IRR Calculator.xls

	A	C	D	E	F	G	H	I	J	K	L	M	N	P	Q
1														Follow on
2	All currency related numbers in millions USD											Fund Size	40	Follow on Reserve	10
3												Portfolio	35	No. of portfolio	10
5												Investment	$ 0.86	Follow on size	$ 1
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8		Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
9	No. of invested companies	10	10	10	5	0	0	0	0	0	0
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11	No. of follow on rounds	0	0	4	3	3	0	0	0	0	0
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15		Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
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17	Cash Outflow	$ (8.60)	$ (8.60)	$ (12.60)	$ (7.30)	$ (3.00)	$ -	$ -	$ -	$ -	$ -
18	Cash Inflow					$ 7	$ 7	$ 7	$ 10	$ 64	$ 64
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20	Net	$ (9)	$ (9)	$ (13)	$ (7)	$ 4	$ 7	$ 7	$ 10	$ 64	$ 64
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24		IRR	25%
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27	Assumptions
28	Followed the pareto principle regarding returns. Funds hold on to companies which have great exit potential.
29	Good companies go on to raise a follow on round starting from the third year
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