Aleksey Krylov Waterfall Analysis Case Study 7-21-2023

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Aleksey Krylov Waterfall Analysis Case Study 7-21-2023

Waterfall
Analysis:
Startup &
VC Context
OCTOBER 28, 2020

Aleksey Krylov
• 20+ years of experience
• CFO for private/public companies with focus on strategic
transactions (M&A, JV, fundraise)
• 12 years with 4 different family offices: VC, LBO,
structured and distressed investing: 25 deals, $500M+
invested
• Started career in investment banking
• MBA Columbia Business School, BS
Babson College, CFA Charterholder
•
2

TOC
3
Waterfall analysis
Frequent structures
Example

Waterfall
“As the name implies: The analysis
shows the distribution of value at a
liquidity event”
- Aleksey Krylov
4

Liquidity Events
• IPO
• M&A
• Liquidation…
5
“Startups work hard and for a long time to strike
gold on an IPO and M&A, and unfortunately
liquidation can be forced on them quickly,”
- Aleksey Krylov

Clear cut vs.
contested
6

TOC
7
Waterfall analysis
Frequent structures
Example

Securities
Common
RSUs
Convertibles notes/SAFEs
Preferred
Options/warrants
Senior debt/senior secured
debt/debentures
8
“All securities have a role to play, and experience
finance professional can use them skillfully to align
interests of various stakeholders,”
- Aleksey Krylov

Financing
transactions –
startups
9
Founding “round”
Friends/family
Seed/angels – converts/safes
Series A – preferred
Series B – preferred
Series XYZ… or IPO
“Not all funding rounds follow this
sequence, but there is a logic to this
progression which reflects the
company’s growth”
- Aleksey Krylov

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Decision-making is both an art and a science. Whether you’re a business leader, a student, or an individual facing life choices, the ability to make informed decisions is crucial and management consulting charlotte NC companies will provide necessary needed data to make any decision related to the business. In this article, we explore the intricacies of decision-making, drawing insights from psychology, economics, and real-world scenarios. Let’s dive into the art of making choices that shape our lives and organizations.

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The Art of Decision-Making: Navigating Complexity and Uncertainty

The Art of Decision-Making: Navigating Complexity and Uncertainty

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Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer

Step into the shoes of a salesperson and experience the exhilarating journey through a typical day in the world of sales. In this insightful SlideShare presentation, we explore the intricacies of a salesperson's daily routine, from the early morning preparations to the closing of deals and beyond. Join us as we delve into the dynamic world of sales, where every interaction presents an opportunity to build relationships, overcome objections, and ultimately drive success. