a by @AkashVaswani7

Probability of Fund Multiple

1x
100%
3x
99.5%
10x
40.1%

TVPI Distribution

3rd Quartile
5.65
Median
7.89
Top Quartile
26.82

Investments

Initial Check
$33.3K
Follow-on
$295.1K
Blended Cost Basis
$5.3M

Company Ownership

Avg Initial
0.68%
Avg At Exit
2.35%
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 7 - $1,187,397,681 exit after 7 rounds
Invested: $328,415
Blended Cost Basis: $7,738,197
Return: $16,080,823 (own at exit: 1.35%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $1,729,273 (0.15% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $14,351,550 (1.21% ownership @ exit)

Company 9 - $835,185,769 exit after 7 rounds
Invested: $328,415
Blended Cost Basis: $6,445,483
Return: $13,640,353 (own at exit: 1.63%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $1,216,327 (0.15% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $12,424,025 (1.49% ownership @ exit)

Company 34 - $84,136,933 exit after 4 rounds
Invested: $328,415
Blended Cost Basis: $6,626,356
Return: $2,589,021 (own at exit: 3.08%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $319,097 (0.38% ownership @ exit)
   Check 2: $295,082 @ $7,000,000 (4.22%)
   Check 2 Returns: $2,269,923 (2.7% ownership @ exit)

Company 32 - $58,796,948 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,112,263
Return: $2,448,958 (own at exit: 4.17%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $313,583 (0.53% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $2,135,374 (3.63% ownership @ exit)

Company 49 - $53,740,405 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,000,000
Return: $2,305,454 (own at exit: 4.29%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $191,076 (0.36% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $2,114,376 (3.93% ownership @ exit)

Company 42 - $53,522,312 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,803,648
Return: $2,359,531 (own at exit: 4.41%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $253,735 (0.47% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $2,105,795 (3.93% ownership @ exit)

Company 33 - $53,166,821 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,024,675
Return: $1,925,498 (own at exit: 3.62%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $252,050 (0.47% ownership @ exit)
   Check 2: $295,082 @ $7,500,000 (3.93%)
   Check 2 Returns: $1,673,447 (3.15% ownership @ exit)

Company 51 - $46,371,901 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,314,402
Return: $1,624,452 (own at exit: 3.5%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $164,877 (0.36% ownership @ exit)
   Check 2: $295,082 @ $7,500,000 (3.93%)
   Check 2 Returns: $1,459,574 (3.15% ownership @ exit)

Company 26 - $44,685,700 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,726,895
Return: $1,697,624 (own at exit: 3.8%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $190,658 (0.43% ownership @ exit)
   Check 2: $295,082 @ $7,000,000 (4.22%)
   Check 2 Returns: $1,506,965 (3.37% ownership @ exit)

Company 43 - $44,627,255 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,888,252
Return: $1,642,673 (own at exit: 3.68%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $238,012 (0.53% ownership @ exit)
   Check 2: $295,082 @ $7,500,000 (3.93%)
   Check 2 Returns: $1,404,661 (3.15% ownership @ exit)

Company 16 - $43,803,855 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,710,214
Return: $1,957,051 (own at exit: 4.47%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $233,620 (0.53% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $1,723,430 (3.93% ownership @ exit)

Company 11 - $43,326,339 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,262,840
Return: $1,509,556 (own at exit: 3.48%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $231,073 (0.53% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $1,278,482 (2.95% ownership @ exit)

Company 45 - $43,307,896 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,382,222
Return: $1,740,829 (own at exit: 4.02%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $167,982 (0.39% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $1,572,846 (3.63% ownership @ exit)

Company 8 - $42,409,818 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,888,252
Return: $1,561,052 (own at exit: 3.68%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $226,185 (0.53% ownership @ exit)
   Check 2: $295,082 @ $7,500,000 (3.93%)
   Check 2 Returns: $1,334,866 (3.15% ownership @ exit)

Company 47 - $41,004,790 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,738,197
Return: $1,355,772 (own at exit: 3.31%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $145,794 (0.36% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $1,209,977 (2.95% ownership @ exit)

