Question: The company completed a firm commitment underwritten public offering exactly 4.5 years after this Series A Preferred Stock term sheet closed. After their agreed lock

The company completed a firm commitment underwritten public offering exactly 4.5 years after this Series A Preferred Stock term sheet closed. After their agreed lock up period of six months (0.5 years), Nisqually League Venture Partners was to sell their common stock of Harbor Systems (Ticker: HARB) through their investment banking broker. The average stock price that NLVP sold at was $46.20 per share.

What was the venture capitalist's average rate of return on this investment?

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