Knowledge Base
Tax strategy, healthcare before Medicare, the post-FIRE identity shift, and the financial decisions that get more complicated after you stop earning.
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Most venture capital reviews online are written for founders chasing term sheets. If you're sitting on a $5M+ portfolio and evaluating VC as an asset class allocation, that content is nearly useless. What you need is a clear-eyed look at fund performance data, fee structures, secondary market mechan
A private equity LBO model is a financial framework that projects the acquisition of a company using a mix of debt and equity, then calculates investor returns across multiple exit scenarios. The model answers one question: given these financing costs, this entry price, and these operational assumpt
Private equity layoffs have accelerated well beyond the typical post-boom correction. Global PE fundraising in 2023 fell to its lowest level since 2015, according to Preqin, and deal activity has not recovered to anywhere near 2021 peak levels. For professionals at these firms, that revenue compress
A venture capital pitch deck is not a business summary. It is a filtering tool that signals to investors whether you understand your market, your unit economics, and your exit path well enough to deserve 60 more minutes of their time. According to DocSend's analysis of thousands of decks, investors
The private equity CFO salary range runs from roughly $250,000 total cash at sub-$1B funds to $2M–$5M in cash compensation before carry at mega-funds. Add a 1% carry allocation on a $5B fund with a 20% carry and 2x net return, and that CFO is looking at $20M in long-term compensation on top of the c
Venture capital exits convert illiquid ownership stakes into realized returns, but the mechanics, timelines, and tax treatment vary enough to materially change what you actually keep. For LP investors and direct startup holders at the $5M+ level, understanding exit structures is less about the headl
A deemed contribution in private equity occurs when the IRS treats a partner as having made a capital contribution to a partnership without any actual cash or property changing hands. The trigger is almost always a shift in how partnership liabilities are allocated among partners. Under IRC Section
Private equity deal sizes span from $5 million growth investments in founder-owned businesses to $50 billion+ leveraged buyouts of multinational corporations. Each segment carries distinct risk profiles, return expectations, fee structures, and access mechanics that matter considerably if you're all
Carta is a fund administration and equity management platform that handles cap table management, investor reporting, K-1 distribution, and secondary transaction facilitation for private equity funds and SPVs. For FATFIRE-level investors, the relevant question is not whether Carta is useful in the ab
Investment banking fees on a $50M business sale typically run $1.5M to $3M. On a $500M transaction, you might pay $5M to $15M. The percentages compress as deal size grows, but the absolute dollars climb fast enough that understanding the mechanics before you engage a banker is worth real money. This
EBITDA in private equity functions as the common denominator across every stage of a deal: sourcing, pricing, financing, and exit. For business owners approaching a PE transaction, understanding how buyers construct, adjust, and stress-test this number is the difference between maximizing proceeds a
MFG private equity targets manufacturing companies specifically, deploying capital and operational expertise to restructure, scale, or modernize businesses that produce physical goods. If you're allocating to alternatives at the $5M+ level, understanding how manufacturing-focused PE differs from bro