Interactive Tool
Angel return calculator
Model a single deal outcome. This shows what one exit scenario could return — remember that most angel investments return less than they returned here, which is why portfolio construction matters more than any single bet.
Your deal
Estimated outcome
- Your ownership at exit
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- Your proceeds at exit
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- Multiple (MOIC)
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- Annualized return (IRR)
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Illustrative only — does not account for liquidation preferences, taxes, fees or carry, or the fact that most angel investments return less than the capital invested. See our pitch red flags and angel investing basics for the realistic base rates behind these numbers.
Frequently asked questions
Why include a "dilution by exit" input?
Startups typically raise several more rounds between your check and an exit, each diluting earlier holders unless they exercise pro-rata rights. A 40–60% total dilution by exit is a common planning assumption for a company that raises multiple future rounds.
What is MOIC versus IRR?
MOIC (multiple on invested capital) is simply how many times your money came back, ignoring time. IRR (internal rate of return) annualizes that multiple based on how many years the money was tied up — a 5x MOIC over 3 years is a much higher IRR than a 5x MOIC over 10 years.
Is this a realistic model of typical angel returns?
No — this tool models a single successful exit scenario you define. In reality, most individual angel investments return less than the capital invested, and portfolio-level returns depend on one or two outsized winners covering many losses. See our angel investing basics page for that broader context.