PE/VC Fund Valuations and 409A Common Stock Valuation
In a valuation shop, a lot of the work is done for private equity and venture capital firms, as well as private companies who want to have their common stock valued. PE and VC companies like to have their total holdings in their portfolio companies valued, while other private companies are looking to value their common stock for accounting or employee compensation purposes. Many PE and VC’s hold substantial equity in private companies, meaning these shares cannot be easily fo
Advanced Topics in Valuation
As most students interested in finance and investment banking know, valuation is a big part of the job. While many students are familiar with the traditional three approaches – market based approaches (guideline public comparable companies, precedent transactions AKA selected transactions method), intrinsic value based approaches (Discounted Cash Flow), and liquidation / cost based approaches (net asset value), this article will go deeper into specific types of the valuation
5 Ways TO dress in an Investment Banking Interview (for Men)
In a previous article, we covered how NOT to dress in investment banking / finance interviews. Today we cover what you can wear to these interviews. Wear traditionally light colors: These colors include really light shades of blue and grey, and white. Other light colors may be okay, but typically you cannot go wrong with a classic white shirt. Business Casual means wear a full suit and tie: Better to stay on the safe side and dress-up rather than down. Have your belt color ma
Sample Day Series: “Busy” Day in TAS VBM
9:00 AM: Arrive in the office. Check emails, grab coffee, water, and fruits in the pantry and set up two external monitors and a headset to work more efficiently throughout the day. 9:15 AM: I have some work left over from yesterday, so I begin working on the corroborative calculations for multiple investments for a private equity fund. Luckily, the first company in the private equity fund’s portfolio I am valuing has a straightforward capital structure, has liquidity prefere
