DVC v4 by @Nick_Davidov

Probability of Fund Multiple

1x
100%
3x
32.3%
10x
1%

TVPI Distribution

3rd Quartile
2.07
Median
2.54
Top Quartile
3.36

Investments

Initial Check
$160.4K
Follow-on
$393.8K
Blended Cost Basis
$10.2M

Company Ownership

Avg Initial
3.31%
Avg At Exit
4.9%
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 109 - $1,191,131,192 exit after 6 rounds
Invested: $554,167
Blended Cost Basis: $27,937,430
Return: $8,559,655 (own at exit: 0.72%)
   Check 1: $160,417 @ $14,000,000 (1.15%)
   Check 1 Returns: $4,472,300 (0.38% ownership @ exit)
   Check 2: $393,750 @ $47,000,000 (0.84%)
   Check 2 Returns: $4,087,354 (0.34% ownership @ exit)

Company 59 - $1,091,648,717 exit after 6 rounds
Invested: $554,167
Blended Cost Basis: $18,266,570
Return: $11,652,439 (own at exit: 1.07%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $7,651,050 (0.7% ownership @ exit)
   Check 2: $393,750 @ $44,000,000 (0.89%)
   Check 2 Returns: $4,001,388 (0.37% ownership @ exit)

Company 46 - $1,065,017,617 exit after 6 rounds
Invested: $554,167
Blended Cost Basis: $21,497,845
Return: $9,912,143 (own at exit: 0.93%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $5,331,714 (0.5% ownership @ exit)
   Check 2: $393,750 @ $37,500,000 (1.05%)
   Check 2 Returns: $4,580,427 (0.43% ownership @ exit)

Company 33 - $112,463,151 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $16,497,115
Return: $2,197,885 (own at exit: 1.95%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $879,711 (0.78% ownership @ exit)
   Check 2: $393,750 @ $21,500,000 (1.83%)
   Check 2 Returns: $1,318,172 (1.17% ownership @ exit)

Company 3 - $105,650,146 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $6,026,036
Return: $5,133,441 (own at exit: 4.86%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $4,338,699 (4.11% ownership @ exit)
   Check 2: $393,750 @ $33,500,000 (1.18%)
   Check 2 Returns: $794,741 (0.75% ownership @ exit)

Company 6 - $98,701,135 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $18,445,946
Return: $1,627,540 (own at exit: 1.65%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $1,080,887 (1.1% ownership @ exit)
   Check 2: $393,750 @ $45,500,000 (0.87%)
   Check 2 Returns: $546,652 (0.55% ownership @ exit)

Company 105 - $58,768,243 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $16,718,341
Return: $1,326,344 (own at exit: 2.26%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $928,236 (1.58% ownership @ exit)
   Check 2: $393,750 @ $46,500,000 (0.85%)
   Check 2 Returns: $398,107 (0.68% ownership @ exit)

Company 20 - $57,754,692 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $19,107,692
Return: $1,230,209 (own at exit: 2.13%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $439,220 (0.76% ownership @ exit)
   Check 2: $393,750 @ $23,000,000 (1.71%)
   Check 2 Returns: $790,988 (1.37% ownership @ exit)

Company 98 - $57,631,843 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $21,964,441
Return: $1,053,677 (own at exit: 1.83%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $438,286 (0.76% ownership @ exit)
   Check 2: $393,750 @ $29,500,000 (1.33%)
   Check 2 Returns: $615,390 (1.07% ownership @ exit)

Company 80 - $57,301,128 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $7,332,215
Return: $2,876,351 (own at exit: 5.02%)
   Check 1: $160,417 @ $2,500,000 (6.42%)
   Check 1 Returns: $2,353,166 (4.11% ownership @ exit)
   Check 2: $393,750 @ $34,500,000 (1.14%)
   Check 2 Returns: $523,184 (0.91% ownership @ exit)

Company 67 - $57,112,938 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $8,817,680
Return: $2,382,879 (own at exit: 4.17%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $1,954,531 (3.42% ownership @ exit)
   Check 2: $393,750 @ $42,000,000 (0.94%)
   Check 2 Returns: $428,347 (0.75% ownership @ exit)

