$180'000 is distributed over 6 projects, the fund receives a 6% share in each of them. The startup assumes the obligation to repurchase the stake upon the attraction of Series A according to the company's valuation at that time.
The survival rate of startups (vitality) ranges from 16.7% to 33.3%: this is the share of projects that successfully attract Series A within a year after attracting pre-seed.
This means that 1 or 2 projects out of 6 will reach serial production.
Growth multiplier of a startup's assessment from the pre-seed stage to the stage
Series A - from 10 to 16 (the valuation of a 6% share grows from $30'000 to $300'000-$480'000).
Depending on the vitality indicators and the growth multiplier for each of the projects, at the time the fund is closed, it will have from $ 180,000 to $ 720,000.
This financial instrument is a good portfolio asset, competing with other highly profitable risky investments.