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A VC fund invested $1 million in a venture at Year 0 and invested another $1 million in the same venture at the end of
A VC fund invested $1 million in a venture at Year 0 and invested another $1 million in the same venture at the end of Year 2. Upon exit at the end of year 6, the overall IRR achieved by the VC fund is 45%. If the exit valuation of the entire venture is $100 million, what is the percentage shareholding of the VC fund in the venture at the time of exit?
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