Company 104 - $56,780,435 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $18,396,567
Return: $1,246,888 (own at exit: 2.2%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $485,788 (0.86% ownership @ exit)
   Check 2: $393,750 @ $23,500,000 (1.68%)
   Check 2 Returns: $761,099 (1.34% ownership @ exit)

Company 7 - $56,197,616 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $21,898,305
Return: $993,486 (own at exit: 1.77%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $576,962 (1.03% ownership @ exit)
   Check 2: $393,750 @ $42,500,000 (0.93%)
   Check 2 Returns: $416,523 (0.74% ownership @ exit)

Company 41 - $55,987,560 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $19,129,841
Return: $1,128,449 (own at exit: 2.02%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $676,241 (1.21% ownership @ exit)
   Check 2: $393,750 @ $39,000,000 (1.01%)
   Check 2 Returns: $452,207 (0.81% ownership @ exit)

Company 1 - $55,939,054 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $7,500,000
Return: $2,732,312 (own at exit: 4.88%)
   Check 1: $160,417 @ $2,500,000 (6.42%)
   Check 1 Returns: $2,297,230 (4.11% ownership @ exit)
   Check 2: $393,750 @ $40,500,000 (0.97%)
   Check 2 Returns: $435,081 (0.78% ownership @ exit)

Company 71 - $55,891,634 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $19,696,025
Return: $1,107,047 (own at exit: 1.98%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $604,021 (1.08% ownership @ exit)
   Check 2: $393,750 @ $35,000,000 (1.12%)
   Check 2 Returns: $503,024 (0.9% ownership @ exit)

Company 63 - $55,862,863 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $18,054,575
Return: $1,192,496 (own at exit: 2.13%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $716,906 (1.28% ownership @ exit)
   Check 2: $393,750 @ $37,000,000 (1.06%)
   Check 2 Returns: $475,589 (0.85% ownership @ exit)

Company 30 - $55,455,492 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $12,760,148
Return: $1,707,745 (own at exit: 3.08%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $875,912 (1.58% ownership @ exit)
   Check 2: $393,750 @ $21,000,000 (1.88%)
   Check 2 Returns: $831,832 (1.5% ownership @ exit)

Company 118 - $51,872,794 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $6,279,933
Return: $2,996,271 (own at exit: 5.78%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $2,662,803 (5.13% ownership @ exit)
   Check 2: $393,750 @ $49,000,000 (0.8%)
   Check 2 Returns: $333,467 (0.64% ownership @ exit)

Company 91 - $51,714,770 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $19,000,000
Return: $1,086,010 (own at exit: 2.1%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $482,671 (0.93% ownership @ exit)
   Check 2: $393,750 @ $27,000,000 (1.46%)
   Check 2 Returns: $603,338 (1.17% ownership @ exit)

Company 86 - $51,512,571 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $14,444,199
Return: $1,415,797 (own at exit: 2.75%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $661,077 (1.28% ownership @ exit)
   Check 2: $393,750 @ $21,500,000 (1.83%)
   Check 2 Returns: $754,719 (1.47% ownership @ exit)

Company 13 - $50,375,964 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $8,735,209
Return: $2,125,710 (own at exit: 4.22%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $1,723,977 (3.42% ownership @ exit)
   Check 2: $393,750 @ $39,500,000 (1%)
   Check 2 Returns: $401,732 (0.8% ownership @ exit)

Company 17 - $49,585,121 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $11,121,951
Return: $1,658,347 (own at exit: 3.34%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $1,272,684 (2.57% ownership @ exit)
   Check 2: $393,750 @ $40,500,000 (0.97%)
   Check 2 Returns: $385,662 (0.78% ownership @ exit)

Company 38 - $49,468,692 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $17,176,417
Return: $1,166,407 (own at exit: 2.36%)
   Check 1: $160,417 @ $11,500,000 (1.39%)
   Check 1 Returns: $441,633 (0.89% ownership @ exit)
   Check 2: $393,750 @ $21,500,000 (1.83%)
   Check 2 Returns: $724,773 (1.47% ownership @ exit)

