I currently do Consumer & Retail LevFin and I'm looking to lateral to a Tech M&A group at a well-respected MM firm.
I understand the technicals might be very detailed, but what might the tech-specific questions look like? Will a solid baseline level of knowledge about the industry and key modeling issues likely be sufficient or should I go much more in depth?
Thanks in advance!
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Net and gross retention. Gross: pure churn for software. Net: pure churn + new customer additions.
Gross is the better measure for seeing if a software is truly sticky
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