baseline by @AkashVaswani7

Probability of Fund Multiple

1x
71%
3x
21.4%
10x
1.7%

TVPI Distribution

3rd Quartile
0.95
Median
1.39
Top Quartile
2.66

Investments

Initial Check
$240K
Follow-on
$514.3K
Blended Cost Basis
$31.4M

Company Ownership

Avg Initial
1.74%
Avg At Exit
1.43%
Dilution/Round
25%

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 23 - $5,839,516,410 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $30,000,000
Return: $19,134,927 (own at exit: 0.33%)
   Check 1: $240,000 @ $30,000,000 (0.8%)
   Check 1 Returns: $19,134,927 (0.33% ownership @ exit)

Company 9 - $209,446,199 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $15,000,000
Return: $1,372,627 (own at exit: 0.66%)
   Check 1: $240,000 @ $15,000,000 (1.6%)
   Check 1 Returns: $1,372,626 (0.66% ownership @ exit)

Company 0 - $116,730,557 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $49,605,030
Return: $786,717 (own at exit: 0.67%)
   Check 1: $240,000 @ $23,500,000 (1.02%)
   Check 1 Returns: $488,301 (0.42% ownership @ exit)
   Check 2: $514,286 @ $103,000,000 (0.5%)
   Check 2 Returns: $298,415 (0.26% ownership @ exit)

Company 54 - $115,910,901 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $32,908,587
Return: $1,149,247 (own at exit: 0.99%)
   Check 1: $240,000 @ $13,500,000 (1.78%)
   Check 1 Returns: $844,037 (0.73% ownership @ exit)
   Check 2: $514,286 @ $100,000,000 (0.51%)
   Check 2 Returns: $305,209 (0.26% ownership @ exit)

Company 31 - $111,603,625 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $22,500,000
Return: $487,604 (own at exit: 0.44%)
   Check 1: $240,000 @ $22,500,000 (1.07%)
   Check 1 Returns: $487,603 (0.44% ownership @ exit)

Company 19 - $104,918,333 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $55,098,340
Return: $638,091 (own at exit: 0.61%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $389,203 (0.37% ownership @ exit)
   Check 2: $514,286 @ $111,000,000 (0.46%)
   Check 2 Returns: $248,887 (0.24% ownership @ exit)

Company 16 - $96,707,519 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $34,428,331
Return: $920,892 (own at exit: 0.95%)
   Check 1: $240,000 @ $14,500,000 (1.66%)
   Check 1 Returns: $655,636 (0.68% ownership @ exit)
   Check 2: $514,286 @ $96,000,000 (0.54%)
   Check 2 Returns: $265,254 (0.27% ownership @ exit)

Company 5 - $94,313,626 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $45,592,105
Return: $695,881 (own at exit: 0.74%)
   Check 1: $240,000 @ $22,500,000 (1.07%)
   Check 1 Returns: $412,062 (0.44% ownership @ exit)
   Check 2: $514,286 @ $87,500,000 (0.59%)
   Check 2 Returns: $283,818 (0.3% ownership @ exit)

Company 18 - $92,269,975 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $17,500,000
Return: $518,315 (own at exit: 0.56%)
   Check 1: $240,000 @ $17,500,000 (1.37%)
   Check 1 Returns: $518,314 (0.56% ownership @ exit)

Company 42 - $82,564,103 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,500,000
Return: $1,475,706 (own at exit: 1.79%)
   Check 1: $240,000 @ $5,500,000 (4.36%)
   Check 1 Returns: $1,475,705 (1.79% ownership @ exit)

Company 30 - $81,974,493 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $17,500,000
Return: $460,481 (own at exit: 0.56%)
   Check 1: $240,000 @ $17,500,000 (1.37%)
   Check 1 Returns: $460,481 (0.56% ownership @ exit)