Company 75 - $48,875,660 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $6,145,343
Return: $2,898,718 (own at exit: 5.93%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $2,508,950 (5.13% ownership @ exit)
   Check 2: $393,750 @ $39,500,000 (1%)
   Check 2 Returns: $389,767 (0.8% ownership @ exit)

Company 10 - $48,791,863 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $23,460,758
Return: $821,824 (own at exit: 1.68%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $400,743 (0.82% ownership @ exit)
   Check 2: $393,750 @ $36,500,000 (1.08%)
   Check 2 Returns: $421,080 (0.86% ownership @ exit)

Company 82 - $48,642,896 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $21,950,557
Return: $863,531 (own at exit: 1.78%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $475,619 (0.98% ownership @ exit)
   Check 2: $393,750 @ $39,500,000 (1%)
   Check 2 Returns: $387,911 (0.8% ownership @ exit)

Company 36 - $48,394,082 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $11,428,571
Return: $1,628,864 (own at exit: 3.37%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $993,691 (2.05% ownership @ exit)
   Check 2: $393,750 @ $24,000,000 (1.64%)
   Check 2 Returns: $635,172 (1.31% ownership @ exit)

Company 49 - $43,543,575 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $26,661,290
Return: $646,981 (own at exit: 1.49%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $308,308 (0.71% ownership @ exit)
   Check 2: $393,750 @ $40,500,000 (0.97%)
   Check 2 Returns: $338,672 (0.78% ownership @ exit)

Company 50 - $42,409,854 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $8,854,108
Return: $1,812,495 (own at exit: 4.27%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $1,244,022 (2.93% ownership @ exit)
   Check 2: $393,750 @ $23,500,000 (1.68%)
   Check 2 Returns: $568,472 (1.34% ownership @ exit)

Company 28 - $41,425,403 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $10,096,859
Return: $1,515,122 (own at exit: 3.66%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $1,215,145 (2.93% ownership @ exit)
   Check 2: $393,750 @ $43,500,000 (0.91%)
   Check 2 Returns: $299,977 (0.72% ownership @ exit)

Company 112 - $41,206,462 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $5,923,382
Return: $2,555,266 (own at exit: 6.2%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $2,115,265 (5.13% ownership @ exit)
   Check 2: $393,750 @ $29,500,000 (1.33%)
   Check 2 Returns: $440,001 (1.07% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.6%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $0 (1.6% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $160,417 @ $11,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.56%)
   Check 1: $160,417 @ $4,500,000 (3.56%)
   Check 1 Returns: $0 (3.56% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.92%)
   Check 1: $160,417 @ $5,500,000 (2.92%)
   Check 1 Returns: $0 (2.92% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.23%)
   Check 1: $160,417 @ $13,000,000 (1.23%)
   Check 1 Returns: $0 (1.23% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $160,417 @ $14,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5.35%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $0 (5.35% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.6%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $0 (1.6% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5.35%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $0 (5.35% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $160,417 @ $14,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.67%)
   Check 1: $160,417 @ $6,000,000 (2.67%)
   Check 1 Returns: $0 (2.67% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.6%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $0 (1.6% ownership @ exit)

Company 64 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $160,417 @ $11,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5.35%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $0 (5.35% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $160,417 @ $11,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 2.01%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $0 (2.01% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 2.01%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $0 (2.01% ownership @ exit)

Company 88 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.6%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $0 (1.6% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 5.35%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $0 (5.35% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $160,417 @ $11,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.92%)
   Check 1: $160,417 @ $5,500,000 (2.92%)
   Check 1 Returns: $0 (2.92% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.56%)
   Check 1: $160,417 @ $4,500,000 (3.56%)
   Check 1 Returns: $0 (3.56% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 114 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% 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 61 - $11,815,035,917 exit after 7 rounds
Invested: $554,167
Blended Cost Basis: $28,781,559
Return: $66,262,904 (own at exit: 0.56%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $33,123,269 (0.28% ownership @ exit)
   Check 2: $393,750 @ $46,000,000 (0.86%)
   Check 2 Returns: $33,139,634 (0.28% ownership @ exit)

