 0.83%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $3,867,634 (0.35% ownership @ exit)
   Check 2: $302,703 @ $20,500,000 (1.48%)
   Check 2 Returns: $5,354,009 (0.48% ownership @ exit)

Company 64 - $1,039,604,524 exit after 7 rounds
Invested: $476,036
Blended Cost Basis: $15,314,128
Return: $9,801,963 (own at exit: 0.94%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $3,149,190 (0.3% ownership @ exit)
   Check 2: $302,703 @ $15,500,000 (1.95%)
   Check 2 Returns: $6,652,772 (0.64% ownership @ exit)

Company 60 - $109,617,129 exit after 4 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $670,907 (own at exit: 0.61%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $670,907 (0.61% ownership @ exit)

Company 48 - $107,435,162 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $17,051,306
Return: $1,760,682 (own at exit: 1.64%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $635,634 (0.59% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $1,125,047 (1.05% ownership @ exit)

Company 87 - $104,212,468 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $18,210,903
Return: $1,578,292 (own at exit: 1.51%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $660,607 (0.63% ownership @ exit)
   Check 2: $302,703 @ $22,000,000 (1.38%)
   Check 2 Returns: $917,684 (0.88% ownership @ exit)

Company 2 - $101,757,140 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $14,310,394
Return: $1,940,607 (own at exit: 1.91%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $903,060 (0.89% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $1,037,546 (1.02% ownership @ exit)

Company 78 - $101,135,511 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $14,482,278
Return: $1,913,882 (own at exit: 1.89%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $854,803 (0.85% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $1,059,078 (1.05% ownership @ exit)

Company 16 - $90,255,189 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $18,711,048
Return: $1,315,547 (own at exit: 1.46%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $616,142 (0.68% ownership @ exit)
   Check 2: $302,703 @ $25,000,000 (1.21%)
   Check 2 Returns: $699,404 (0.77% ownership @ exit)

Company 46 - $87,041,921 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $18,736,061
Return: $1,282,186 (own at exit: 1.47%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $532,736 (0.61% ownership @ exit)
   Check 2: $302,703 @ $22,500,000 (1.35%)
   Check 2 Returns: $749,449 (0.86% ownership @ exit)

Company 28 - $84,369,914 exit after 4 rounds
Invested: $476,036
Blended Cost Basis: $16,266,364
Return: $1,436,226 (own at exit: 1.7%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $575,965 (0.68% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $860,261 (1.02% ownership @ exit)

Company 84 - $59,358,366 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,070,946
Return: $1,210,670 (own at exit: 2.04%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $454,125 (0.77% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $756,544 (1.27% ownership @ exit)

Company 7 - $58,508,731 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,275,208
Return: $1,328,880 (own at exit: 2.27%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $519,245 (0.89% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $809,634 (1.38% ownership @ exit)

Company 71 - $57,955,894 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,990,679
Return: $1,112,009 (own at exit: 1.92%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $459,231 (0.79% ownership @ exit)
   Check 2: $302,703 @ $21,500,000 (1.41%)
   Check 2 Returns: $652,777 (1.13% ownership @ exit)

Company 31 - $57,655,993 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,324,741
Return: $1,157,107 (own at exit: 2.01%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $441,101 (0.77% ownership @ exit)
   Check 2: $302,703 @ $19,500,000 (1.55%)
   Check 2 Returns: $716,005 (1.24% ownership @ exit)

Company 117 - $57,640,971 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $18,569,950
Return: $1,075,518 (own at exit: 1.87%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $426,287 (0.74% ownership @ exit)
   Check 2: $302,703 @ $21,500,000 (1.41%)
   Check 2 Returns: $649,230 (1.13% ownership @ exit)

Company 26 - $56,832,213 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,813,998
Return: $1,352,307 (own at exit: 2.38%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $434,799 (0.77% ownership @ exit)
   Check 2: $302,703 @ $15,000,000 (2.02%)
   Check 2 Returns: $917,507 (1.61% ownership @ exit)

Company 88 - $56,661,535 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,771,300
Return: $1,093,346 (own at exit: 1.93%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $483,511 (0.85% ownership @ exit)
   Check 2: $302,703 @ $22,500,000 (1.35%)
   Check 2 Returns: $609,834 (1.08% ownership @ exit)

Company 105 - $56,440,254 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,593,785
Return: $1,091,246 (own at exit: 1.93%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $521,758 (0.92% ownership @ exit)
   Check 2: $302,703 @ $24,000,000 (1.26%)
   Check 2 Returns: $569,487 (1.01% ownership @ exit)

Company 9 - $56,013,474 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $19,480,515
Return: $991,457 (own at exit: 1.77%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $414,250 (0.74% ownership @ exit)
   Check 2: $302,703 @ $23,500,000 (1.29%)
   Check 2 Returns: $577,206 (1.03% ownership @ exit)

Company 27 - $55,438,891 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $19,783,619
Return: $961,147 (own at exit: 1.73%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $424,139 (0.77% ownership @ exit)
   Check 2: $302,703 @ $25,000,000 (1.21%)
   Check 2 Returns: $537,008 (0.97% ownership @ exit)

Company 89 - $55,107,011 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,933,078
Return: $1,100,433 (own at exit: 2%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $555,745 (1.01% ownership @ exit)
   Check 2: $302,703 @ $24,500,000 (1.24%)
   Check 2 Returns: $544,687 (0.99% ownership @ exit)

Company 44 - $53,970,426 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,231,525
Return: $1,073,042 (own at exit: 1.99%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $478,969 (0.89% ownership @ exit)
   Check 2: $302,703 @ $22,000,000 (1.38%)
   Check 2 Returns: $594,072 (1.1% ownership @ exit)

