DVC 50% dp by @Nick_Davidov

Probability of Fund Multiple

1x
100%
3x
16%
10x
0%

TVPI Distribution

3rd Quartile
1.90
Median
2.21
Top Quartile
2.63

Investments

Initial Check
$187.5K
Follow-on
$725.8K
Blended Cost Basis
$13.8M

Company Ownership

Avg Initial
1.52%
Avg At Exit
1.77%
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 88 - $1,192,410,351 exit after 7 rounds
Invested: $913,306
Blended Cost Basis: $15,460,751
Return: $21,616,138 (own at exit: 1.81%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $5,860,935 (0.49% ownership @ exit)
   Check 2: $725,806 @ $18,000,000 (4.03%)
   Check 2 Returns: $15,755,202 (1.32% ownership @ exit)

Company 33 - $1,114,806,268 exit after 7 rounds
Invested: $913,306
Blended Cost Basis: $13,927,403
Return: $22,585,102 (own at exit: 2.03%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $5,479,495 (0.49% ownership @ exit)
   Check 2: $725,806 @ $15,500,000 (4.68%)
   Check 2 Returns: $17,105,605 (1.53% ownership @ exit)

Company 98 - $58,186,751 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,171,971
Return: $2,489,213 (own at exit: 4.28%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $558,592 (0.96% ownership @ exit)
   Check 2: $725,806 @ $17,500,000 (4.15%)
   Check 2 Returns: $1,930,620 (3.32% ownership @ exit)

Company 75 - $57,927,455 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $21,680,992
Return: $1,836,289 (own at exit: 3.17%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $463,419 (0.8% ownership @ exit)
   Check 2: $725,806 @ $24,500,000 (2.96%)
   Check 2 Returns: $1,372,869 (2.37% ownership @ exit)

Company 68 - $57,636,740 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,624,317
Return: $2,735,496 (own at exit: 4.75%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $576,367 (1% ownership @ exit)
   Check 2: $725,806 @ $15,500,000 (4.68%)
   Check 2 Returns: $2,159,128 (3.75% ownership @ exit)

Company 3 - $57,143,990 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,791,262
Return: $1,982,630 (own at exit: 3.47%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $507,946 (0.89% ownership @ exit)
   Check 2: $725,806 @ $22,500,000 (3.23%)
   Check 2 Returns: $1,474,683 (2.58% ownership @ exit)

Company 91 - $56,964,344 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,743,564
Return: $1,994,137 (own at exit: 3.5%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $455,714 (0.8% ownership @ exit)
   Check 2: $725,806 @ $21,500,000 (3.38%)
   Check 2 Returns: $1,538,421 (2.7% ownership @ exit)

Company 28 - $54,781,772 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,547,056
Return: $2,309,358 (own at exit: 4.22%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $438,254 (0.8% ownership @ exit)
   Check 2: $725,806 @ $17,000,000 (4.27%)
   Check 2 Returns: $1,871,104 (3.42% ownership @ exit)

Company 64 - $54,028,129 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,313,953
Return: $1,896,530 (own at exit: 3.51%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $589,397 (1.09% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,307,132 (2.42% ownership @ exit)

Company 71 - $53,902,219 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $20,930,693
Return: $1,766,105 (own at exit: 3.28%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $462,019 (0.86% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,304,085 (2.42% ownership @ exit)

Company 107 - $53,812,968 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $18,791,441
Return: $1,945,583 (own at exit: 3.62%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $587,050 (1.09% ownership @ exit)
   Check 2: $725,806 @ $23,000,000 (3.16%)
   Check 2 Returns: $1,358,532 (2.52% ownership @ exit)

Company 74 - $53,420,528 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $18,791,441
Return: $1,931,394 (own at exit: 3.62%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $582,769 (1.09% ownership @ exit)
   Check 2: $725,806 @ $23,000,000 (3.16%)
   Check 2 Returns: $1,348,624 (2.52% ownership @ exit)