Company 73 - $112,680,945 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $7,891,016
Return: $4,293,277 (own at exit: 3.81%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $3,084,953 (2.74% ownership @ exit)
   Check 2: $393,750 @ $23,500,000 (1.68%)
   Check 2 Returns: $1,208,323 (1.07% ownership @ exit)

Company 83 - $92,028,318 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $15,340,886
Return: $1,891,401 (own at exit: 2.06%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $944,824 (1.03% ownership @ exit)
   Check 2: $393,750 @ $24,500,000 (1.61%)
   Check 2 Returns: $946,576 (1.03% ownership @ exit)

Company 93 - $87,144,848 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $24,758,687
Return: $1,115,798 (own at exit: 1.28%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $530,184 (0.61% ownership @ exit)
   Check 2: $393,750 @ $37,500,000 (1.05%)
   Check 2 Returns: $585,613 (0.67% ownership @ exit)

Company 48 - $87,061,090 exit after 4 rounds
Invested: $554,167
Blended Cost Basis: $11,934,034
Return: $2,190,105 (own at exit: 2.52%)
   Check 1: $160,417 @ $4,500,000 (3.56%)
   Check 1 Returns: $1,589,026 (1.83% ownership @ exit)
   Check 2: $393,750 @ $36,500,000 (1.08%)
   Check 2 Returns: $601,079 (0.69% ownership @ exit)

Company 72 - $53,989,869 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $29,139,423
Return: $725,845 (own at exit: 1.34%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $382,273 (0.71% ownership @ exit)
   Check 2: $393,750 @ $49,500,000 (0.8%)
   Check 2 Returns: $343,571 (0.64% ownership @ exit)

Company 17 - $53,785,599 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $7,673,077
Return: $2,647,447 (own at exit: 4.92%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $1,840,662 (3.42% ownership @ exit)
   Check 2: $393,750 @ $21,000,000 (1.88%)
   Check 2 Returns: $806,783 (1.5% ownership @ exit)

Company 51 - $52,945,893 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $22,055,754
Return: $970,523 (own at exit: 1.83%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $374,881 (0.71% ownership @ exit)
   Check 2: $393,750 @ $28,000,000 (1.41%)
   Check 2 Returns: $595,641 (1.12% ownership @ exit)

Company 112 - $52,327,203 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $18,204,846
Return: $1,095,222 (own at exit: 2.09%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $716,301 (1.37% ownership @ exit)
   Check 2: $393,750 @ $43,500,000 (0.91%)
   Check 2 Returns: $378,921 (0.72% ownership @ exit)

Company 8 - $51,878,306 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $16,763,899
Return: $1,167,106 (own at exit: 2.25%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $819,411 (1.58% ownership @ exit)
   Check 2: $393,750 @ $47,000,000 (0.84%)
   Check 2 Returns: $347,695 (0.67% ownership @ exit)

Company 64 - $51,557,004 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $18,686,657
Return: $1,057,757 (own at exit: 2.05%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $661,648 (1.28% ownership @ exit)
   Check 2: $393,750 @ $41,000,000 (0.96%)
   Check 2 Returns: $396,108 (0.77% ownership @ exit)

Company 7 - $50,435,506 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $15,721,493
Return: $1,292,789 (own at exit: 2.56%)
   Check 1: $160,417 @ $10,000,000 (1.6%)
   Check 1 Returns: $517,804 (1.03% ownership @ exit)
   Check 2: $393,750 @ $20,500,000 (1.92%)
   Check 2 Returns: $774,984 (1.54% ownership @ exit)

Company 18 - $49,873,190 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $16,809,074
Return: $1,173,157 (own at exit: 2.35%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $568,923 (1.14% ownership @ exit)
   Check 2: $393,750 @ $26,000,000 (1.51%)
   Check 2 Returns: $604,232 (1.21% ownership @ exit)

Company 39 - $49,397,203 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $14,560,000
Return: $1,322,958 (own at exit: 2.68%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $724,492 (1.47% ownership @ exit)
   Check 2: $393,750 @ $26,000,000 (1.51%)
   Check 2 Returns: $598,466 (1.21% ownership @ exit)

