Fork of IBEX Early Stage Equity Fund by @ZanDapcevic

Probability of Fund Multiple

1x
65.1%
3x
18%
10x
0%

TVPI Distribution

3rd Quartile
0.65
Median
1.53
Top Quartile
2.65

Investments

Initial Check
$525K
Follow-on
$692.3K
Blended Cost Basis
$6.9M

Company Ownership

Avg Initial
11.3%
Avg At Exit
6.65%
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 28 - $1,098,559,274 exit after 6 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $29,074,977 (own at exit: 2.65%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $29,074,976 (2.65% ownership @ exit)

Company 27 - $109,257,199 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $9,918,803
Return: $5,961,684 (own at exit: 5.46%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $3,614,564 (3.31% ownership @ exit)
   Check 2: $692,308 @ $16,500,000 (4.2%)
   Check 2 Returns: $2,347,119 (2.15% ownership @ exit)

Company 15 - $103,766,039 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $6,375,385 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $6,375,385 (6.14% ownership @ exit)

Company 32 - $90,895,909 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $5,231,405
Return: $9,200,344 (own at exit: 10.12%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $6,515,418 (7.17% ownership @ exit)
   Check 2: $692,308 @ $12,000,000 (5.77%)
   Check 2 Returns: $2,684,925 (2.95% ownership @ exit)

Company 0 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,046,610
Return: $0 (own at exit: 6.55%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)
   Check 2: $692,308 @ $20,000,000 (3.46%)
   Check 2 Returns: $0 (1.77% ownership @ exit)

Company 1 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,384,106
Return: $0 (own at exit: 6.54%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)
   Check 2: $692,308 @ $12,000,000 (5.77%)
   Check 2 Returns: $0 (2.95% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 3 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 7.17%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)

Company 4 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,163,958
Return: $0 (own at exit: 7.51%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)
   Check 2: $692,308 @ $13,000,000 (5.33%)
   Check 2 Returns: $0 (2.73% ownership @ exit)

Company 5 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $6,459,184
Return: $0 (own at exit: 8.11%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)
   Check 2: $692,308 @ $18,000,000 (3.85%)
   Check 2 Returns: $0 (1.97% ownership @ exit)

Company 6 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $9,664,122
Return: $0 (own at exit: 5.55%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)
   Check 2: $692,308 @ $18,000,000 (3.85%)
   Check 2 Returns: $0 (1.97% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 8 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 9 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 10 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 11 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.91%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)

Company 12 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 13 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 14 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 16 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 17 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 18 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 19 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 7.17%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)

Company 21 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 3.31%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (3.31% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 23 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 24 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 25 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 26 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 29 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $6,919,862
Return: $0 (own at exit: 7.66%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)
   Check 2: $692,308 @ $15,500,000 (4.47%)
   Check 2 Returns: $0 (2.29% ownership @ exit)

Company 30 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $6,495,008
Return: $0 (own at exit: 8.06%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)
   Check 2: $692,308 @ $18,500,000 (3.74%)
   Check 2 Returns: $0 (1.92% ownership @ exit)

Company 31 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,115,385
Return: $0 (own at exit: 6.85%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (3.31% ownership @ exit)
   Check 2: $692,308 @ $10,000,000 (6.92%)
   Check 2 Returns: $0 (3.54% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.91%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $6,861,789
Return: $0 (own at exit: 7.74%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)
   Check 2: $692,308 @ $15,000,000 (4.62%)
   Check 2 Returns: $0 (2.36% ownership @ exit)

Company 37 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,606,698
Return: $0 (own at exit: 6.17%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)
   Check 2: $692,308 @ $19,000,000 (3.64%)
   Check 2 Returns: $0 (1.87% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $5,379,603
Return: $0 (own at exit: 9.79%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)
   Check 2: $692,308 @ $13,500,000 (5.13%)
   Check 2 Returns: $0 (2.63% ownership @ exit)

Company 39 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $5,791,169
Return: $0 (own at exit: 9.23%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)
   Check 2: $692,308 @ $11,500,000 (6.02%)
   Check 2 Returns: $0 (3.08% 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 31 - $1,170,807,844 exit after 6 rounds
Invested: $1,217,308
Blended Cost Basis: $10,519,062
Return: $48,303,484 (own at exit: 4.13%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $28,773,773 (2.46% ownership @ exit)
   Check 2: $692,308 @ $17,000,000 (4.07%)
   Check 2 Returns: $19,529,710 (1.67% ownership @ exit)

Company 10 - $1,151,255,298 exit after 6 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $28,293,250 (own at exit: 2.46%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $28,293,250 (2.46% ownership @ exit)