Company 39 - $80,405,389 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,500,000
Return: $632,334 (own at exit: 0.79%)
   Check 1: $240,000 @ $12,500,000 (1.92%)
   Check 1 Returns: $632,333 (0.79% ownership @ exit)

Company 1 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $240,000 @ $5,500,000 (4.36%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $26,381,156
Return: $0 (own at exit: 1.22%)
   Check 1: $240,000 @ $10,000,000 (2.4%)
   Check 1 Returns: $0 (0.98% ownership @ exit)
   Check 2: $514,286 @ $112,000,000 (0.46%)
   Check 2 Returns: $0 (0.24% ownership @ exit)

Company 3 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $49,577,465
Return: $0 (own at exit: 0.66%)
   Check 1: $240,000 @ $20,000,000 (1.2%)
   Check 1 Returns: $0 (0.49% ownership @ exit)
   Check 2: $514,286 @ $160,000,000 (0.32%)
   Check 2 Returns: $0 (0.16% ownership @ exit)

Company 4 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $44,684,825
Return: $0 (own at exit: 0.73%)
   Check 1: $240,000 @ $18,000,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)
   Check 2: $514,286 @ $145,000,000 (0.35%)
   Check 2 Returns: $0 (0.18% ownership @ exit)

Company 6 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $21,000,000
Return: $0 (own at exit: 0.47%)
   Check 1: $240,000 @ $21,000,000 (1.14%)
   Check 1 Returns: $0 (0.47% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 1.4%)
   Check 1: $240,000 @ $7,000,000 (3.43%)
   Check 1 Returns: $0 (1.4% ownership @ exit)

Company 8 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $17,000,000
Return: $0 (own at exit: 0.58%)
   Check 1: $240,000 @ $17,000,000 (1.41%)
   Check 1 Returns: $0 (0.58% ownership @ exit)

Company 10 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $18,000,000
Return: $0 (own at exit: 0.55%)
   Check 1: $240,000 @ $18,000,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)

Company 11 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $20,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $240,000 @ $20,500,000 (1.17%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 12 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $25,000,000
Return: $0 (own at exit: 0.39%)
   Check 1: $240,000 @ $25,000,000 (0.96%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 13 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 14 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $22,000,000
Return: $0 (own at exit: 0.45%)
   Check 1: $240,000 @ $22,000,000 (1.09%)
   Check 1 Returns: $0 (0.45% ownership @ exit)

Company 15 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,000,000
Return: $0 (own at exit: 0.35%)
   Check 1: $240,000 @ $28,000,000 (0.86%)
   Check 1 Returns: $0 (0.35% ownership @ exit)

Company 17 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $19,000,000
Return: $0 (own at exit: 0.52%)
   Check 1: $240,000 @ $19,000,000 (1.26%)
   Check 1 Returns: $0 (0.52% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,000,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,000,000 (0.89%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 21 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,500,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $28,500,000 (0.84%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $240,000 @ $9,500,000 (2.53%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 24 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $19,000,000
Return: $0 (own at exit: 0.52%)
   Check 1: $240,000 @ $19,000,000 (1.26%)
   Check 1 Returns: $0 (0.52% ownership @ exit)

Company 25 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,000,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,000,000 (0.89%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 26 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $240,000 @ $11,000,000 (2.18%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 27 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $23,500,000
Return: $0 (own at exit: 0.42%)
   Check 1: $240,000 @ $23,500,000 (1.02%)
   Check 1 Returns: $0 (0.42% ownership @ exit)

Company 28 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $16,500,000
Return: $0 (own at exit: 0.6%)
   Check 1: $240,000 @ $16,500,000 (1.45%)
   Check 1 Returns: $0 (0.6% ownership @ exit)

