n by @AkashVaswani7

Probability of Fund Multiple

1x
100%
3x
70.9%
10x
30.2%

TVPI Distribution

3rd Quartile
2.76
Median
4.89
Top Quartile
17.96

Investments

Initial Check
$252K
Follow-on
$720K
Blended Cost Basis
$5.2M

Company Ownership

Avg Initial
5.14%
Avg At Exit
4.38%
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.

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Median Fund Portfolio

Company 46 - $1,177,154,632 exit after 7 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $17,280,705 (own at exit: 1.47%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $17,280,705 (1.47% ownership @ exit)

Company 6 - $991,597,793 exit after 7 rounds
Invested: $972,000
Blended Cost Basis: $6,923,077
Return: $42,344,456 (own at exit: 4.27%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $13,101,047 (1.32% ownership @ exit)
   Check 2: $720,000 @ $8,000,000 (9%)
   Check 2 Returns: $29,243,408 (2.95% ownership @ exit)

Company 29 - $57,395,014 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $2,314,167 (own at exit: 4.03%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $2,314,166 (4.03% ownership @ exit)

Company 58 - $52,514,195 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $5,311,475
Return: $7,158,735 (own at exit: 13.63%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $2,117,372 (4.03% ownership @ exit)
   Check 2: $720,000 @ $6,000,000 (12%)
   Check 2 Returns: $5,041,362 (9.6% ownership @ exit)

Company 38 - $51,000,529 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $1,370,894 (own at exit: 2.69%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,370,894 (2.69% ownership @ exit)

Company 20 - $48,262,732 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $1,729,736 (own at exit: 3.58%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,729,736 (3.58% ownership @ exit)

Company 32 - $46,899,801 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $1,891,000 (own at exit: 4.03%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $1,890,999 (4.03% ownership @ exit)

Company 16 - $46,510,004 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $5,860,465
Return: $5,702,392 (own at exit: 12.26%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $1,875,283 (4.03% ownership @ exit)
   Check 2: $720,000 @ $7,000,000 (10.29%)
   Check 2 Returns: $3,827,108 (8.23% ownership @ exit)

Company 10 - $46,093,668 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $6,000,000
Return: $5,663,990 (own at exit: 12.29%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,238,997 (2.69% ownership @ exit)
   Check 2: $720,000 @ $6,000,000 (12%)
   Check 2 Returns: $4,424,992 (9.6% ownership @ exit)

Company 17 - $45,841,841 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $1,642,972 (own at exit: 3.58%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,642,971 (3.58% ownership @ exit)

Company 40 - $44,255,817 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $1,586,128 (own at exit: 3.58%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,586,128 (3.58% ownership @ exit)

Company 34 - $43,711,748 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $1,174,972 (own at exit: 2.69%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,174,971 (2.69% ownership @ exit)

Company 14 - $42,729,582 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $7,363,636
Return: $4,225,101 (own at exit: 9.89%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,148,571 (2.69% ownership @ exit)
   Check 2: $720,000 @ $8,000,000 (9%)
   Check 2 Returns: $3,076,529 (7.2% ownership @ exit)

Company 19 - $41,512,587 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $1,487,811 (own at exit: 3.58%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,487,811 (3.58% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 51 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% 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 38 - $11,939,399,969 exit after 8 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $105,162,693 (own at exit: 0.88%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $105,162,693 (0.88% ownership @ exit)

Company 51 - $10,524,910,779 exit after 8 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $111,244,582 (own at exit: 1.06%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $111,244,581 (1.06% ownership @ exit)

Company 13 - $95,638,830 exit after 4 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $2,056,617 (own at exit: 2.15%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $2,056,617 (2.15% ownership @ exit)

Company 1 - $59,703,626 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $7,363,636
Return: $5,903,495 (own at exit: 9.89%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,604,833 (2.69% ownership @ exit)
   Check 2: $720,000 @ $8,000,000 (9%)
   Check 2 Returns: $4,298,661 (7.2% ownership @ exit)

Company 42 - $53,672,547 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $6,923,077
Return: $5,595,685 (own at exit: 10.43%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $1,731,261 (3.23% ownership @ exit)
   Check 2: $720,000 @ $8,000,000 (9%)
   Check 2 Returns: $3,864,423 (7.2% ownership @ exit)

Company 36 - $51,204,468 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $1,835,168 (own at exit: 3.58%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,835,168 (3.58% ownership @ exit)

Company 33 - $49,884,809 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $1,340,904 (own at exit: 2.69%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $1,340,903 (2.69% ownership @ exit)

Company 32 - $49,450,086 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $1,993,827 (own at exit: 4.03%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $1,993,827 (4.03% ownership @ exit)

Company 9 - $46,690,284 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $6,030,928
Return: $5,643,519 (own at exit: 12.09%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $1,506,041 (3.23% ownership @ exit)
   Check 2: $720,000 @ $6,500,000 (11.08%)
   Check 2 Returns: $4,137,477 (8.86% ownership @ exit)

Company 6 - $44,825,422 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $6,394,737
Return: $5,049,136 (own at exit: 11.26%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $1,606,543 (3.58% ownership @ exit)
   Check 2: $720,000 @ $7,500,000 (9.6%)
   Check 2 Returns: $3,442,592 (7.68% ownership @ exit)

Company 53 - $44,415,574 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $1,302,426 (own at exit: 2.93%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $1,302,426 (2.93% ownership @ exit)

Company 30 - $43,820,405 exit after 3 rounds
Invested: $972,000
Blended Cost Basis: $5,861,842
Return: $5,491,733 (own at exit: 12.53%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $1,284,973 (2.93% ownership @ exit)
   Check 2: $720,000 @ $6,000,000 (12%)
   Check 2 Returns: $4,206,758 (9.6% ownership @ exit)

Company 34 - $42,851,227 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $1,727,761 (own at exit: 4.03%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $1,727,761 (4.03% ownership @ exit)

Company 47 - $41,518,880 exit after 3 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $1,217,485 (own at exit: 2.93%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $1,217,484 (2.93% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 43 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 5.04%)
   Check 1: $252,000 @ $5,000,000 (5.04%)
   Check 1 Returns: $0 (5.04% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.58%)
   Check 1: $252,000 @ $5,500,000 (4.58%)
   Check 1 Returns: $0 (4.58% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.3%)
   Check 1: $252,000 @ $4,000,000 (6.3%)
   Check 1 Returns: $0 (6.3% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.2%)
   Check 1: $252,000 @ $6,000,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $252,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.6%)
   Check 1: $252,000 @ $4,500,000 (5.6%)
   Check 1 Returns: $0 (5.6% 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
$18,000,000
Investments
60
Reserve
16%
Follow-on rate
5%
Follow-on Picking
Above Average Picking

Fork this model

Silicon Valley Pre-Seed Market

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

Company Valuations

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

Dilution

Dilution Per Round
20%

Outcome Distribution

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