Quiz
Fund modeling
Run a fund and the mistakes compound: reserves, recycling, the waterfall, and the metrics LPs read before they wire. See which answers you'd have trusted.
Question 1 of 8
A GP running a $50M fund says every initial check should go into a company that can 'return the fund.' A common answer explains what that requires.
A common answer
The company needs to reach a $50M valuation, so the position can be marked at the full fund size.
How would you grade it?
How sure are you?