Company 21 - $46,806,931 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $23,130,435
Return: $787,917 (own at exit: 1.68%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $436,864 (0.93% ownership @ exit)
   Check 2: $393,750 @ $42,000,000 (0.94%)
   Check 2 Returns: $351,051 (0.75% ownership @ exit)

Company 82 - $46,678,757 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $28,635,120
Return: $640,061 (own at exit: 1.37%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $330,507 (0.71% ownership @ exit)
   Check 2: $393,750 @ $47,500,000 (0.83%)
   Check 2 Returns: $309,553 (0.66% ownership @ exit)

Company 74 - $46,509,754 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $25,200,494
Return: $722,711 (own at exit: 1.55%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $382,000 (0.82% ownership @ exit)
   Check 2: $393,750 @ $43,000,000 (0.92%)
   Check 2 Returns: $340,710 (0.73% ownership @ exit)

Company 95 - $46,444,397 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $23,162,775
Return: $793,576 (own at exit: 1.71%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $381,463 (0.82% ownership @ exit)
   Check 2: $393,750 @ $35,500,000 (1.11%)
   Check 2 Returns: $412,112 (0.89% ownership @ exit)

Company 47 - $45,885,187 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $7,692,308
Return: $2,173,428 (own at exit: 4.74%)
   Check 1: $160,417 @ $2,500,000 (6.42%)
   Check 1 Returns: $1,884,351 (4.11% ownership @ exit)
   Check 2: $393,750 @ $50,000,000 (0.79%)
   Check 2 Returns: $289,076 (0.63% ownership @ exit)

Company 46 - $45,540,672 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $17,378,049
Return: $1,005,943 (own at exit: 2.21%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $623,401 (1.37% ownership @ exit)
   Check 2: $393,750 @ $37,500,000 (1.05%)
   Check 2 Returns: $382,541 (0.84% ownership @ exit)

Company 23 - $44,496,100 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $8,717,647
Return: $1,882,147 (own at exit: 4.23%)
   Check 1: $160,417 @ $3,000,000 (5.35%)
   Check 1 Returns: $1,522,755 (3.42% ownership @ exit)
   Check 2: $393,750 @ $39,000,000 (1.01%)
   Check 2 Returns: $359,391 (0.81% ownership @ exit)

Company 32 - $42,501,870 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $19,381,762
Return: $899,451 (own at exit: 2.12%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $290,901 (0.68% ownership @ exit)
   Check 2: $393,750 @ $22,000,000 (1.79%)
   Check 2 Returns: $608,549 (1.43% ownership @ exit)

Company 31 - $42,237,645 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $22,335,878
Return: $739,799 (own at exit: 1.75%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $394,218 (0.93% ownership @ exit)
   Check 2: $393,750 @ $38,500,000 (1.02%)
   Check 2 Returns: $345,580 (0.82% ownership @ exit)

Company 25 - $41,073,743 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $3,215,385
Return: $4,608,972 (own at exit: 11.22%)
   Check 1: $160,417 @ $1,000,000 (16.04%)
   Check 1 Returns: $4,216,904 (10.27% ownership @ exit)
   Check 2: $393,750 @ $33,000,000 (1.19%)
   Check 2 Returns: $392,067 (0.95% ownership @ exit)

Company 57 - $40,895,388 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $25,865,349
Return: $628,559 (own at exit: 1.54%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $289,558 (0.71% ownership @ exit)
   Check 2: $393,750 @ $38,000,000 (1.04%)
   Check 2 Returns: $339,001 (0.83% ownership @ exit)