Company 56 - $40,455,714 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,112,263
Return: $1,685,026 (own at exit: 4.17%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $215,763 (0.53% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $1,469,261 (3.63% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 44 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 59 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% 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 33 - $11,807,857,038 exit after 8 rounds
Invested: $328,415
Blended Cost Basis: $7,540,778
Return: $130,681,654 (own at exit: 1.11%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $16,508,580 (0.14% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $114,173,073 (0.97% ownership @ exit)

Company 44 - $59,210,798 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,883,556
Return: $2,207,332 (own at exit: 3.73%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $210,527 (0.36% ownership @ exit)
   Check 2: $295,082 @ $7,000,000 (4.22%)
   Check 2 Returns: $1,996,804 (3.37% ownership @ exit)

Company 32 - $58,965,265 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,445,483
Return: $2,351,142 (own at exit: 3.99%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $209,654 (0.36% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $2,141,487 (3.63% ownership @ exit)

Company 59 - $56,351,763 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,803,648
Return: $2,484,268 (own at exit: 4.41%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $267,149 (0.47% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $2,217,118 (3.93% ownership @ exit)

Company 35 - $54,342,082 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,414,668
Return: $1,861,159 (own at exit: 3.42%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $257,621 (0.47% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $1,603,536 (2.95% ownership @ exit)

Company 51 - $54,062,510 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,219,441
Return: $2,219,727 (own at exit: 4.11%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $256,296 (0.47% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $1,963,430 (3.63% ownership @ exit)

Company 39 - $52,407,140 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,880,626
Return: $2,285,524 (own at exit: 4.36%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $223,603 (0.43% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $2,061,920 (3.93% ownership @ exit)

Company 3 - $50,910,121 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,710,214
Return: $2,274,542 (own at exit: 4.47%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $271,520 (0.53% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $2,003,021 (3.93% ownership @ exit)

Company 28 - $49,380,238 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,445,483
Return: $1,968,955 (own at exit: 3.99%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $175,574 (0.36% ownership @ exit)
   Check 2: $295,082 @ $6,500,000 (4.54%)
   Check 2 Returns: $1,793,380 (3.63% ownership @ exit)

Company 43 - $46,179,355 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $6,000,000
Return: $1,981,086 (own at exit: 4.29%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $164,193 (0.36% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $1,816,892 (3.93% ownership @ exit)

Company 17 - $44,873,557 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $7,647,195
Return: $1,498,193 (own at exit: 3.34%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $174,055 (0.39% ownership @ exit)
   Check 2: $295,082 @ $8,000,000 (3.69%)
   Check 2 Returns: $1,324,137 (2.95% ownership @ exit)

Company 19 - $44,510,611 exit after 3 rounds
Invested: $328,415
Blended Cost Basis: $5,945,144
Return: $1,923,884 (own at exit: 4.32%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $172,647 (0.39% ownership @ exit)
   Check 2: $295,082 @ $6,000,000 (4.92%)
   Check 2 Returns: $1,751,237 (3.93% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 29 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 40 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 41 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 42 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 45 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 46 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 47 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 48 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 0.74%)
   Check 1: $33,333 @ $4,500,000 (0.74%)
   Check 1 Returns: $0 (0.74% ownership @ exit)

Company 49 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 50 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 52 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 0.61%)
   Check 1: $33,333 @ $5,500,000 (0.61%)
   Check 1 Returns: $0 (0.61% ownership @ exit)

Company 53 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 54 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% ownership @ exit)

Company 55 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 0.56%)
   Check 1: $33,333 @ $6,000,000 (0.56%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 56 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 57 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 0.83%)
   Check 1: $33,333 @ $4,000,000 (0.83%)
   Check 1 Returns: $0 (0.83% ownership @ exit)

Company 58 - $0 exit after 1 rounds
Invested: $33,333
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 0.67%)
   Check 1: $33,333 @ $5,000,000 (0.67%)
   Check 1 Returns: $0 (0.67% 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
$20,000,000
Investments
60
Reserve
90%
Follow-on rate
100%
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