Company 18 - $53,082,115 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,635,771
Return: $2,357,981 (own at exit: 4.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $489,988 (0.92% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,867,992 (3.52% ownership @ exit)

Company 59 - $53,080,385 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,230,238
Return: $1,906,946 (own at exit: 3.59%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $439,285 (0.83% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,467,660 (2.76% ownership @ exit)

Company 96 - $51,656,010 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,021,561
Return: $2,098,112 (own at exit: 4.06%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $476,824 (0.92% ownership @ exit)
   Check 2: $725,806 @ $18,500,000 (3.92%)
   Check 2 Returns: $1,621,287 (3.14% ownership @ exit)

Company 65 - $51,354,791 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,000,000
Return: $2,398,766 (own at exit: 4.67%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $410,838 (0.8% ownership @ exit)
   Check 2: $725,806 @ $15,000,000 (4.84%)
   Check 2 Returns: $1,987,927 (3.87% ownership @ exit)

Company 55 - $49,783,571 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,921,025
Return: $2,050,074 (own at exit: 4.12%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $398,268 (0.8% ownership @ exit)
   Check 2: $725,806 @ $17,500,000 (4.15%)
   Check 2 Returns: $1,651,805 (3.32% ownership @ exit)

Company 42 - $49,138,547 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,365,000
Return: $1,939,353 (own at exit: 3.95%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $512,750 (1.04% ownership @ exit)
   Check 2: $725,806 @ $20,000,000 (3.63%)
   Check 2 Returns: $1,426,602 (2.9% ownership @ exit)

Company 25 - $47,452,360 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,557,406
Return: $2,239,306 (own at exit: 4.72%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $569,428 (1.2% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,669,877 (3.52% ownership @ exit)

Company 60 - $45,748,144 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,694,394
Return: $1,758,345 (own at exit: 3.84%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $522,835 (1.14% ownership @ exit)
   Check 2: $725,806 @ $21,500,000 (3.38%)
   Check 2 Returns: $1,235,508 (2.7% ownership @ exit)

Company 97 - $44,825,710 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,665,468
Return: $2,133,640 (own at exit: 4.76%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $398,450 (0.89% ownership @ exit)
   Check 2: $725,806 @ $15,000,000 (4.84%)
   Check 2 Returns: $1,735,188 (3.87% ownership @ exit)

Company 39 - $44,668,588 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,147,898
Return: $2,038,022 (own at exit: 4.56%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $466,107 (1.04% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,571,915 (3.52% ownership @ exit)

Company 113 - $43,967,307 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,821,002
Return: $1,500,820 (own at exit: 3.41%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $479,643 (1.09% ownership @ exit)
   Check 2: $725,806 @ $25,000,000 (2.9%)
   Check 2 Returns: $1,021,176 (2.32% ownership @ exit)

Company 52 - $42,782,175 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,636,615
Return: $1,484,897 (own at exit: 3.47%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $427,821 (1% ownership @ exit)
   Check 2: $725,806 @ $23,500,000 (3.09%)
   Check 2 Returns: $1,057,075 (2.47% ownership @ exit)

Company 32 - $42,413,605 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $20,447,917
Return: $1,417,646 (own at exit: 3.34%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $391,510 (0.92% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,026,135 (2.42% ownership @ exit)

Company 37 - $42,005,136 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,840,487
Return: $1,721,632 (own at exit: 4.1%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $403,249 (0.96% ownership @ exit)
   Check 2: $725,806 @ $18,500,000 (3.92%)
   Check 2 Returns: $1,318,382 (3.14% ownership @ exit)

Company 26 - $41,010,051 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,634,361
Return: $1,935,650 (own at exit: 4.72%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $447,382 (1.09% ownership @ exit)
   Check 2: $725,806 @ $16,000,000 (4.54%)
   Check 2 Returns: $1,488,267 (3.63% ownership @ exit)

Company 1 - $40,434,231 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,354,781
Return: $1,615,657 (own at exit: 4%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $346,579 (0.86% ownership @ exit)
   Check 2: $725,806 @ $18,500,000 (3.92%)
   Check 2 Returns: $1,269,077 (3.14% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 69 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 70 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 77 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 82 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 83 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 85 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 86 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 89 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 90 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 105 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 108 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 109 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 111 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 114 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 116 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 117 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 119 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% 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.