Company 102 - $40,688,842 exit after 3 rounds
Invested: $554,167
Blended Cost Basis: $4,789,916
Return: $3,069,747 (own at exit: 7.54%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $2,784,925 (6.84% ownership @ exit)
   Check 2: $393,750 @ $45,000,000 (0.88%)
   Check 2 Returns: $284,821 (0.7% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.23%)
   Check 1: $160,417 @ $13,000,000 (1.23%)
   Check 1 Returns: $0 (1.23% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 16.04%)
   Check 1: $160,417 @ $1,000,000 (16.04%)
   Check 1 Returns: $0 (16.04% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 2.01%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $0 (2.01% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.23%)
   Check 1: $160,417 @ $13,000,000 (1.23%)
   Check 1 Returns: $0 (1.23% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 3.56%)
   Check 1: $160,417 @ $4,500,000 (3.56%)
   Check 1 Returns: $0 (3.56% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,500,000
Return: $0 (own at exit: 10.69%)
   Check 1: $160,417 @ $1,500,000 (10.69%)
   Check 1 Returns: $0 (10.69% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 16.04%)
   Check 1: $160,417 @ $1,000,000 (16.04%)
   Check 1 Returns: $0 (16.04% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 16.04%)
   Check 1: $160,417 @ $1,000,000 (16.04%)
   Check 1 Returns: $0 (16.04% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.92%)
   Check 1: $160,417 @ $5,500,000 (2.92%)
   Check 1 Returns: $0 (2.92% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 6.42%)
   Check 1: $160,417 @ $2,500,000 (6.42%)
   Check 1 Returns: $0 (6.42% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 2.92%)
   Check 1: $160,417 @ $5,500,000 (2.92%)
   Check 1 Returns: $0 (2.92% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.67%)
   Check 1: $160,417 @ $6,000,000 (2.67%)
   Check 1 Returns: $0 (2.67% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 2.01%)
   Check 1: $160,417 @ $8,000,000 (2.01%)
   Check 1 Returns: $0 (2.01% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 16.04%)
   Check 1: $160,417 @ $1,000,000 (16.04%)
   Check 1 Returns: $0 (16.04% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 6.42%)
   Check 1: $160,417 @ $2,500,000 (6.42%)
   Check 1 Returns: $0 (6.42% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 75 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.53%)
   Check 1: $160,417 @ $10,500,000 (1.53%)
   Check 1 Returns: $0 (1.53% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 3.21%)
   Check 1: $160,417 @ $5,000,000 (3.21%)
   Check 1 Returns: $0 (3.21% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.07%)
   Check 1: $160,417 @ $15,000,000 (1.07%)
   Check 1 Returns: $0 (1.07% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 88 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.11%)
   Check 1: $160,417 @ $14,500,000 (1.11%)
   Check 1 Returns: $0 (1.11% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $160,417 @ $3,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $160,417 @ $14,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $160,417 @ $12,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.78%)
   Check 1: $160,417 @ $9,000,000 (1.78%)
   Check 1 Returns: $0 (1.78% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 2.47%)
   Check 1: $160,417 @ $6,500,000 (2.47%)
   Check 1 Returns: $0 (2.47% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 8.02%)
   Check 1: $160,417 @ $2,000,000 (8.02%)
   Check 1 Returns: $0 (8.02% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.15%)
   Check 1: $160,417 @ $14,000,000 (1.15%)
   Check 1 Returns: $0 (1.15% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.89%)
   Check 1: $160,417 @ $8,500,000 (1.89%)
   Check 1 Returns: $0 (1.89% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 2.67%)
   Check 1: $160,417 @ $6,000,000 (2.67%)
   Check 1 Returns: $0 (2.67% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.69%)
   Check 1: $160,417 @ $9,500,000 (1.69%)
   Check 1 Returns: $0 (1.69% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 4.01%)
   Check 1: $160,417 @ $4,000,000 (4.01%)
   Check 1 Returns: $0 (4.01% ownership @ exit)

Company 114 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.28%)
   Check 1: $160,417 @ $12,500,000 (1.28%)
   Check 1 Returns: $0 (1.28% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 2.14%)
   Check 1: $160,417 @ $7,500,000 (2.14%)
   Check 1 Returns: $0 (2.14% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.19%)
   Check 1: $160,417 @ $13,500,000 (1.19%)
   Check 1 Returns: $0 (1.19% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.46%)
   Check 1: $160,417 @ $11,000,000 (1.46%)
   Check 1 Returns: $0 (1.46% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $160,417
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 2.29%)
   Check 1: $160,417 @ $7,000,000 (2.29%)
   Check 1 Returns: $0 (2.29% 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
$35,000,000
Investments
120
Reserve
45%
Follow-on rate
33%
Follow-on Picking
Above Average Picking

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Silicon Valley Seed Market

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

Company Valuations

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

Dilution

Dilution Per Round
20%

Outcome Distribution

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