Fork of Fork of IBEX Early Stage Equity Fund by @ZanDapcevic

Probability of Fund Multiple

1x
95.7%
3x
32.5%
10x
2.8%

TVPI Distribution

3rd Quartile
1.76
Median
2.36
Top Quartile
3.44

Investments

Initial Check
$525K
Follow-on
$692.3K
Blended Cost Basis
$9.6M

Company Ownership

Avg Initial
10.86%
Avg At Exit
12.42%
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 34 - $1,179,134,273 exit after 6 rounds
Invested: $1,217,308
Blended Cost Basis: $17,012,731
Return: $29,219,948 (own at exit: 2.48%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $21,352,508 (1.81% ownership @ exit)
   Check 2: $692,308 @ $42,500,000 (1.63%)
   Check 2 Returns: $7,867,439 (0.67% ownership @ exit)

Company 15 - $114,351,179 exit after 4 rounds
Invested: $1,217,308
Blended Cost Basis: $23,236,234
Return: $3,285,142 (own at exit: 2.87%)
   Check 1: $525,000 @ $14,000,000 (3.75%)
   Check 1 Returns: $2,195,542 (1.92% ownership @ exit)
   Check 2: $692,308 @ $46,500,000 (1.49%)
   Check 2 Returns: $1,089,599 (0.95% ownership @ exit)

Company 18 - $59,243,370 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $23,272,333
Return: $2,135,875 (own at exit: 3.61%)
   Check 1: $525,000 @ $14,500,000 (3.62%)
   Check 1 Returns: $1,372,811 (2.32% ownership @ exit)
   Check 2: $692,308 @ $43,000,000 (1.61%)
   Check 2 Returns: $763,063 (1.29% ownership @ exit)

Company 37 - $58,727,203 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $13,917,891
Return: $3,589,918 (own at exit: 6.11%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $2,077,088 (3.54% ownership @ exit)
   Check 2: $692,308 @ $21,500,000 (3.22%)
   Check 2 Returns: $1,512,829 (2.58% ownership @ exit)

Company 10 - $52,634,438 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $5,953,772
Return: $7,135,541 (own at exit: 13.56%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $5,895,057 (11.2% ownership @ exit)
   Check 2: $692,308 @ $23,500,000 (2.95%)
   Check 2 Returns: $1,240,484 (2.36% ownership @ exit)

Company 12 - $51,910,615 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $17,428,822
Return: $2,565,115 (own at exit: 4.94%)
   Check 1: $525,000 @ $13,000,000 (4.04%)
   Check 1 Returns: $1,341,689 (2.58% ownership @ exit)
   Check 2: $692,308 @ $23,500,000 (2.95%)
   Check 2 Returns: $1,223,425 (2.36% ownership @ exit)

Company 5 - $50,103,410 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $21,519,032
Return: $1,977,181 (own at exit: 3.95%)
   Check 1: $525,000 @ $14,500,000 (3.62%)
   Check 1 Returns: $1,161,016 (2.32% ownership @ exit)
   Check 2: $692,308 @ $34,000,000 (2.04%)
   Check 2 Returns: $816,164 (1.63% ownership @ exit)

Company 4 - $47,823,616 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $9,173,913
Return: $4,273,224 (own at exit: 8.94%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $3,213,746 (6.72% ownership @ exit)
   Check 2: $692,308 @ $25,000,000 (2.77%)
   Check 2 Returns: $1,059,477 (2.22% ownership @ exit)

Company 21 - $46,149,448 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $5,370,109
Return: $6,818,382 (own at exit: 14.77%)
   Check 1: $525,000 @ $2,500,000 (21%)
   Check 1 Returns: $6,202,485 (13.44% ownership @ exit)
   Check 2: $692,308 @ $41,500,000 (1.67%)
   Check 2 Returns: $615,896 (1.33% ownership @ exit)

Company 31 - $45,758,373 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $7,352,780
Return: $4,962,312 (own at exit: 10.84%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $4,392,803 (9.6% ownership @ exit)
   Check 2: $692,308 @ $44,500,000 (1.56%)
   Check 2 Returns: $569,507 (1.24% ownership @ exit)

Company 36 - $43,981,915 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $15,830,207
Return: $2,316,796 (own at exit: 5.27%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $1,555,570 (3.54% ownership @ exit)
   Check 2: $692,308 @ $32,000,000 (2.16%)
   Check 2 Returns: $761,225 (1.73% ownership @ exit)

