# Venture Capital Model

Comprehensive financial model template to forecast investments, proceeds, cash flows, and performance metrics for a venture investment strategy.

4.8(41)1,156 downloads

Venture Investor Model, Quarterly Forecast, by Foresight (Make a copy or Download) - Google Sheets - 19 January 2022

## Highlights

Forecast the full life of a venture capital fund, capital deployment, follow-ons, proceeds, distributions, and every standard performance metric (Gross/Net IRR, Multiple, RVPI, DPI, TVPI). Quarterly cash flows over up to 20 years. Built for GPs, emerging managers, and LPs who need a real model behind a fund strategy.

## What you'll do with it

Forecast a fund from first close to final distribution. Capital deployment, follow-on reserves, graduation rates, exits, distributions, and management fees, quarterly, over up to 20 years. Every standard performance metric (Gross/Net IRR, Multiple, RVPI, DPI, TVPI) calculated automatically.

Built for emerging managers who need a real model to underwrite the fund strategy, established GPs who want to pressure-test changes, and LPs evaluating fund mechanics from the inside.

Use it to model funds, rolling funds, SPVs, syndicates, or any vehicle deploying venture capital. Not just a fund, anywhere VC investing structure matters.

## How it's structured

- **Get Started**, primary fund inputs (size, term, fee structure, deployment pace)
- **Portfolio Construction**, check sizes, follow-on reserves, graduation rates, exit valuations and timing
- **Forecast**, capital deployment, proceeds, cash flows, fund metrics (calculated)
- **Financials**, statement of operations, financial condition, cash flows (quarterly)
- **Management Company**, budget the expenses of the entity running the fund
- **Key Reports**, charts and metrics for LP and IC discussions

## Common questions

**Funds only, or other VC vehicles?**

Use it for funds, rolling funds, SPVs, syndicates, or angel structures. The fund-specific waterfall and management fee logic can be turned off or bypassed.

**What if I just want to understand fund economics first?**

Start with the [Fund Economics Tool](https://www.hemrock.com/venture-fund-model-overall), free, simpler, no operational-level cash flow modeling. Get the shape, then move up to this if you need the full forecast.

**European or American waterfall?**

Both. Plus SPV waterfalls. Multi-tiered carry, preferred return, and GP catch-up are all prebuilt.

**Excel or Google Sheets?**

Both. All formulas open, no macros.

## Ratings

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4.8(41 ratings)

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