BUSINESS & LEARNING

Private Equity & Venture Capital Academy

Learn how start-ups raise money, how buyouts work and how private-capital funds are run. Six modules and 18 lessons: venture capital, growth equity and buyouts, LPs, GPs, fees and carried interest, funding stages and dilution, cap tables, priced rounds and the option-pool shuffle, SAFEs and convertible notes, term sheets, the VC method, liquidation preferences, the power law, leveraged buyouts, MOIC, IRR, DPI and TVPI, buyout debt, the value-creation bridge, operational levers, exits, the distribution waterfall, the J-curve and regulation. Eight simulations: a cap table through three rounds, SAFE conversion, the VC method, exit proceeds under preferences, a power-law portfolio, an LBO model, a value-creation bridge and a fund waterfall with J-curve. Made-up companies, in dollars, euros or pounds.

Ready to try · Learn how start-ups raise money, how buyouts work and how private-capital funds are run. Six modules and 18 lessons: venture capital, growth equity and buyouts, LPs, GPs, fees and carried interest, funding stages and dilution, cap tables, priced rounds and the option-pool shuffle, SAFEs and convertible notes, term sheets, the VC method, liquidation preferences, the power law, leveraged buyouts, MOIC, IRR, DPI and TVPI, buyout debt, the value-creation bridge, operational levers, exits, the distribution waterfall, the J-curve and regulation. Eight simulations: a cap table through three rounds, SAFE conversion, the VC method, exit proceeds under preferences, a power-law portfolio, an LBO model, a value-creation bridge and a fund waterfall with J-curve. Made-up companies, in dollars, euros or pounds.