Company 29 - $41,654,594 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $15,977,728
Return: $2,127,212 (own at exit: 5.11%)
   Check 1: $525,000 @ $8,500,000 (6.18%)
   Check 1 Returns: $1,646,581 (3.95% ownership @ exit)
   Check 2: $692,308 @ $48,000,000 (1.44%)
   Check 2 Returns: $480,629 (1.15% ownership @ exit)

Company 0 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 5.25%)
   Check 1: $525,000 @ $10,000,000 (5.25%)
   Check 1 Returns: $0 (5.25% ownership @ exit)

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

Company 2 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 6.56%)
   Check 1: $525,000 @ $8,000,000 (6.56%)
   Check 1 Returns: $0 (6.56% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $12,500,000
Return: $0 (own at exit: 4.2%)
   Check 1: $525,000 @ $12,500,000 (4.2%)
   Check 1 Returns: $0 (4.2% ownership @ exit)

Company 6 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 3.5%)
   Check 1: $525,000 @ $15,000,000 (3.5%)
   Check 1 Returns: $0 (3.5% ownership @ exit)

Company 7 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 26.25%)
   Check 1: $525,000 @ $2,000,000 (26.25%)
   Check 1 Returns: $0 (26.25% ownership @ exit)

Company 8 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 3.89%)
   Check 1: $525,000 @ $13,500,000 (3.89%)
   Check 1 Returns: $0 (3.89% ownership @ exit)

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

Company 11 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 21%)
   Check 1: $525,000 @ $2,500,000 (21%)
   Check 1 Returns: $0 (21% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 15%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 15%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 3.89%)
   Check 1: $525,000 @ $13,500,000 (3.89%)
   Check 1 Returns: $0 (3.89% ownership @ exit)

Company 17 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 15%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $10,000,000
Return: $0 (own at exit: 5.25%)
   Check 1: $525,000 @ $10,000,000 (5.25%)
   Check 1 Returns: $0 (5.25% ownership @ exit)

Company 20 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 7%)
   Check 1: $525,000 @ $7,500,000 (7%)
   Check 1 Returns: $0 (7% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 3.5%)
   Check 1: $525,000 @ $15,000,000 (3.5%)
   Check 1 Returns: $0 (3.5% ownership @ exit)

Company 23 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 8.75%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (8.75% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 8.75%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (8.75% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 26.25%)
   Check 1: $525,000 @ $2,000,000 (26.25%)
   Check 1 Returns: $0 (26.25% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 8.08%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (8.08% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $3,500,000
Return: $0 (own at exit: 15%)
   Check 1: $525,000 @ $3,500,000 (15%)
   Check 1 Returns: $0 (15% ownership @ exit)

Company 28 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $7,000,000
Return: $0 (own at exit: 7.5%)
   Check 1: $525,000 @ $7,000,000 (7.5%)
   Check 1 Returns: $0 (7.5% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 5.83%)
   Check 1: $525,000 @ $9,000,000 (5.83%)
   Check 1 Returns: $0 (5.83% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $525,000 @ $14,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,500,000
Return: $0 (own at exit: 21%)
   Check 1: $525,000 @ $2,500,000 (21%)
   Check 1 Returns: $0 (21% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 26.25%)
   Check 1: $525,000 @ $2,000,000 (26.25%)
   Check 1 Returns: $0 (26.25% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,000,000
Return: $0 (own at exit: 8.75%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $0 (8.75% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 4.04%)
   Check 1: $525,000 @ $13,000,000 (4.04%)
   Check 1 Returns: $0 (4.04% 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 15 - $1,196,307,206 exit after 6 rounds
Invested: $1,217,308
Blended Cost Basis: $18,806,212
Return: $27,430,136 (own at exit: 2.29%)
   Check 1: $525,000 @ $12,000,000 (4.38%)
   Check 1 Returns: $17,150,260 (1.43% ownership @ exit)
   Check 2: $692,308 @ $33,000,000 (2.1%)
   Check 2 Returns: $10,279,876 (0.86% ownership @ exit)

Company 29 - $989,935,886 exit after 6 rounds
Invested: $1,217,308
Blended Cost Basis: $19,612,835
Return: $21,760,729 (own at exit: 2.2%)
   Check 1: $525,000 @ $12,500,000 (4.2%)
   Check 1 Returns: $13,624,052 (1.38% ownership @ exit)
   Check 2: $692,308 @ $34,500,000 (2.01%)
   Check 2 Returns: $8,136,677 (0.82% ownership @ exit)

