no follow-on / 50 companies by @pt

Probability of Fund Multiple

1x
26%
3x
5.8%
10x
1.3%

TVPI Distribution

3rd Quartile
0.17
Median
0.32
Top Quartile
1.02

Investments

Initial Check
$100K
Follow-on
$0
Blended Cost Basis
$11M

Company Ownership

Avg Initial
0.96%
Avg At Exit
0.46%
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.

show/hide details

Median Fund Portfolio

Company 8 - $115,340,495 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $410,813 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $410,812 (0.36% ownership @ exit)
   Check 2: $0 @ $47,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 27 - $110,666,229 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,000,000
Return: $412,081 (own at exit: 0.37%)
   Check 1: $100,000 @ $11,000,000 (0.91%)
   Check 1 Returns: $412,080 (0.37% ownership @ exit)
   Check 2: $0 @ $31,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 45 - $109,495,038 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $373,743 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $373,743 (0.34% ownership @ exit)
   Check 2: $0 @ $30,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 1 - $11,296,078 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,000,000
Return: $46,269 (own at exit: 0.41%)
   Check 1: $100,000 @ $10,000,000 (1%)
   Check 1 Returns: $46,268 (0.41% ownership @ exit)

Company 0 - $10,901,948 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $55,818 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $55,817 (0.51% ownership @ exit)
   Check 2: $0 @ $43,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 28 - $10,199,108 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $55,701 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $55,700 (0.55% ownership @ exit)

Company 6 - $9,975,221 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $35,529 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $35,529 (0.36% ownership @ exit)
   Check 2: $0 @ $40,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 21 - $9,928,089 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $50,832 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $50,831 (0.51% ownership @ exit)
   Check 2: $0 @ $31,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 12 - $9,817,753 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $44,682 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $44,681 (0.46% ownership @ exit)

Company 10 - $9,275,614 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,000,000
Return: $37,993 (own at exit: 0.41%)
   Check 1: $100,000 @ $10,000,000 (1%)
   Check 1 Returns: $37,992 (0.41% ownership @ exit)
   Check 2: $0 @ $43,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 15 - $8,997,778 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $24,570 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $24,569 (0.27% ownership @ exit)
   Check 2: $0 @ $38,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 14 - $8,898,621 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $40,499 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $40,498 (0.46% ownership @ exit)
   Check 2: $0 @ $40,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 4 - $8,641,643 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $23,597 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $23,597 (0.27% ownership @ exit)

Company 23 - $8,229,372 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $22,472 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $22,471 (0.27% ownership @ exit)
   Check 2: $0 @ $47,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 0.59%)
   Check 1: $100,000 @ $7,000,000 (1.43%)
   Check 1 Returns: $0 (0.59% ownership @ exit)
   Check 2: $0 @ $32,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 3 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $0 (0.51% ownership @ exit)
   Check 2: $0 @ $47,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 5 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)
   Check 2: $0 @ $30,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 9 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)
   Check 2: $0 @ $46,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 11 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 13 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $0 (0.51% ownership @ exit)
   Check 2: $0 @ $30,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 16 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $0 (0.43% ownership @ exit)

Company 17 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)
   Check 2: $0 @ $44,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 18 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 19 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $0 (0.51% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $0 (0.43% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 24 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 0.3%)
   Check 1: $100,000 @ $13,500,000 (0.74%)
   Check 1 Returns: $0 (0.3% ownership @ exit)

Company 25 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $0 (0.43% ownership @ exit)

Company 26 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 29 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 30 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $100,000 @ $8,500,000 (1.18%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 31 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 32 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $100,000 @ $8,500,000 (1.18%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.33%)
   Check 1: $100,000 @ $12,500,000 (0.8%)
   Check 1 Returns: $0 (0.33% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $0 (0.43% ownership @ exit)

