If you're a GP or LP in venture capital, you've probably spent hours in Excel trying to figure out how carried interest flows across a waterfall. It's messy, error-prone, and nobody wants to rebuild it from scratch.

Here's what a standard VC waterfall looks like:

1. Return of capital (LP gets its money back first)
2. Preferred return (8% hurdle, annual)
3. Catch-up (GP gets 100% until 20% of total profits)
4. Remaining split (80/20 between LP and GP)

I built a Google Sheets model that automates all four tiers. You plug in fund size and exit proceeds, and it calculates GP carry $ instantly. Includes sensitivity tables and example exits.

If you want the template: grab it at https://microtoolsb2b.gumroad.com/l/vc-waterfall

googlesheets #venturecapital #finance #carrymodel