Company 29 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $29,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $29,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 32 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $25,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $240,000 @ $25,500,000 (0.94%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $22,500,000
Return: $0 (own at exit: 0.44%)
   Check 1: $240,000 @ $22,500,000 (1.07%)
   Check 1 Returns: $0 (0.44% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $22,000,000
Return: $0 (own at exit: 0.45%)
   Check 1: $240,000 @ $22,000,000 (1.09%)
   Check 1 Returns: $0 (0.45% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.7%)
   Check 1: $240,000 @ $14,000,000 (1.71%)
   Check 1 Returns: $0 (0.7% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.82%)
   Check 1: $240,000 @ $12,000,000 (2%)
   Check 1 Returns: $0 (0.82% ownership @ exit)

Company 37 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $25,000,000
Return: $0 (own at exit: 0.39%)
   Check 1: $240,000 @ $25,000,000 (0.96%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 1.09%)
   Check 1: $240,000 @ $9,000,000 (2.67%)
   Check 1 Returns: $0 (1.09% ownership @ exit)

Company 40 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 1.97%)
   Check 1: $240,000 @ $5,000,000 (4.8%)
   Check 1 Returns: $0 (1.97% ownership @ exit)

Company 41 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,000,000
Return: $0 (own at exit: 0.35%)
   Check 1: $240,000 @ $28,000,000 (0.86%)
   Check 1 Returns: $0 (0.35% ownership @ exit)

Company 43 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.7%)
   Check 1: $240,000 @ $14,000,000 (1.71%)
   Check 1 Returns: $0 (0.7% ownership @ exit)

Company 44 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.82%)
   Check 1: $240,000 @ $12,000,000 (2%)
   Check 1 Returns: $0 (0.82% ownership @ exit)

Company 45 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $21,500,000
Return: $0 (own at exit: 0.46%)
   Check 1: $240,000 @ $21,500,000 (1.12%)
   Check 1 Returns: $0 (0.46% ownership @ exit)

Company 46 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $19,500,000
Return: $0 (own at exit: 0.5%)
   Check 1: $240,000 @ $19,500,000 (1.23%)
   Check 1 Returns: $0 (0.5% ownership @ exit)

Company 47 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $26,500,000
Return: $0 (own at exit: 0.37%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 48 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $29,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $29,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 49 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $23,500,000
Return: $0 (own at exit: 0.42%)
   Check 1: $240,000 @ $23,500,000 (1.02%)
   Check 1 Returns: $0 (0.42% ownership @ exit)

Company 50 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 0.85%)
   Check 1: $240,000 @ $11,500,000 (2.09%)
   Check 1 Returns: $0 (0.85% ownership @ exit)

Company 51 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $240,000 @ $5,500,000 (4.36%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 52 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.7%)
   Check 1: $240,000 @ $14,000,000 (1.71%)
   Check 1 Returns: $0 (0.7% ownership @ exit)

Company 53 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $26,500,000
Return: $0 (own at exit: 0.37%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 55 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 0.85%)
   Check 1: $240,000 @ $11,500,000 (2.09%)
   Check 1 Returns: $0 (0.85% ownership @ exit)

Company 56 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $22,500,000
Return: $0 (own at exit: 0.44%)
   Check 1: $240,000 @ $22,500,000 (1.07%)
   Check 1 Returns: $0 (0.44% ownership @ exit)

Company 57 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $16,500,000
Return: $0 (own at exit: 0.6%)
   Check 1: $240,000 @ $16,500,000 (1.45%)
   Check 1 Returns: $0 (0.6% ownership @ exit)

Company 58 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,500,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $28,500,000 (0.84%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 59 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.79%)
   Check 1: $240,000 @ $12,500,000 (1.92%)
   Check 1 Returns: $0 (0.79% 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 27 - $10,617,596,224 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,500,000
Return: $36,622,883 (own at exit: 0.34%)
   Check 1: $240,000 @ $28,500,000 (0.84%)
   Check 1 Returns: $36,622,883 (0.34% ownership @ exit)

Company 9 - $298,998,778 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $35,889,764
Return: $2,940,107 (own at exit: 0.98%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $1,109,161 (0.37% ownership @ exit)
   Check 2: $514,286 @ $43,000,000 (1.2%)
   Check 2 Returns: $1,830,945 (0.61% ownership @ exit)

