User Info

Profile Completion

Subscriptions & Roles

  • Official Monkey
  • Certified User
  • Company DB Subscription

User Tracker

Comments

Preview Freshness
First, congratulations on the offer. So you're...First, congratulations on the offer. So you're completing your two years? Are you on a two-year program? If so, it's totally understandable and you should discuss with your HR/closest MD relationship. If you're expected to stay, I'd suggest you wait for your bonus to hit your bank account, then... 3 weeks 5 days
Not sure why you would quit a job in the middle...Not sure why you would quit a job in the middle of a process with no other offer in hand. You now have very little leverage. I'm a fan of full disclosure and surely you'll be asked why you're looking for a job, what your prospects are at your current gig are, etc.,.... So it will probably come up.... 3 weeks 5 days
mrb87: So much bad advice above. No idea of...[quote="mrb87"]So much bad advice above. No idea of employment law in HK but non competes definitely don't require "severance." Also, at the outset of employment the offer is legally sufficient as consideration for a non-compete. [/quote] mrb87, I agree on your advice to get a lawyer. But I... 3 weeks 5 days
Not sure what the market is in your geography,...Not sure what the market is in your geography, but this seems crazy. Especially if there's no severance. 12 month non-compete should come with 12 months of severance. I think you're too junior to have a non-compete and perhaps they just gave you a form offer. Just talk to them about it. If they... 3 weeks 6 days
Not necessarily. Depends how you fund it. If you...Not necessarily. Depends how you fund it. If you raise debt or fund the earn out off a revolver for example, you trade that liability. maybe you generate some cash and fund the earn out that way too. Worth noting, if it's a material earn out, be sure to get your taxes right. I.e. if allocating... 3 months 3 weeks
Not sure I understand your question. Just think...Not sure I understand your question. Just think about it as a pool of proceeds and who gets what cut of the proceeds. If the hurdles are 8% and 14% IRRs, I'm not sure what you mean by "equity" and "paying down the balance" 5 months 2 weeks
Pretty good group in NYC; recently poached three...Pretty good group in NYC; recently poached three top MDs from CS which used to have one of the better power groups on the street http://dealbook.nytimes.com/2012/05/16/bank-of-america-hires-3-power-specialists-from-credit-suisse/?_r=0 6 months 1 week
It sounds like your current shop is a nice gig if...It sounds like your current shop is a nice gig if you see a real path to partner. Promotion? Getting PE to pay for your MBA? Strong fund performance? That's all pretty great and not easy to come by. But are you underpaid? 2x your comp is a big move from MM to Megafund. What about carry? Going back... 6 months 3 weeks
Do you have any insight into your funds'...Do you have any insight into your funds' economics? For your size fund there should be enough to pay you more than that assuming a 1.5%-2.0% fee. Do the partners own 100% of the GP or did another fund or LP help seed your firm and own a big piece of the pie? I would say as a general matter,... 7 months 2 weeks
Run the cash flows. Do a quick levered DCF...Run the cash flows. Do a quick levered DCF assuming 20% hurdle. It's essentially what the LBO is anyway. Get to a multiple that works without any expansion at exit. Then sanity check. Typically you get an industry and should have a view on valuation. 9 months 2 weeks