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Deal Evaluation

Startup Return Calculator

Model your return at exit across scenarios — accounting for dilution from future rounds.

Investment Details

$
%
%

Exit ownership after dilution

6.40% (from 10% entry)

Return Scenarios

Write-off$0
Total loss
1× return$320,000
0.6× MOIC · -6% IRR$5.0M exit
3× return$960,000
1.9× MOIC · 10% IRR$15.0M exit
10× return$3.2M
6.4× MOIC · 30% IRR$50.0M exit
30× return$9.6M
19.2× MOIC · 53% IRR$150.0M exit
100× return$32.0M
64.0× MOIC · 81% IRR$500.0M exit

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How to Use This Tool

Enter your investment amount, the company's valuation at entry, and the expected exit valuation. The calculator shows your return multiple and IRR based on the holding period.

Why This Matters

Every VC investment is ultimately evaluated on its return multiple. A 10x return on a $500,000 check generates $5,000,000 — meaningful for a $20,000,000 fund but barely noticeable for a $500,000,000 fund. Understanding return math helps you make better investment decisions and set appropriate expectations.

What to Do With Your Results

  1. 1Model the fund-level impact — does this single return meaningfully move your fund's TVPI?
  2. 2Account for dilution — your ownership will decrease in future rounds unless you exercise pro-rata.
  3. 3Consider holding period — a 5x in 3 years is far better than a 5x in 10 years (IRR matters).

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