show/hide details

Top Quartile Fund Portfolio

Company 85 - $1,134,702,725 exit after 7 rounds
Invested: $913,306
Blended Cost Basis: $14,810,235
Return: $21,716,625 (own at exit: 1.91%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $4,849,818 (0.43% ownership @ exit)
   Check 2: $725,806 @ $16,000,000 (4.54%)
   Check 2 Returns: $16,866,806 (1.49% ownership @ exit)

Company 33 - $1,108,850,844 exit after 7 rounds
Invested: $913,306
Blended Cost Basis: $17,684,685
Return: $17,716,608 (own at exit: 1.6%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $4,192,479 (0.38% ownership @ exit)
   Check 2: $725,806 @ $19,500,000 (3.72%)
   Check 2 Returns: $13,524,128 (1.22% ownership @ exit)

Company 70 - $1,103,851,253 exit after 7 rounds
Invested: $913,306
Blended Cost Basis: $15,460,751
Return: $20,010,729 (own at exit: 1.81%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $5,425,649 (0.49% ownership @ exit)
   Check 2: $725,806 @ $18,000,000 (4.03%)
   Check 2 Returns: $14,585,079 (1.32% ownership @ exit)

Company 116 - $117,856,140 exit after 4 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $1,028,563 (own at exit: 0.87%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $1,028,562 (0.87% ownership @ exit)

Company 51 - $112,175,357 exit after 4 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $978,985 (own at exit: 0.87%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $978,984 (0.87% ownership @ exit)

Company 119 - $99,305,885 exit after 4 rounds
Invested: $913,306
Blended Cost Basis: $19,313,953
Return: $2,788,719 (own at exit: 2.81%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $866,669 (0.87% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,922,049 (1.94% ownership @ exit)

Company 21 - $87,411,829 exit after 4 rounds
Invested: $913,306
Blended Cost Basis: $17,592,233
Return: $2,729,505 (own at exit: 3.12%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $699,294 (0.8% ownership @ exit)
   Check 2: $725,806 @ $20,000,000 (3.63%)
   Check 2 Returns: $2,030,210 (2.32% ownership @ exit)

Company 75 - $83,964,728 exit after 4 rounds
Invested: $913,306
Blended Cost Basis: $20,187,166
Return: $2,269,973 (own at exit: 2.7%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $644,849 (0.77% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,625,123 (1.94% ownership @ exit)

Company 77 - $58,757,569 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,168,073
Return: $2,537,776 (own at exit: 4.32%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $470,060 (0.8% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $2,067,715 (3.52% ownership @ exit)

Company 6 - $58,709,788 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $18,644,505
Return: $2,165,249 (own at exit: 3.69%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $541,936 (0.92% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,623,312 (2.76% ownership @ exit)

Company 117 - $58,406,358 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $18,382,609
Return: $2,196,294 (own at exit: 3.76%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $500,625 (0.86% ownership @ exit)
   Check 2: $725,806 @ $20,000,000 (3.63%)
   Check 2 Returns: $1,695,668 (2.9% ownership @ exit)

Company 31 - $57,991,755 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,780,084
Return: $2,556,248 (own at exit: 4.41%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $515,482 (0.89% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $2,040,765 (3.52% ownership @ exit)

Company 90 - $57,294,166 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,406,365
Return: $2,042,524 (own at exit: 3.56%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $458,353 (0.8% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,584,170 (2.76% ownership @ exit)

Company 25 - $56,442,194 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,365,000
Return: $2,227,606 (own at exit: 3.95%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $588,962 (1.04% ownership @ exit)
   Check 2: $725,806 @ $20,000,000 (3.63%)
   Check 2 Returns: $1,638,644 (2.9% ownership @ exit)

