Startup Investor Return Calculator: Exit Multiple & IRR
See what a startup cheque could return. Enter your investment, the entry post-money valuation, expected dilution from later rounds, the exit value and holding period to get your ownership at exit, proceeds, multiple and IRR.
Entry % = Investment รท Post-money Exit % = Entry % ร (1 โ future dilution) Proceeds = Exit % ร Exit value IRR = (Proceeds รท Investment)^(1 รท years) โ 1
โ ๏ธ Pre-tax illustration, not investment advice.
What the Investor Return Calculator does
- โ Ownership at entry and exit
- โ Exit proceeds and MOIC
- โ IRR over the holding period
- โ Verdict vs venture return targets
- โ Copy or share
How to use the Investor Return Calculator
- STEP 1Enter your numbersType the figures you know. Every field starts with a realistic example so you can see how it works.
- STEP 2Read the result instantlyResults, tables and the plain-English explanation update as you type. No submit button, no login.
- STEP 3Test scenariosChange one assumption at a time (valuation, growth, dilution, exit) to see what really moves the outcome.
- STEP 4Share or saveCopy the summary, send it on WhatsApp or print to PDF for your co-founders, board or investment committee.
Why early-stage investors need 10x+ potential
Most early-stage investments return little or nothing. A portfolio works only if a few companies return many times the money, so angels and seed funds look for each deal to have a credible path to 10x or more.
Dilution is the most underestimated input. Two or three later rounds at 15โ25% each typically cut early ownership by 35โ55% before exit unless you follow on.
Worked example
โน25 L at a โน25 Cr post-money is 1%. After 40% dilution you own 0.6%. A โน500 Cr exit after 7 years returns โน3 Cr: 12x and about 43% IRR.
Frequently asked questions
What is a good return on a startup investment?
Venture investors target 3x+ net for a whole portfolio (roughly 20โ25%+ IRR). For each individual early-stage deal they look for 10x+ potential because many deals fail.
How much dilution should I assume?
Roughly 15โ25% per future priced round. From seed to exit, 40โ60% total dilution is a reasonable planning range if you do not follow on.
Does this include liquidation preference?
No. Use the exit scenario simulator or liquidation preference calculator to model preferences in low exits.
Is this tool free? Do I need to sign up?
Yes. It is completely free, needs no login and has no usage limit. FastFee builds payment collection software; these startup and investor tools are free resources for founders, angels and fund managers.
Is my data private?
Yes. Everything you type stays in your own browser on this device (local storage). Nothing is uploaded to FastFee. Export or print a copy if you need to keep it.
Use it together with
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