ABCDEFGHIJKLMNOPQRST
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Fund Size10,000,000
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Fee Burden20%2% per year * 10 years
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Total Fee2,000,000
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Net Investment Capital8,000,000
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# Investments16
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Avg Initial Investment250,000
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Avg Initial Pre-Money Valuation3,500,000
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Avg Round Size500,000
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Avg Initial Ownership %6.25%
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Follow-on Reserve Ratio1.00
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Avg Follow-on Investment250,000
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Total $ Invested / Exit500,000
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Dilution Factor33%
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Avg Ownership % at Exit4.19%
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Target Fund Return Multiple
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330,000,000
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440,000,000
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550,000,000
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Outcome Distribution %
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Losers33%
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Money Back33%
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Winners33%
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# of Outcomes
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Losers5
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Money Back5
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Winners5
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Total $ Returns by Outcome
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Losers0
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Money Back2,640,000
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Winners (backsolved from Target Fund Multiple)
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327,360,000
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437,360,000
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547,360,000
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Implied Total Winner Exit Value by Target Multiple
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3653,373,134
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4892,179,104
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51,130,985,075
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Implied Avg Exit Value per Winner by Target Multiple
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3123,744,912
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4168,973,315
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5214,201,719
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