Company 3 - $83,961,096 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $6,047,771
Return: $7,363,087 (own at exit: 8.77%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $5,158,569 (6.14% ownership @ exit)
   Check 2: $692,308 @ $13,500,000 (5.13%)
   Check 2 Returns: $2,204,516 (2.63% ownership @ exit)

Company 0 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 1 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,881,537
Return: $0 (own at exit: 6.83%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)
   Check 2: $692,308 @ $14,000,000 (4.95%)
   Check 2 Returns: $0 (2.53% ownership @ exit)

Company 2 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 4 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,933,751
Return: $0 (own at exit: 6.96%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)
   Check 2: $692,308 @ $10,500,000 (6.59%)
   Check 2 Returns: $0 (3.38% ownership @ exit)

Company 5 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,637,427
Return: $0 (own at exit: 6.45%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)
   Check 2: $692,308 @ $10,500,000 (6.59%)
   Check 2 Returns: $0 (3.38% ownership @ exit)

Company 6 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $9,161,191
Return: $0 (own at exit: 5.83%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)
   Check 2: $692,308 @ $18,500,000 (3.74%)
   Check 2 Returns: $0 (1.92% ownership @ exit)

Company 7 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $9,781,457
Return: $0 (own at exit: 5.6%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)
   Check 2: $692,308 @ $14,000,000 (4.95%)
   Check 2 Returns: $0 (2.53% ownership @ exit)

Company 8 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 9 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 7.17%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)

Company 11 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 12 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 13 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 14 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 15 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.91%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)

Company 16 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 17 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 18 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 19 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,000,000
Return: $0 (own at exit: 7.17%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)

Company 20 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 3.58%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)

Company 21 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 22 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 23 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 3.31%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (3.31% ownership @ exit)

Company 24 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 3.07%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (3.07% ownership @ exit)

Company 25 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 4.3%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (4.3% ownership @ exit)

Company 26 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 6.14%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (6.14% ownership @ exit)

Company 27 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 3.91%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)

Company 28 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,674,137
Return: $0 (own at exit: 6.93%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)
   Check 2: $692,308 @ $16,500,000 (4.2%)
   Check 2 Returns: $0 (2.15% ownership @ exit)

Company 29 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,791,667
Return: $0 (own at exit: 6.26%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (3.31% ownership @ exit)
   Check 2: $692,308 @ $12,000,000 (5.77%)
   Check 2 Returns: $0 (2.95% ownership @ exit)

Company 30 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $5,757,300
Return: $0 (own at exit: 9.03%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $0 (7.17% ownership @ exit)
   Check 2: $692,308 @ $19,000,000 (3.64%)
   Check 2 Returns: $0 (1.87% ownership @ exit)

Company 32 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 33 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $8,687,636
Return: $0 (own at exit: 6.2%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (3.91% ownership @ exit)
   Check 2: $692,308 @ $15,500,000 (4.47%)
   Check 2 Returns: $0 (2.29% ownership @ exit)

Company 34 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 5.38%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (5.38% ownership @ exit)

Company 35 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,075,261
Return: $0 (own at exit: 7.61%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)
   Check 2: $692,308 @ $12,500,000 (5.54%)
   Check 2 Returns: $0 (2.84% ownership @ exit)

Company 36 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 4.78%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)

Company 37 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $9,403,106
Return: $0 (own at exit: 5.73%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (3.58% ownership @ exit)
   Check 2: $692,308 @ $16,500,000 (4.2%)
   Check 2 Returns: $0 (2.15% ownership @ exit)

Company 38 - $0 exit after 5 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 3.31%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (3.31% ownership @ exit)

Company 39 - $0 exit after 5 rounds
Invested: $1,217,308
Blended Cost Basis: $7,075,261
Return: $0 (own at exit: 7.61%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (4.78% ownership @ exit)
   Check 2: $692,308 @ $12,500,000 (5.54%)
   Check 2 Returns: $0 (2.84% 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
$30,000,000
Investments
40
Reserve
30%
Follow-on rate
30%
Follow-on Picking
Above Average Picking

Fork this model

Indian Preseed Market

Early Stage Indian Startups

Company Valuations

Entry Valuation
$3-7M
Follow-on Valuation
$10-20M

Dilution

Dilution Per Round
20%

Outcome Distribution

Probability Exit Rounds
1% $1B 6
2% $500M 5
5% $100M 5
92% $0 5

Fork of IBEX Early Stage Equity Fund

Portfolio Size
40
Initial Ownership
8.07%
Terminal Ownership
6.42%
Median TVPI
1.58
Chance of 3x
18.8%
Blended Cost Basis
$8M