Company 48 - $293,740,760 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $24,500,000
Return: $1,178,608 (own at exit: 0.4%)
   Check 1: $240,000 @ $24,500,000 (0.98%)
   Check 1 Returns: $1,178,607 (0.4% ownership @ exit)

Company 42 - $291,794,477 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $39,885,770
Return: $2,564,534 (own at exit: 0.88%)
   Check 1: $240,000 @ $27,500,000 (0.87%)
   Check 1 Returns: $1,043,075 (0.36% ownership @ exit)
   Check 2: $514,286 @ $50,500,000 (1.02%)
   Check 2 Returns: $1,521,458 (0.52% ownership @ exit)

Company 30 - $261,798,243 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $14,143,904
Return: $5,861,517 (own at exit: 2.24%)
   Check 1: $240,000 @ $5,000,000 (4.8%)
   Check 1 Returns: $5,147,162 (1.97% ownership @ exit)
   Check 2: $514,286 @ $96,500,000 (0.53%)
   Check 2 Returns: $714,354 (0.27% ownership @ exit)

Company 43 - $115,670,724 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $22,674,847
Return: $1,614,744 (own at exit: 1.4%)
   Check 1: $240,000 @ $8,000,000 (3%)
   Check 1 Returns: $1,421,361 (1.23% ownership @ exit)
   Check 2: $514,286 @ $157,500,000 (0.33%)
   Check 2 Returns: $193,382 (0.17% ownership @ exit)

Company 46 - $111,226,805 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $56,304,401
Return: $659,758 (own at exit: 0.59%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $412,605 (0.37% ownership @ exit)
   Check 2: $514,286 @ $118,500,000 (0.43%)
   Check 2 Returns: $247,152 (0.22% ownership @ exit)

Company 26 - $109,155,187 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $29,000,000
Return: $370,013 (own at exit: 0.34%)
   Check 1: $240,000 @ $29,000,000 (0.83%)
   Check 1 Returns: $370,013 (0.34% ownership @ exit)

Company 45 - $103,712,498 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,000,000
Return: $849,613 (own at exit: 0.82%)
   Check 1: $240,000 @ $12,000,000 (2%)
   Check 1 Returns: $849,612 (0.82% ownership @ exit)

Company 23 - $95,702,056 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $9,500,000
Return: $990,305 (own at exit: 1.03%)
   Check 1: $240,000 @ $9,500,000 (2.53%)
   Check 1 Returns: $990,304 (1.03% ownership @ exit)

Company 11 - $94,011,702 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $13,000,000
Return: $710,902 (own at exit: 0.76%)
   Check 1: $240,000 @ $13,000,000 (1.85%)
   Check 1 Returns: $710,902 (0.76% ownership @ exit)

Company 6 - $84,631,720 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $17,500,000
Return: $475,408 (own at exit: 0.56%)
   Check 1: $240,000 @ $17,500,000 (1.37%)
   Check 1 Returns: $475,407 (0.56% ownership @ exit)

Company 0 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $20,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $240,000 @ $20,500,000 (1.17%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 1 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $37,815,728
Return: $0 (own at exit: 0.85%)
   Check 1: $240,000 @ $14,500,000 (1.66%)
   Check 1 Returns: $0 (0.68% ownership @ exit)
   Check 2: $514,286 @ $151,500,000 (0.34%)
   Check 2 Returns: $0 (0.17% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $38,551,817
Return: $0 (own at exit: 0.84%)
   Check 1: $240,000 @ $15,500,000 (1.55%)
   Check 1 Returns: $0 (0.63% ownership @ exit)
   Check 2: $514,286 @ $126,000,000 (0.41%)
   Check 2 Returns: $0 (0.21% ownership @ exit)

