Abc by @leonherrera7

Probability of Fund Multiple

1x
88.7%
3x
25.1%
10x
2.9%

TVPI Distribution

3rd Quartile
1.35
Median
1.96
Top Quartile
3.01

Investments

Initial Check
$250K
Follow-on
$714.3K
Blended Cost Basis
$10.3M

Company Ownership

Avg Initial
5.17%
Avg At Exit
8.27%
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 12 - $1,099,064,330 exit after 6 rounds
Invested: $250,000
Blended Cost Basis: $9,500,000
Return: $9,477,405 (own at exit: 0.86%)
   Check 1: $250,000 @ $9,500,000 (2.63%)
   Check 1 Returns: $9,477,405 (0.86% ownership @ exit)

Company 14 - $57,545,827 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $20,903,226
Return: $1,835,986 (own at exit: 3.19%)
   Check 1: $250,000 @ $8,000,000 (3.12%)
   Check 1 Returns: $1,150,916 (2% ownership @ exit)
   Check 2: $714,286 @ $48,000,000 (1.49%)
   Check 2 Returns: $685,069 (1.19% ownership @ exit)

Company 13 - $55,892,502 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $18,000,000
Return: $2,076,007 (own at exit: 3.71%)
   Check 1: $250,000 @ $7,000,000 (3.57%)
   Check 1 Returns: $1,277,542 (2.29% ownership @ exit)
   Check 2: $714,286 @ $40,000,000 (1.79%)
   Check 2 Returns: $798,464 (1.43% ownership @ exit)

Company 10 - $49,928,776 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $21,315,789
Return: $1,673,803 (own at exit: 3.35%)
   Check 1: $250,000 @ $15,000,000 (1.67%)
   Check 1 Returns: $532,573 (1.07% ownership @ exit)
   Check 2: $714,286 @ $25,000,000 (2.86%)
   Check 2 Returns: $1,141,229 (2.29% ownership @ exit)

Company 18 - $47,030,502 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $20,539,185
Return: $1,531,260 (own at exit: 3.26%)
   Check 1: $250,000 @ $8,000,000 (3.12%)
   Check 1 Returns: $940,610 (2% ownership @ exit)
   Check 2: $714,286 @ $45,500,000 (1.57%)
   Check 2 Returns: $590,649 (1.26% ownership @ exit)

Company 6 - $41,509,630 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $28,038,462
Return: $1,019,072 (own at exit: 2.46%)
   Check 1: $250,000 @ $13,500,000 (1.85%)
   Check 1 Returns: $491,965 (1.19% ownership @ exit)
   Check 2: $714,286 @ $45,000,000 (1.59%)
   Check 2 Returns: $527,106 (1.27% ownership @ exit)

Company 7 - $40,704,716 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $17,295,756
Return: $1,673,938 (own at exit: 4.11%)
   Check 1: $250,000 @ $11,500,000 (2.17%)
   Check 1 Returns: $566,326 (1.39% ownership @ exit)
   Check 2: $714,286 @ $21,000,000 (3.4%)
   Check 2 Returns: $1,107,611 (2.72% ownership @ exit)

Company 5 - $40,016,447 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $19,184,211
Return: $1,456,683 (own at exit: 3.64%)
   Check 1: $250,000 @ $10,500,000 (2.38%)
   Check 1 Returns: $609,774 (1.52% ownership @ exit)
   Check 2: $714,286 @ $27,000,000 (2.65%)
   Check 2 Returns: $846,908 (2.12% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 8.33%)
   Check 1: $250,000 @ $3,000,000 (8.33%)
   Check 1 Returns: $0 (8.33% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 3.12%)
   Check 1: $250,000 @ $8,000,000 (3.12%)
   Check 1 Returns: $0 (3.12% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.85%)
   Check 1: $250,000 @ $13,500,000 (1.85%)
   Check 1 Returns: $0 (1.85% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.55%)
   Check 1: $250,000 @ $5,500,000 (4.55%)
   Check 1 Returns: $0 (4.55% ownership @ exit)