Company 37 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $0 (0.29% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 39 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 0.41%)
   Check 1: $100,000 @ $10,000,000 (1%)
   Check 1 Returns: $0 (0.41% ownership @ exit)

Company 40 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $0 (0.28% ownership @ exit)

Company 41 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 0.59%)
   Check 1: $100,000 @ $7,000,000 (1.43%)
   Check 1 Returns: $0 (0.59% ownership @ exit)

Company 42 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $0 (0.28% ownership @ exit)

Company 43 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)

Company 44 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 46 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 47 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $0 (0.29% ownership @ exit)

Company 48 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $0 (0.29% ownership @ exit)
   Check 2: $0 @ $47,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 49 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $100,000 @ $8,500,000 (1.18%)
   Check 1 Returns: $0 (0.48% ownership @ exit)
   Check 2: $0 @ $39,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Top Quartile Portfolio

75% of simulated portfolios performed worse than this portfolio, 25% performed better%. Click 'show/hide details' to see each investment.

show/hide details

Top Quartile Fund Portfolio

Company 17 - $1,198,010,209 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $4,267,000 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $4,266,999 (0.36% ownership @ exit)

Company 29 - $102,492,229 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $399,817 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $399,817 (0.39% ownership @ exit)

Company 0 - $33,108,135 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $142,748 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $142,748 (0.43% ownership @ exit)

Company 46 - $11,743,218 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $60,125 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $60,125 (0.51% ownership @ exit)
   Check 2: $0 @ $33,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 13 - $11,733,984 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,000,000
Return: $68,661 (own at exit: 0.59%)
   Check 1: $100,000 @ $7,000,000 (1.43%)
   Check 1 Returns: $68,660 (0.59% ownership @ exit)

Company 25 - $10,736,664 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $48,864 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $48,863 (0.46% ownership @ exit)
   Check 2: $0 @ $31,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 24 - $10,394,461 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $56,768 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $56,767 (0.55% ownership @ exit)
   Check 2: $0 @ $49,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 26 - $9,610,330 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $41,436 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $41,435 (0.43% ownership @ exit)
   Check 2: $0 @ $30,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 37 - $8,885,714 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $25,101 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $25,100 (0.28% ownership @ exit)
   Check 2: $0 @ $32,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 28 - $8,796,754 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $25,737 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $25,736 (0.29% ownership @ exit)
   Check 2: $0 @ $34,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 32 - $8,612,379 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $33,596 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $33,596 (0.39% ownership @ exit)

Company 19 - $8,531,179 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $24,099 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $24,099 (0.28% ownership @ exit)
   Check 2: $0 @ $46,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 14 - $8,522,787 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $36,747 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $36,746 (0.43% ownership @ exit)
   Check 2: $0 @ $31,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 45 - $8,090,388 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $27,615 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $27,615 (0.34% ownership @ exit)

Company 1 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.33%)
   Check 1: $100,000 @ $12,500,000 (0.8%)
   Check 1 Returns: $0 (0.33% ownership @ exit)
   Check 2: $0 @ $44,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $0 (0.27% ownership @ exit)
   Check 2: $0 @ $33,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 3 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $0 (0.46% ownership @ exit)
   Check 2: $0 @ $46,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 4 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)
   Check 2: $0 @ $32,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 5 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $0 (0.51% ownership @ exit)
   Check 2: $0 @ $30,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 6 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)
   Check 2: $0 @ $33,500,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 0.41%)
   Check 1: $100,000 @ $10,000,000 (1%)
   Check 1 Returns: $0 (0.41% ownership @ exit)

Company 8 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $100,000 @ $8,500,000 (1.18%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 9 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)
   Check 2: $0 @ $43,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 10 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)

Company 11 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $0 (0.28% ownership @ exit)

Company 12 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $0 (0.29% ownership @ exit)

Company 15 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $0 (0.27% ownership @ exit)

