[Retric]

Your assuming all capital can be invested which seems unlikely given <1000$ investments and significant capital.

Assuming a limited 'deal flow' you want to tailor things so you get the maximum total returns not just highest return on invested money.

[logicallee]

Define "you". I didn't think a maximum round of $9600.50 for a seed into a business needs to be considered by a VC who normally invests $500,000 for example - it can be a different group of people. Likewise for a $100 'seed'.

It is hard to imagine that these amounts are actual legitimate seed amounts into a business, but, there you go, that's H.

If we don't allow H then it's irrelevant whether the OP started with $100 or $9700. i.e. without H this is not a real, significant, or relevant number. (instead it is clickbait, for example, or a false memory due to lack of recording of actual spend at that stage.)

H is the hypothesis that it is, in fact, relevant and meaningful.