Company 3 - $0 exit after 5 rounds
Invested: $754,286
Blended Cost Basis: $20,461,538
Return: $0 (own at exit: 1.54%)
   Check 1: $240,000 @ $7,000,000 (3.43%)
   Check 1 Returns: $0 (1.4% ownership @ exit)
   Check 2: $514,286 @ $199,500,000 (0.26%)
   Check 2 Returns: $0 (0.13% ownership @ exit)

Company 4 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 5 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $24,000,000
Return: $0 (own at exit: 0.41%)
   Check 1: $240,000 @ $24,000,000 (1%)
   Check 1 Returns: $0 (0.41% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 0.89%)
   Check 1: $240,000 @ $11,000,000 (2.18%)
   Check 1 Returns: $0 (0.89% ownership @ exit)

Company 8 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.68%)
   Check 1: $240,000 @ $14,500,000 (1.66%)
   Check 1 Returns: $0 (0.68% ownership @ exit)

Company 10 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 12 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 1.64%)
   Check 1: $240,000 @ $6,000,000 (4%)
   Check 1 Returns: $0 (1.64% ownership @ exit)

Company 13 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,000,000
Return: $0 (own at exit: 0.35%)
   Check 1: $240,000 @ $28,000,000 (0.86%)
   Check 1 Returns: $0 (0.35% ownership @ exit)

Company 14 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $18,000,000
Return: $0 (own at exit: 0.55%)
   Check 1: $240,000 @ $18,000,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)

Company 15 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.7%)
   Check 1: $240,000 @ $14,000,000 (1.71%)
   Check 1 Returns: $0 (0.7% ownership @ exit)

Company 16 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $16,500,000
Return: $0 (own at exit: 0.6%)
   Check 1: $240,000 @ $16,500,000 (1.45%)
   Check 1 Returns: $0 (0.6% ownership @ exit)

Company 17 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 18 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $21,000,000
Return: $0 (own at exit: 0.47%)
   Check 1: $240,000 @ $21,000,000 (1.14%)
   Check 1 Returns: $0 (0.47% ownership @ exit)

Company 19 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $24,500,000
Return: $0 (own at exit: 0.4%)
   Check 1: $240,000 @ $24,500,000 (0.98%)
   Check 1 Returns: $0 (0.4% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 1.16%)
   Check 1: $240,000 @ $8,500,000 (2.82%)
   Check 1 Returns: $0 (1.16% ownership @ exit)

Company 21 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $25,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $240,000 @ $25,500,000 (0.94%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $20,000,000
Return: $0 (own at exit: 0.49%)
   Check 1: $240,000 @ $20,000,000 (1.2%)
   Check 1 Returns: $0 (0.49% ownership @ exit)

Company 24 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $16,500,000
Return: $0 (own at exit: 0.6%)
   Check 1: $240,000 @ $16,500,000 (1.45%)
   Check 1 Returns: $0 (0.6% ownership @ exit)

Company 25 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $16,500,000
Return: $0 (own at exit: 0.6%)
   Check 1: $240,000 @ $16,500,000 (1.45%)
   Check 1 Returns: $0 (0.6% ownership @ exit)

Company 28 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $17,500,000
Return: $0 (own at exit: 0.56%)
   Check 1: $240,000 @ $17,500,000 (1.37%)
   Check 1 Returns: $0 (0.56% ownership @ exit)

Company 29 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $29,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $29,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 31 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 1.97%)
   Check 1: $240,000 @ $5,000,000 (4.8%)
   Check 1 Returns: $0 (1.97% ownership @ exit)