Company 7 - $55,499,604 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,313,953
Return: $1,948,183 (own at exit: 3.51%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $605,450 (1.09% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,342,732 (2.42% ownership @ exit)

Company 45 - $53,103,510 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,489,309
Return: $2,091,040 (own at exit: 3.94%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $509,793 (0.96% ownership @ exit)
   Check 2: $725,806 @ $19,500,000 (3.72%)
   Check 2 Returns: $1,581,245 (2.98% ownership @ exit)

Company 114 - $52,167,592 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,557,406
Return: $2,461,821 (own at exit: 4.72%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $626,011 (1.2% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,835,809 (3.52% ownership @ exit)

Company 27 - $51,420,553 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,423,077
Return: $2,009,430 (own at exit: 3.91%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $587,663 (1.14% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,421,766 (2.76% ownership @ exit)

Company 105 - $51,168,224 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,634,361
Return: $2,415,110 (own at exit: 4.72%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $558,198 (1.09% ownership @ exit)
   Check 2: $725,806 @ $16,000,000 (4.54%)
   Check 2 Returns: $1,856,911 (3.63% ownership @ exit)

Company 69 - $50,051,244 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,885,137
Return: $1,708,478 (own at exit: 3.41%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $522,273 (1.04% ownership @ exit)
   Check 2: $725,806 @ $24,500,000 (2.96%)
   Check 2 Returns: $1,186,204 (2.37% ownership @ exit)

Company 83 - $49,767,019 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,533,499
Return: $1,963,267 (own at exit: 3.94%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $442,373 (0.89% ownership @ exit)
   Check 2: $725,806 @ $19,000,000 (3.82%)
   Check 2 Returns: $1,520,893 (3.06% ownership @ exit)

Company 111 - $48,796,216 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,989,938
Return: $2,117,091 (own at exit: 4.34%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $450,426 (0.92% ownership @ exit)
   Check 2: $725,806 @ $17,000,000 (4.27%)
   Check 2 Returns: $1,666,663 (3.42% ownership @ exit)

Company 64 - $48,301,101 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,292,320
Return: $2,028,107 (own at exit: 4.2%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $552,012 (1.14% ownership @ exit)
   Check 2: $725,806 @ $19,000,000 (3.82%)
   Check 2 Returns: $1,476,094 (3.06% ownership @ exit)

Company 19 - $47,852,004 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $17,651,435
Return: $1,837,180 (own at exit: 3.84%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $574,224 (1.2% ownership @ exit)
   Check 2: $725,806 @ $22,000,000 (3.3%)
   Check 2 Returns: $1,262,956 (2.64% ownership @ exit)

Company 46 - $47,378,268 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,624,317
Return: $2,248,619 (own at exit: 4.75%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $473,782 (1% ownership @ exit)
   Check 2: $725,806 @ $15,500,000 (4.68%)
   Check 2 Returns: $1,774,836 (3.75% ownership @ exit)

Company 89 - $47,341,511 exit after 3 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $541,046 (own at exit: 1.14%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $541,045 (1.14% ownership @ exit)

Company 57 - $47,192,581 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $15,780,084
Return: $2,080,226 (own at exit: 4.41%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $419,489 (0.89% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,660,735 (3.52% ownership @ exit)

Company 48 - $46,302,085 exit after 3 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $427,404 (own at exit: 0.92%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $427,403 (0.92% ownership @ exit)

Company 82 - $45,414,573 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $18,197,991
Return: $1,709,848 (own at exit: 3.76%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $454,145 (1% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,255,702 (2.76% ownership @ exit)

Company 109 - $44,570,801 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $20,096,657
Return: $1,521,394 (own at exit: 3.41%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $396,184 (0.89% ownership @ exit)
   Check 2: $725,806 @ $23,000,000 (3.16%)
   Check 2 Returns: $1,125,209 (2.52% ownership @ exit)

Company 54 - $42,432,273 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,073,684
Return: $1,519,349 (own at exit: 3.58%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $424,322 (1% ownership @ exit)
   Check 2: $725,806 @ $22,500,000 (3.23%)
   Check 2 Returns: $1,095,026 (2.58% ownership @ exit)

