Will You Actually Make Money From This SPV?

A reality check for late-stage SPV investments (spoiler: probably not as much as you think)

This calculator reveals the uncomfortable truth about stacked SPV fees

Every layer of "access" comes with management fees and carry that compound. Your $1 might only be $0.90 by the time it reaches the actual company.

Investment Parameters

Let's start with the basics (spoiler: it gets worse from here)

Initial Investment ($)

Entry Valuation ($B)

Time to Exit (Years)

SPV Layers

The more layers, the more "financial engineering" (read: fees)

Layer 1

One-Time Fee (%)

Annual Management Fee (%)

Fee Duration (Years)

Carry (%)

Fill in all investment details to calculate