You invest $50k in a startup's seed round using a convertible note with a pre-money valuation of $5M, 20% discount. Converts in 2 years, compounds daily (365), earns 8% annually. There are 1 million share outstanding. What is the unrealized return, IRR and Cash on Cash Multiple? Valuation Cap is $1.5 million. Hint: Refer to your quiz. There are 5 steps to this question. Question 4: What is IRR? Leave of the % sign You invest $50k in a startup's seed round using a convertible note with a pre-money valuation of $5M, 20% discount. Converts in 2 years, compounds daily (365), earns 8% annually. There are 1 million share outstanding. What is the unrealized return, IRR and Cash on Cash Multiple? Valuation Cap is $1.5 million. Hint: Refer to your quiz. There are 5 steps to this question. Question 4: What is IRR? Leave of the % sign