Company 94 - $53,924,869 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,034,333
Return: $1,131,209 (own at exit: 2.1%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $598,206 (1.11% ownership @ exit)
   Check 2: $302,703 @ $24,500,000 (1.24%)
   Check 2 Returns: $533,002 (0.99% ownership @ exit)

Company 42 - $52,735,673 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,421,002
Return: $1,030,941 (own at exit: 1.95%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $487,512 (0.92% ownership @ exit)
   Check 2: $302,703 @ $23,500,000 (1.29%)
   Check 2 Returns: $543,429 (1.03% ownership @ exit)

Company 23 - $52,588,507 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,920,313
Return: $1,160,736 (own at exit: 2.21%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $388,921 (0.74% ownership @ exit)
   Check 2: $302,703 @ $16,500,000 (1.83%)
   Check 2 Returns: $771,814 (1.47% ownership @ exit)

Company 57 - $51,628,498 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,727,812
Return: $1,113,753 (own at exit: 2.16%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $545,459 (1.06% ownership @ exit)
   Check 2: $302,703 @ $22,000,000 (1.38%)
   Check 2 Returns: $568,294 (1.1% ownership @ exit)

Company 82 - $51,000,501 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,301,591
Return: $1,086,674 (own at exit: 2.13%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $419,085 (0.82% ownership @ exit)
   Check 2: $302,703 @ $18,500,000 (1.64%)
   Check 2 Returns: $667,588 (1.31% ownership @ exit)

Company 112 - $50,425,668 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,975,228
Return: $1,090,205 (own at exit: 2.16%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $447,510 (0.89% ownership @ exit)
   Check 2: $302,703 @ $19,000,000 (1.59%)
   Check 2 Returns: $642,694 (1.27% ownership @ exit)

Company 115 - $49,529,731 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $14,997,162
Return: $1,143,259 (own at exit: 2.31%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $457,874 (0.92% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $685,384 (1.38% ownership @ exit)

Company 79 - $48,961,331 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $13,490,491
Return: $1,258,708 (own at exit: 2.57%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $493,767 (1.01% ownership @ exit)
   Check 2: $302,703 @ $15,500,000 (1.95%)
   Check 2 Returns: $764,940 (1.56% ownership @ exit)

Company 53 - $48,279,931 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,795,837
Return: $1,064,820 (own at exit: 2.21%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $396,729 (0.82% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $668,089 (1.38% ownership @ exit)

Company 56 - $48,200,768 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $16,274,002
Return: $1,035,758 (own at exit: 2.15%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $368,763 (0.77% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $666,994 (1.38% ownership @ exit)

Company 114 - $47,758,537 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,409,332
Return: $1,059,903 (own at exit: 2.22%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $481,637 (1.01% ownership @ exit)
   Check 2: $302,703 @ $20,000,000 (1.51%)
   Check 2 Returns: $578,265 (1.21% ownership @ exit)

Company 43 - $46,374,003 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $12,975,210
Return: $1,238,614 (own at exit: 2.67%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $489,945 (1.06% ownership @ exit)
   Check 2: $302,703 @ $15,000,000 (2.02%)
   Check 2 Returns: $748,668 (1.61% ownership @ exit)

Company 24 - $46,250,903 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,083,235
Return: $914,442 (own at exit: 1.98%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $466,433 (1.01% ownership @ exit)
   Check 2: $302,703 @ $25,000,000 (1.21%)
   Check 2 Returns: $448,008 (0.97% ownership @ exit)

Company 1 - $43,594,447 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $15,541,176
Return: $975,259 (own at exit: 2.24%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $372,005 (0.85% ownership @ exit)
   Check 2: $302,703 @ $17,500,000 (1.73%)
   Check 2 Returns: $603,252 (1.38% ownership @ exit)

Company 95 - $41,284,904 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $19,244,537
Return: $735,201 (own at exit: 1.78%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $327,133 (0.79% ownership @ exit)
   Check 2: $302,703 @ $24,500,000 (1.24%)
   Check 2 Returns: $408,067 (0.99% ownership @ exit)

Company 51 - $41,158,655 exit after 3 rounds
Invested: $476,036
Blended Cost Basis: $17,684,212
Return: $801,797 (own at exit: 1.95%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $338,212 (0.82% ownership @ exit)
   Check 2: $302,703 @ $21,500,000 (1.41%)
   Check 2 Returns: $463,584 (1.13% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $173,333 @ $12,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.65%)
   Check 1: $173,333 @ $10,500,000 (1.65%)
   Check 1 Returns: $0 (1.65% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $173,333 @ $12,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.24%)
   Check 1: $173,333 @ $14,000,000 (1.24%)
   Check 1 Returns: $0 (1.24% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.16%)
   Check 1: $173,333 @ $15,000,000 (1.16%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.58%)
   Check 1: $173,333 @ $11,000,000 (1.58%)
   Check 1 Returns: $0 (1.58% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.33%)
   Check 1: $173,333 @ $13,000,000 (1.33%)
   Check 1 Returns: $0 (1.33% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $173,333 @ $11,500,000 (1.51%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $173,333 @ $13,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.73%)
   Check 1: $173,333 @ $10,000,000 (1.73%)
   Check 1 Returns: $0 (1.73% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $173,333
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.2%)
   Check 1: $173,333 @ $14,500,000 (1.2%)
   Check 1 Returns: $0 (1.2% 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
35%
Follow-on rate
30%
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

Fork of DVC actual

Portfolio Size
120
Initial Ownership
1.08%
Terminal Ownership
1.29%
Median TVPI
2.15
Chance of 3x
15%
Blended Cost Basis
$14M