Company 5 - $59,668,347 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $2,232,110
Return: $21,020,538 (own at exit: 35.23%)
   Check 1: $525,000 @ $1,000,000 (52.5%)
   Check 1 Returns: $20,048,564 (33.6% ownership @ exit)
   Check 2: $692,308 @ $34,000,000 (2.04%)
   Check 2 Returns: $971,973 (1.63% ownership @ exit)

Company 17 - $59,014,096 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $3,255,942
Return: $14,346,217 (own at exit: 24.31%)
   Check 1: $525,000 @ $1,500,000 (35%)
   Check 1 Returns: $13,219,157 (22.4% ownership @ exit)
   Check 2: $692,308 @ $29,000,000 (2.39%)
   Check 2 Returns: $1,127,059 (1.91% ownership @ exit)

Company 23 - $57,688,101 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $10,104,903
Return: $4,751,978 (own at exit: 8.24%)
   Check 1: $525,000 @ $6,000,000 (8.75%)
   Check 1 Returns: $3,230,533 (5.6% ownership @ exit)
   Check 2: $692,308 @ $21,000,000 (3.3%)
   Check 2 Returns: $1,521,444 (2.64% ownership @ exit)

Company 28 - $56,953,108 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $15,747,700
Return: $2,990,448 (own at exit: 5.25%)
   Check 1: $525,000 @ $9,000,000 (5.83%)
   Check 1 Returns: $2,126,249 (3.73% ownership @ exit)
   Check 2: $692,308 @ $36,500,000 (1.9%)
   Check 2 Returns: $864,198 (1.52% ownership @ exit)

Company 0 - $54,945,278 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $19,999,230
Return: $2,274,176 (own at exit: 4.14%)
   Check 1: $525,000 @ $11,500,000 (4.57%)
   Check 1 Returns: $1,605,357 (2.92% ownership @ exit)
   Check 2: $692,308 @ $45,500,000 (1.52%)
   Check 2 Returns: $668,818 (1.22% ownership @ exit)

Company 6 - $54,646,803 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $6,410,650
Return: $6,771,322 (own at exit: 12.39%)
   Check 1: $525,000 @ $3,000,000 (17.5%)
   Check 1 Returns: $6,120,441 (11.2% ownership @ exit)
   Check 2: $692,308 @ $46,500,000 (1.49%)
   Check 2 Returns: $650,880 (1.19% ownership @ exit)

Company 18 - $48,769,925 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $17,192,593
Return: $2,390,067 (own at exit: 4.9%)
   Check 1: $525,000 @ $11,000,000 (4.77%)
   Check 1 Returns: $1,489,699 (3.05% ownership @ exit)
   Check 2: $692,308 @ $30,000,000 (2.31%)
   Check 2 Returns: $900,367 (1.85% ownership @ exit)

Company 7 - $45,632,531 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $20,007,024
Return: $1,901,745 (own at exit: 4.17%)
   Check 1: $525,000 @ $12,000,000 (4.38%)
   Check 1 Returns: $1,277,710 (2.8% ownership @ exit)
   Check 2: $692,308 @ $40,500,000 (1.71%)
   Check 2 Returns: $624,034 (1.37% ownership @ exit)

Company 20 - $44,075,960 exit after 3 rounds
Invested: $1,217,308
Blended Cost Basis: $19,400,503
Return: $1,890,533 (own at exit: 4.29%)
   Check 1: $525,000 @ $11,500,000 (4.57%)
   Check 1 Returns: $1,287,784 (2.92% ownership @ exit)
   Check 2: $692,308 @ $40,500,000 (1.71%)
   Check 2 Returns: $602,748 (1.37% ownership @ exit)

Company 1 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 6.56%)
   Check 1: $525,000 @ $8,000,000 (6.56%)
   Check 1 Returns: $0 (6.56% ownership @ exit)

Company 2 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 4.04%)
   Check 1: $525,000 @ $13,000,000 (4.04%)
   Check 1 Returns: $0 (4.04% ownership @ exit)

Company 3 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $4,000,000
Return: $0 (own at exit: 13.12%)
   Check 1: $525,000 @ $4,000,000 (13.12%)
   Check 1 Returns: $0 (13.12% ownership @ exit)

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

Company 8 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 6.56%)
   Check 1: $525,000 @ $8,000,000 (6.56%)
   Check 1 Returns: $0 (6.56% ownership @ exit)

Company 9 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,000,000
Return: $0 (own at exit: 6.56%)
   Check 1: $525,000 @ $8,000,000 (6.56%)
   Check 1 Returns: $0 (6.56% ownership @ exit)

