{
  "docId": "019f6b8f-19e2-72df-8c4b-aa621c5e9c8a",
  "docSlug": "jarvis-followon-pro-rata",
  "documentTitle": "followon pro rata",
  "authorId": "followon-pro-rata",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": null,
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 4,
  "pageCount": 10,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "appendix_methodology",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide details the simulation parameters, assumptions regarding follow-on check sizes, and the resulting performance outcomes.",
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-19e2-72df-8c4b-aa621c5e9c8a/4",
  "deckHref": "/decks/019f6b8f-19e2-72df-8c4b-aa621c5e9c8a",
  "deckJsonHref": "/decks/019f6b8f-19e2-72df-8c4b-aa621c5e9c8a.json",
  "deckAnchorHref": "/decks/019f6b8f-19e2-72df-8c4b-aa621c5e9c8a#slide-4",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.84
      },
      "kind": "disclaimer",
      "text": "4 We also analysed the effect of having follow-on checks be proportionate to the increase in valuation instead of equally sized to the original checks; this did not qualitatively change our results.",
      "attrs": null,
      "subkind": "disclaimer",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5d196fa1-f17c-41b9-846d-63256bc86089",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "We simulate Never by having the investor write equal-sized checks into all of these potential seed-stage investments. But we cannot necessarily have Always or Double make all of the potential investments because some of their past investments might convert...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f62b06e-8e74-4951-94ea-daaaf879b551",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.67
      },
      "kind": "paragraph",
      "text": "We ran 10,000 simulations of the performance of the strategies targeting ten investments per year. We experimented with different numbers of target investments; the biggest change from increasing the number of investments is an increase in median strategy performance...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6d71415-6c3a-4717-82bf-ebee5a390403",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.1,
        "x": 0.05,
        "y": 0.62
      },
      "kind": "title",
      "text": "Results",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2c04c9e0-f7c9-4b6a-9651-899f9c04a287",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Othman - Should Seed Investors Follow On?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0e644df-2f18-4d37-8894-020bc45503b9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chartjunk Elimination",
      "slug": "chartjunk-elimination",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "94157b9c-52f3-4385-8ddf-5f4f2fee4b94",
      "evidence": "Table 1. Performance of each of the three follow-on investment strategies",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "analytical-method",
      "slug": null,
      "matchId": "48761ab6-89fb-482b-b141-affd6d71a629",
      "evidence": "Simulation methodology described for investment strategy comparison",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "4ad9670d-a068-4724-ade2-0d393af8c291",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The deck presents methodology and data to agitate the problem, making it clearer and more pressing.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 5,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "b0d9021a-6707-4d54-8301-e6c957094f3d",
      "evidence": "The deck presents data and analysis to show the potential costs of inaction.",
      "position": 0,
      "objective": "to highlight the costs of not following on",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}