Venture Capital case studies, worked step by step

Cases
100
Traced to a firm
33
Topics
13
Hard
30
Topic
All topicsTerm sheets and waterfalls9Company pitch10Portfolio management and follow-ons8Unit economics9Down rounds, distress and runway7Fund economics and LP maths6Market sizing and theses8SaaS metrics and diagnostics9Cap tables and round modelling8Growth equity returns8Diligence and red flags5Exits and secondaries6Early-stage valuation7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–6 of 6 · filtered from 100Clear filters
  1. 006Meghvik Capital runs a Rs 250 crore fund on a 2% fee. Does the fee cover the team, and what would each partner earn in carry if the fund returns 2.5x gross?Fund economics and LP mathsWarm upFund of funds and LPsSeed and early-stage VC
  2. 019Vanshvik Family Office committed Rs 50 crore to a venture fund. Given the capital calls, distributions and reported NAVs, draw its J-curve and compute DPI, TVPI and IRR at years 5, 8 and 10.Fund economics and LP mathsCoreFund of funds and LPsMulti-stage VC
  3. 030Sudhvik Partners Fund III exits its first deal early for a big gain and later loses heavily on its second. Compare the carry paid under a deal-by-deal waterfall and a whole-fund waterfall, and work out the clawback at the end.Fund economics and LP mathsHardFund of funds and LPsGrowth equity
  4. 043Kaalvik Growth Fund I is in year eleven with two assets left. The GP proposes a continuation vehicle at a 10% discount to NAV. What does a selling LP get, what must the assets reach for a rolling LP to do better, and where is the conflict?Fund economics and LP mathsHardSecondariesFund of funds and LPs
  5. 063Nakshvik Ventures Fund I reports a TVPI of 2.4x and a DPI of 0.3x in year eight, and most of its NAV sits in three companies last priced in 2021. What is a realistic TVPI, and what will the LPs ask?Fund economics and LP mathsCoreFund of funds and LPsMulti-stage VC
  6. 088Build the model for Lakshvik Seed Fund I: Rs 400 crore, 2% fees for ten years, Rs 3 crore initial cheques for 12%, half of investable capital reserved for follow-ons, 40% dilution on initial stakes. How many companies does it back, and what total exit value must the portfolio produce for 3x net after 20% carry?Fund economics and LP mathsHardSeed and early-stage VCFund of funds and LPs

Company names and figures are illustrative.