Founder Tools

VC Math

Fund Return Calculator

Understand what return your company needs to deliver for a VC fund — and why they care so much about multiples.

Deal Details

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Fund Return Analysis

Investor proceeds at exit

$20.0M

6.7× on invested capital

Return multiple (MOIC)6.7×
Approx. IRR (7-year hold)31.1%
% of fund returned40.0%

What exit returns the fund?

1× fund ($50.0M)$500.0M exit
3× fund ($150.0M)$1.50B exit

This is why VCs need outlier outcomes — most funds need each investment to have a path to returning the entire fund.

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