Wall Street Financier: Notes from High Altitude©
He who makes a beast out of himself gets rid of the pain of being a man.
PE use borrowed funds to buy companies, so typically these investments are riskier than the public markets and are mostly illiquid. Private equity cash flows are typically described by the “J-Curve ”, with investments generally being made in years 1-5 (negative returns) and realizations generally occurring in years 4-11 (positive).… …
For the first time this summer in Silicon Valley and beyond I’ve seen people looking hard at what I call “the ugly rhino truth” of tech industry’s superstars, the $1 Bn+ “unicorn” companies and even the “decacorns”($10 Bn+). The academic world took the lead at it Those hyper valuations appear …
There are 5 methods for establishing the pre-money valuation of pre-revenue companies, specifically: The Scorecard Method (Bill Payne) -most widely used: takes into account 6 to 7 factors and assigns them a weighted factor based on the strength/weakness (+/-) percentage of norm: Strength of the Management Team …
“Mingle and learn from blue-ribbon VCs, angels, legendary founders and the hottest SoCal-based startups.” –See more Books I am reading 1. Forbes Book of Quotations: 10,000 Thoughts on the Business of Life, by T. Goodman 2. Masters of Corporate Venture Capital, by A. Romans
The talk of the town this week is the $52.7 MM settlement paid by Apollo Global Management. This came on the heels of a biased study designed to malign the industry from CEPR (Center for Economic and Policy Research) published in May 2016 (Link to pdf) The “accelerated services and …
The headline these days are that the Chinese HNA Group are bidding for CIT Aerospace for an estimated $4 Bn. WSJ Link Does that include the Business Aircraft unit ? No, apparently. Sample of CIT Business Aircraft financings, 2015
I asked myself that question, and started asking successful aircraft brokers. Aircraft brokers, on average take a 1 % commission (realistically), depending on the size and marketability of the aircraft. So suppose that you’re selling this aircraft for example, a Dassault Falcon 50, Year 1994, TTAF(Total Time Airframe) 6,855 hrs. …
Crowdfunding campaigns are closer to the reach of practically anyone with the ease of a legible screenshot and consistent storytelling. Folks are raising funds for things like medical treatment for loved ones, taking volunteer trips abroad to pursuing creative passions they could not afford otherwise. Amongst the crowdfunding platforms GoGetFunding stands …
Aircraft Bluebook Market Values Roundtable “Aircraft Bluebook, the premier resource for aircraft values, is convening its first Aircraft Bluebook Market Values Roundtable in Los Angeles on October 5, 2016, in conjunction with SpeedNews’ 21st Annual Business & General Aviation Industry Suppliers Conference. At this year’s event, intended to benefit aircraft …
Personality tests, whether for employment (pilots, analysts) have become more and more widespread. Check out This IQTest or Mensa tests. IPIP Big-Five Factor Markers. “This test uses the Big-Five Factor Markers from the International Personality Item Pool, developed by Goldberg (1992).” Disclaimer: Your use of this tool should be for educational …
![Tech Unicorns: More like Rhinos [The ugly truth about Billion Dollar Private Companies]](https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/tech-unicorns-more-like-rhinos-t.jpg?resize=990%2C556&ssl=1)
