IRR to MOIC (Exit Multiple) Calculator

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Frequently Asked Questions

What is the difference between Internal Rate of Return (IRR) and exit or return multiple (MOIC - Multiple of Invested Capital)?

Check out our article here for a detailed explanation of IRR and exit/return multiples.

Essentially, IRR not only includes the return multiple, but also brings in the element of time.

MOIC (Multiple of Invested Capital) simply looks at the return multiple - net investment return divided by the initial investment amount. e.g.:

If you invested $100 and received proceeds of $500 on the successful exit of a startup investment, that would be $500/$100 = 5X. This ignores any factor of the amount of time it took to produce those returns, which is what IRR also takes into account.