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ENT 405 · Unit 6 of 6

Investment Memos, Returns and Exit Outcomes

Venture Capital and Startup Investing

Start unit · 4 lessons →

Learning objectives

  • Write an investment memo with clear risks and milestones
  • Apply "Investment Memos, Returns and Exit Outcomes" to a real venture decision
  • Contribute to your Due diligence checklist deliverable

Unit overview

#LessonCore idea
1Integrating the Elements of Investment Memos, Returns and Exit OutcomesCore frameworks for this unit
2Advanced Questions in Investment Memos, Returns and Exit OutcomesCore frameworks for this unit
3Implementation and Measurement in Investment Memos, Returns and Exit OutcomesCore frameworks for this unit
4Investment Memos, Returns and Exit Outcomes: Final Applied ReviewCore frameworks for this unit

Complete all four lessons, then finish unit assessments on this page.

Unit assessment

Complete each section below. Score 80%+ on the quiz to finish this unit's assessment.

50% applied project30% case work20% knowledge checks

Exercises

Apply what you learned in this unit with structured practice.

ExerciseApplied practice: Investment Memos, Returns and Exit Outcomes45 min
Complete a focused practice exercise on **Investment Memos, Returns and Exit Outcomes**. 1. Choose a real company, product, or situation you know. 2. Apply one core framework from this unit to analyze it. 3. Write your analysis in 300–500 words with a clear recommendation. 4. Cite at least one credible source.

Deliverable

300–500 word analysis document saved to your portfolio under ENT 405.

Rubric

  • • Framework applied correctly (not just named)
  • • Specific evidence from a real example
  • • Clear recommendation with tradeoffs acknowledged
  • • Professional writing with source citation
ExerciseDrill: Investment Memos, Returns and Exit Outcomes30 min
Work through the practice problems in the unit lesson without looking at notes. Then check your work against the lesson and write a short reflection: - What you got right - One mistake you caught - One concept to review before the next unit

Deliverable

Problem solutions + 150-word reflection in your ENT 405 workbook.

Rubric

  • • Attempted all practice items before checking answers
  • • Honest reflection on errors
  • • Identifies a specific review action

Case analysis

Analyze a case using frameworks from this unit.

CaseCase analysis: Investment Memos, Returns and Exit Outcomes60 min
Analyze a real business case through the lens of **Investment Memos, Returns and Exit Outcomes**. Choose a public company event, HBR-style case, or documented decision. **Deliverable structure:** 1. Situation summary (150 words) 2. Analysis using this unit's frameworks (400 words) 3. Recommendation (150 words) 4. Risks and what would change your mind

Deliverable

2-page case write-up in your portfolio.

Rubric

  • • Case facts are accurate and sourced
  • • Analysis uses unit frameworks explicitly
  • • Recommendation is justified with tradeoffs
  • • Risks are specific, not generic

Knowledge quiz

Check your understanding before marking the unit complete.

1. RelayOps base case $300M exit at 18% ownership yields proceeds:

2. MOIC on $10M deployed with $54M proceeds:

3. Investment memos must include explicit risks because:

4. TVPI can exceed DPI early because:

5. Expected MOIC uses:

6. Post-close scorecards compare:

7. Marking RelayOps up on unsigned Series B term sheet risks:

8. ENT 405 capstone integration requires:

Final unit complete.