Remove DCF Remove Events Remove Valuation
article thumbnail

The 11 Concepts And Ideas I Learned From Interviewing ChatGPT On How To Buy A Business.

How2Exit

In addition, it is important to be prepared for unexpected events or developments that could have a significant impact on the negotiation. Chris Voss, a former FBI hostage negotiator, refers to these events as “Black Swan” events, as they can be difficult to anticipate or prepare for.

Business 130
article thumbnail

Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

In equity research, the goal is to get clients to pay for the teams research consistently , but revenue does not depend on deals or other specific events. Also, interviewers could go into more depth on accounting and valuation and ask about nuances that many bankers skip or dont fully understand (e.g.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get an Investment Banking Internship

Mergers and Inquisitions

Big 4 or independent valuation firm internships. You should also start learning the technical side (accounting, valuation, and basic M&A and LBO concepts) and begin networking with alumni. You should still expect a quick start to recruiting and on-campus events once classes begin, but that has always been the case at this level.

article thumbnail

Long-Only Hedge Funds: A Cozy Career, or a Complete Contradiction?

Mergers and Inquisitions

Investment Style – Long/short strategies depend more on timing and getting individual quarters and events right, while long-only strategies often use longer holding periods and require deeper dives into companies. Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations.

Funds 52
article thumbnail

Keeping Up with Delaware Appraisal Jurisprudence Since Aruba: Deal Price Reigns Supreme, But Will Recent Decision Lead to More Arbitrage?

Cooley M&A

Key Takeaway : If a buyer is considering prepaying the deal price to appraisal petitioners, the buyer should endeavor to have the petitioners contractually agree to refund any overpayment in the event that fair value is ultimately determined to be less than the deal price.

article thumbnail

Biotech Hedge Funds: A Match Made in Heaven

Mergers and Inquisitions

Its more of an industry focus at the intersection of several other strategies , such as long/short equity , event-driven investing , and even merger arbitrage. In technology, as a startup keeps raising capital, it normally does so at gradually higher valuations as its customers, users, and revenue grow. or Ph.D.),

Funds 64