Company 16 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 18 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 0.59%)
   Check 1: $100,000 @ $7,000,000 (1.43%)
   Check 1 Returns: $0 (0.59% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 0.41%)
   Check 1: $100,000 @ $10,000,000 (1%)
   Check 1 Returns: $0 (0.41% ownership @ exit)

Company 21 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 0.55%)
   Check 1: $100,000 @ $7,500,000 (1.33%)
   Check 1 Returns: $0 (0.55% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 0.37%)
   Check 1: $100,000 @ $11,000,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 23 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 0.37%)
   Check 1: $100,000 @ $11,000,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 27 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.33%)
   Check 1: $100,000 @ $12,500,000 (0.8%)
   Check 1 Returns: $0 (0.33% ownership @ exit)

Company 30 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 0.48%)
   Check 1: $100,000 @ $8,500,000 (1.18%)
   Check 1 Returns: $0 (0.48% ownership @ exit)

Company 31 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,500,000
Return: $0 (own at exit: 0.28%)
   Check 1: $100,000 @ $14,500,000 (0.69%)
   Check 1 Returns: $0 (0.28% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 0.59%)
   Check 1: $100,000 @ $7,000,000 (1.43%)
   Check 1 Returns: $0 (0.59% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 0.51%)
   Check 1: $100,000 @ $8,000,000 (1.25%)
   Check 1 Returns: $0 (0.51% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 0.36%)
   Check 1: $100,000 @ $11,500,000 (0.87%)
   Check 1 Returns: $0 (0.36% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,000,000
Return: $0 (own at exit: 0.34%)
   Check 1: $100,000 @ $12,000,000 (0.83%)
   Check 1 Returns: $0 (0.34% ownership @ exit)

Company 39 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 0.29%)
   Check 1: $100,000 @ $14,000,000 (0.71%)
   Check 1 Returns: $0 (0.29% ownership @ exit)

Company 40 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 0.33%)
   Check 1: $100,000 @ $12,500,000 (0.8%)
   Check 1 Returns: $0 (0.33% ownership @ exit)

Company 41 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 0.32%)
   Check 1: $100,000 @ $13,000,000 (0.77%)
   Check 1 Returns: $0 (0.32% ownership @ exit)

Company 42 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 0.27%)
   Check 1: $100,000 @ $15,000,000 (0.67%)
   Check 1 Returns: $0 (0.27% ownership @ exit)

Company 43 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 0.37%)
   Check 1: $100,000 @ $11,000,000 (0.91%)
   Check 1 Returns: $0 (0.37% ownership @ exit)

Company 44 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 0.43%)
   Check 1: $100,000 @ $9,500,000 (1.05%)
   Check 1 Returns: $0 (0.43% ownership @ exit)
   Check 2: $0 @ $47,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 47 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $10,500,000
Return: $0 (own at exit: 0.39%)
   Check 1: $100,000 @ $10,500,000 (0.95%)
   Check 1 Returns: $0 (0.39% ownership @ exit)
   Check 2: $0 @ $48,000,000 (0%)
   Check 2 Returns: $0 (0% ownership @ exit)

Company 48 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $0 (0.46% ownership @ exit)

Company 49 - $0 exit after 5 rounds
Invested: $100,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 0.46%)
   Check 1: $100,000 @ $9,000,000 (1.11%)
   Check 1 Returns: $0 (0.46% ownership @ exit)
   Check 2: $0 @ $50,000,000 (0%)
   Check 2 Returns: $0 (0% 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
$5,000,000
Investments
50
Reserve
0%
Follow-on rate
33%
Follow-on Picking
Above Average Picking

Fork this model

2023 Seed Market

2023 Seed

Company Valuations

Entry Valuation
$7-15M
Follow-on Valuation
$30-50M

Dilution

Dilution Per Round
25%

Outcome Distribution

Probability Exit Rounds
0.1% $10B 5
1% $1B 5
2% $100M 5
5% $30M 5
15% $10M 5
76.9% $0 5