Company 10 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $9,000,000
Return: $0 (own at exit: 5.83%)
   Check 1: $525,000 @ $9,000,000 (5.83%)
   Check 1 Returns: $0 (5.83% ownership @ exit)

Company 11 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 26.25%)
   Check 1: $525,000 @ $2,000,000 (26.25%)
   Check 1 Returns: $0 (26.25% ownership @ exit)

Company 12 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $2,000,000
Return: $0 (own at exit: 26.25%)
   Check 1: $525,000 @ $2,000,000 (26.25%)
   Check 1 Returns: $0 (26.25% ownership @ exit)

Company 13 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 5.53%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $0 (5.53% ownership @ exit)

Company 14 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 8.08%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (8.08% ownership @ exit)

Company 16 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 5.53%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $0 (5.53% ownership @ exit)

Company 19 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $15,000,000
Return: $0 (own at exit: 3.5%)
   Check 1: $525,000 @ $15,000,000 (3.5%)
   Check 1 Returns: $0 (3.5% ownership @ exit)

Company 21 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $4,500,000
Return: $0 (own at exit: 11.67%)
   Check 1: $525,000 @ $4,500,000 (11.67%)
   Check 1 Returns: $0 (11.67% ownership @ exit)

Company 22 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $1,000,000
Return: $0 (own at exit: 52.5%)
   Check 1: $525,000 @ $1,000,000 (52.5%)
   Check 1 Returns: $0 (52.5% ownership @ exit)

Company 24 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $5,000,000
Return: $0 (own at exit: 10.5%)
   Check 1: $525,000 @ $5,000,000 (10.5%)
   Check 1 Returns: $0 (10.5% ownership @ exit)

Company 25 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 6.18%)
   Check 1: $525,000 @ $8,500,000 (6.18%)
   Check 1 Returns: $0 (6.18% ownership @ exit)

Company 26 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $14,000,000
Return: $0 (own at exit: 3.75%)
   Check 1: $525,000 @ $14,000,000 (3.75%)
   Check 1 Returns: $0 (3.75% ownership @ exit)

Company 27 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 4.04%)
   Check 1: $525,000 @ $13,000,000 (4.04%)
   Check 1 Returns: $0 (4.04% ownership @ exit)

Company 30 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,500,000
Return: $0 (own at exit: 3.89%)
   Check 1: $525,000 @ $13,500,000 (3.89%)
   Check 1 Returns: $0 (3.89% ownership @ exit)

Company 31 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $13,000,000
Return: $0 (own at exit: 4.04%)
   Check 1: $525,000 @ $13,000,000 (4.04%)
   Check 1 Returns: $0 (4.04% ownership @ exit)

Company 32 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $7,500,000
Return: $0 (own at exit: 7%)
   Check 1: $525,000 @ $7,500,000 (7%)
   Check 1 Returns: $0 (7% ownership @ exit)

Company 33 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $5,500,000
Return: $0 (own at exit: 9.55%)
   Check 1: $525,000 @ $5,500,000 (9.55%)
   Check 1 Returns: $0 (9.55% ownership @ exit)

Company 34 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $11,500,000
Return: $0 (own at exit: 4.57%)
   Check 1: $525,000 @ $11,500,000 (4.57%)
   Check 1 Returns: $0 (4.57% ownership @ exit)

Company 35 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 6.18%)
   Check 1: $525,000 @ $8,500,000 (6.18%)
   Check 1 Returns: $0 (6.18% ownership @ exit)

Company 36 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $9,500,000
Return: $0 (own at exit: 5.53%)
   Check 1: $525,000 @ $9,500,000 (5.53%)
   Check 1 Returns: $0 (5.53% ownership @ exit)

Company 37 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $11,000,000
Return: $0 (own at exit: 4.77%)
   Check 1: $525,000 @ $11,000,000 (4.77%)
   Check 1 Returns: $0 (4.77% ownership @ exit)

Company 38 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $8,500,000
Return: $0 (own at exit: 6.18%)
   Check 1: $525,000 @ $8,500,000 (6.18%)
   Check 1 Returns: $0 (6.18% ownership @ exit)

Company 39 - $0 exit after 1 rounds
Invested: $525,000
Blended Cost Basis: $6,500,000
Return: $0 (own at exit: 8.08%)
   Check 1: $525,000 @ $6,500,000 (8.08%)
   Check 1 Returns: $0 (8.08% 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

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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

Fork of Fork of IBEX Early Stage Equity Fund

Portfolio Size
40
Initial Ownership
11.3%
Terminal Ownership
6.65%
Median TVPI
1.53
Chance of 3x
18%
Blended Cost Basis
$7M