answer these in at least 7 sentences or more:

1. What is a capital call? How does this process work in a fund in regard to LPs and GPs? Where are the funds kept until the capital is deployed? 2. Explain how the payback period doesnt account for the time value of money and what this means when assessing business opportunities.

3. Based on course concepts and readings, explain why a VC or PE would prefer CoC vs IRR. Be able to thoroughly explain how return measurements are affected over a course of time as you explain this by explaining the chart below. (Make sure to demonstrate a thorough understanding of the chart)