# What is Total Value to Paid-In Capital? Definition & Technical Mechanics

> **Source:** [SPIDITS AI Startup & Venture Intelligence Glossary](https://spidits.com/startup-glossary)  
> **Category:** Metrics  
> **Canonical Citation:** [https://spidits.com/startup-glossary/tvpi](https://spidits.com/startup-glossary/tvpi)

## Definition
Total Value to Paid-In Capital (TVPI) is a performance metric for venture capital funds that measures the total value (realized returns + paper value) relative to the amount of capital paid in by investors.

## Architectural Mechanics & Deep Dive
Total Value to Paid-In Capital (TVPI) is a performance metric for venture capital funds that measures the total value (realized returns + paper value) relative to the amount of capital paid in by investors.

## Industry Applications & Real-World Use Cases
VC fund performance and valuation auditing

## Frequently Asked Questions

### How is TVPI calculated?
TVPI = (Cumulative Distributions + Remaining Value) / Cumulative Paid-In Capital.

### What is a good TVPI ratio?
A TVPI of 3.0x or higher over a fund's 10-year lifetime is generally considered strong.

## Related Terminology
- [dpi](https://spidits.com/startup-glossary/dpi)
- [moic](https://spidits.com/startup-glossary/moic)
- [irr](https://spidits.com/startup-glossary/irr)

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*From the SPIDITS AI Knowledge Base (311+ terms indexed). Explore full technical definitions: [https://spidits.com/startup-glossary](https://spidits.com/startup-glossary)*