Company 59 - $42,179,264 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,168,073
Return: $1,821,748 (own at exit: 4.32%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $337,434 (0.8% ownership @ exit)
   Check 2: $725,806 @ $16,500,000 (4.4%)
   Check 2 Returns: $1,484,314 (3.52% ownership @ exit)

Company 2 - $42,035,955 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $19,406,365
Return: $1,498,572 (own at exit: 3.56%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $336,287 (0.8% ownership @ exit)
   Check 2: $725,806 @ $21,000,000 (3.46%)
   Check 2 Returns: $1,162,284 (2.76% ownership @ exit)

Company 86 - $41,674,099 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $20,930,693
Return: $1,365,451 (own at exit: 3.28%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $357,206 (0.86% ownership @ exit)
   Check 2: $725,806 @ $24,000,000 (3.02%)
   Check 2 Returns: $1,008,244 (2.42% ownership @ exit)

Company 11 - $41,503,880 exit after 3 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $332,031 (own at exit: 0.8%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $332,031 (0.8% ownership @ exit)

Company 108 - $40,732,896 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $14,117,886
Return: $2,001,796 (own at exit: 4.91%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $425,038 (1.04% ownership @ exit)
   Check 2: $725,806 @ $15,000,000 (4.84%)
   Check 2 Returns: $1,576,757 (3.87% ownership @ exit)

Company 8 - $40,593,618 exit after 3 rounds
Invested: $913,306
Blended Cost Basis: $16,317,539
Return: $1,695,866 (own at exit: 4.18%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $487,123 (1.2% ownership @ exit)
   Check 2: $725,806 @ $19,500,000 (3.72%)
   Check 2 Returns: $1,208,742 (2.98% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 60 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 61 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 62 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 63 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 65 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 66 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.29%)
   Check 1: $187,500 @ $14,500,000 (1.29%)
   Check 1 Returns: $0 (1.29% ownership @ exit)

Company 67 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 68 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 71 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 72 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 73 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 74 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 1.7%)
   Check 1: $187,500 @ $11,000,000 (1.7%)
   Check 1 Returns: $0 (1.7% ownership @ exit)

Company 76 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 78 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 79 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 80 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 81 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 84 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 87 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 88 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 91 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 92 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 93 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 94 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 95 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 96 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 1.5%)
   Check 1: $187,500 @ $12,500,000 (1.5%)
   Check 1 Returns: $0 (1.5% ownership @ exit)

Company 97 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 98 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.25%)
   Check 1: $187,500 @ $15,000,000 (1.25%)
   Check 1 Returns: $0 (1.25% ownership @ exit)

Company 99 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 100 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 101 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 1.88%)
   Check 1: $187,500 @ $10,000,000 (1.88%)
   Check 1 Returns: $0 (1.88% ownership @ exit)

Company 102 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 103 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% ownership @ exit)

Company 104 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 106 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $187,500 @ $10,500,000 (1.79%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 107 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 1.56%)
   Check 1: $187,500 @ $12,000,000 (1.56%)
   Check 1 Returns: $0 (1.56% ownership @ exit)

Company 110 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 1.44%)
   Check 1: $187,500 @ $13,000,000 (1.44%)
   Check 1 Returns: $0 (1.44% ownership @ exit)

Company 112 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 113 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 1.63%)
   Check 1: $187,500 @ $11,500,000 (1.63%)
   Check 1 Returns: $0 (1.63% ownership @ exit)

Company 115 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 1.34%)
   Check 1: $187,500 @ $14,000,000 (1.34%)
   Check 1 Returns: $0 (1.34% ownership @ exit)

Company 118 - $0 exit after 1 rounds
Invested: $187,500
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.39%)
   Check 1: $187,500 @ $13,500,000 (1.39%)
   Check 1 Returns: $0 (1.39% 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
$45,000,000
Investments
120
Reserve
50%
Follow-on rate
25%
Follow-on Picking
Above Average Picking

Fork this model

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