Company 4 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 2.08%)
   Check 1: $250,000 @ $12,000,000 (2.08%)
   Check 1 Returns: $0 (2.08% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 8.33%)
   Check 1: $250,000 @ $3,000,000 (8.33%)
   Check 1 Returns: $0 (8.33% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 4.55%)
   Check 1: $250,000 @ $5,500,000 (4.55%)
   Check 1 Returns: $0 (4.55% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 3.33%)
   Check 1: $250,000 @ $7,500,000 (3.33%)
   Check 1 Returns: $0 (3.33% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.85%)
   Check 1: $250,000 @ $13,500,000 (1.85%)
   Check 1 Returns: $0 (1.85% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 2.38%)
   Check 1: $250,000 @ $10,500,000 (2.38%)
   Check 1 Returns: $0 (2.38% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 7.14%)
   Check 1: $250,000 @ $3,500,000 (7.14%)
   Check 1 Returns: $0 (7.14% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 8.33%)
   Check 1: $250,000 @ $3,000,000 (8.33%)
   Check 1 Returns: $0 (8.33% 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 7 - $1,166,590,917 exit after 6 rounds
Invested: $964,286
Blended Cost Basis: $23,823,529
Return: $17,748,181 (own at exit: 1.52%)
   Check 1: $250,000 @ $15,000,000 (1.67%)
   Check 1 Returns: $6,371,141 (0.55% ownership @ exit)
   Check 2: $714,286 @ $30,000,000 (2.38%)
   Check 2 Returns: $11,377,039 (0.98% ownership @ exit)

Company 3 - $48,089,943 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $16,141,304
Return: $1,948,579 (own at exit: 4.05%)
   Check 1: $250,000 @ $5,500,000 (4.55%)
   Check 1 Returns: $1,398,980 (2.91% ownership @ exit)
   Check 2: $714,286 @ $50,000,000 (1.43%)
   Check 2 Returns: $549,599 (1.14% ownership @ exit)

Company 4 - $43,143,416 exit after 3 rounds
Invested: $964,286
Blended Cost Basis: $13,597,473
Return: $2,064,168 (own at exit: 4.78%)
   Check 1: $250,000 @ $4,500,000 (5.56%)
   Check 1 Returns: $1,533,988 (3.56% ownership @ exit)
   Check 2: $714,286 @ $46,500,000 (1.54%)
   Check 2 Returns: $530,180 (1.23% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 1.67%)
   Check 1: $250,000 @ $15,000,000 (1.67%)
   Check 1 Returns: $0 (1.67% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 2.78%)
   Check 1: $250,000 @ $9,000,000 (2.78%)
   Check 1 Returns: $0 (2.78% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $250,000 @ $6,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 5 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 3.12%)
   Check 1: $250,000 @ $8,000,000 (3.12%)
   Check 1 Returns: $0 (3.12% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 1.85%)
   Check 1: $250,000 @ $13,500,000 (1.85%)
   Check 1 Returns: $0 (1.85% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 2.78%)
   Check 1: $250,000 @ $9,000,000 (2.78%)
   Check 1 Returns: $0 (2.78% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 1.72%)
   Check 1: $250,000 @ $14,500,000 (1.72%)
   Check 1 Returns: $0 (1.72% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 3.85%)
   Check 1: $250,000 @ $6,500,000 (3.85%)
   Check 1 Returns: $0 (3.85% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 2.78%)
   Check 1: $250,000 @ $9,000,000 (2.78%)
   Check 1 Returns: $0 (2.78% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 5.56%)
   Check 1: $250,000 @ $4,500,000 (5.56%)
   Check 1 Returns: $0 (5.56% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 2.38%)
   Check 1: $250,000 @ $10,500,000 (2.38%)
   Check 1 Returns: $0 (2.38% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 6.25%)
   Check 1: $250,000 @ $4,000,000 (6.25%)
   Check 1 Returns: $0 (6.25% ownership @ exit)

Company 15 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 4.17%)
   Check 1: $250,000 @ $6,000,000 (4.17%)
   Check 1 Returns: $0 (4.17% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 2.08%)
   Check 1: $250,000 @ $12,000,000 (2.08%)
   Check 1 Returns: $0 (2.08% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 2.27%)
   Check 1: $250,000 @ $11,000,000 (2.27%)
   Check 1 Returns: $0 (2.27% ownership @ exit)

Company 18 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 2.27%)
   Check 1: $250,000 @ $11,000,000 (2.27%)
   Check 1 Returns: $0 (2.27% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $250,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 8.33%)
   Check 1: $250,000 @ $3,000,000 (8.33%)
   Check 1 Returns: $0 (8.33% 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
$10,000,000
Investments
20
Reserve
50%
Follow-on rate
33%
Follow-on Picking
Random Picking

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Silicon Valley Seed Market

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

Company Valuations

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

Dilution

Dilution Per Round
20%

Outcome Distribution

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