Company 32 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.79%)
   Check 1: $240,000 @ $12,500,000 (1.92%)
   Check 1 Returns: $0 (0.79% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.73%)
   Check 1: $240,000 @ $13,500,000 (1.78%)
   Check 1 Returns: $0 (0.73% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.79%)
   Check 1: $240,000 @ $12,500,000 (1.92%)
   Check 1 Returns: $0 (0.79% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $26,500,000
Return: $0 (own at exit: 0.37%)
   Check 1: $240,000 @ $26,500,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $240,000 @ $9,500,000 (2.53%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 37 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $25,000,000
Return: $0 (own at exit: 0.39%)
   Check 1: $240,000 @ $25,000,000 (0.96%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $15,500,000
Return: $0 (own at exit: 0.63%)
   Check 1: $240,000 @ $15,500,000 (1.55%)
   Check 1 Returns: $0 (0.63% ownership @ exit)

Company 39 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $23,500,000
Return: $0 (own at exit: 0.42%)
   Check 1: $240,000 @ $23,500,000 (1.02%)
   Check 1 Returns: $0 (0.42% ownership @ exit)

Company 40 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $19,000,000
Return: $0 (own at exit: 0.52%)
   Check 1: $240,000 @ $19,000,000 (1.26%)
   Check 1 Returns: $0 (0.52% ownership @ exit)

Company 41 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $21,000,000
Return: $0 (own at exit: 0.47%)
   Check 1: $240,000 @ $21,000,000 (1.14%)
   Check 1 Returns: $0 (0.47% ownership @ exit)

Company 44 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.73%)
   Check 1: $240,000 @ $13,500,000 (1.78%)
   Check 1 Returns: $0 (0.73% ownership @ exit)

Company 47 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 1.79%)
   Check 1: $240,000 @ $5,500,000 (4.36%)
   Check 1 Returns: $0 (1.79% ownership @ exit)

Company 49 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.76%)
   Check 1: $240,000 @ $13,000,000 (1.85%)
   Check 1 Returns: $0 (0.76% ownership @ exit)

Company 50 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.94%)
   Check 1: $240,000 @ $10,500,000 (2.29%)
   Check 1 Returns: $0 (0.94% ownership @ exit)

Company 51 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $27,000,000
Return: $0 (own at exit: 0.36%)
   Check 1: $240,000 @ $27,000,000 (0.89%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 52 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 1.51%)
   Check 1: $240,000 @ $6,500,000 (3.69%)
   Check 1 Returns: $0 (1.51% ownership @ exit)

Company 53 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 1.23%)
   Check 1: $240,000 @ $8,000,000 (3%)
   Check 1 Returns: $0 (1.23% ownership @ exit)

Company 54 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.66%)
   Check 1: $240,000 @ $15,000,000 (1.6%)
   Check 1 Returns: $0 (0.66% ownership @ exit)

Company 55 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 1.03%)
   Check 1: $240,000 @ $9,500,000 (2.53%)
   Check 1 Returns: $0 (1.03% ownership @ exit)

Company 56 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $15,500,000
Return: $0 (own at exit: 0.63%)
   Check 1: $240,000 @ $15,500,000 (1.55%)
   Check 1 Returns: $0 (0.63% ownership @ exit)

Company 57 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $20,000,000
Return: $0 (own at exit: 0.49%)
   Check 1: $240,000 @ $20,000,000 (1.2%)
   Check 1 Returns: $0 (0.49% ownership @ exit)

Company 58 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $29,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $240,000 @ $29,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 59 - $0 exit after 5 rounds
Invested: $240,000
Blended Cost Basis: $28,000,000
Return: $0 (own at exit: 0.35%)
   Check 1: $240,000 @ $28,000,000 (0.86%)
   Check 1 Returns: $0 (0.35% 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
20%
Follow-on rate
10%
Follow-on Picking
Above Average Picking

Fork this model

Multistage

Investing in a wide range of valuations.

Company Valuations

Entry Valuation
$5-30M
Follow-on Valuation
$30-200M

Dilution

Dilution Per Round
25%

Outcome Distribution

Probability Exit Rounds
0.01% $50B 5
0.1% $10B 5
0.5% $5B 5
1% $1B 5
5% $250M 5
20% $100M 5
73.39% $0 5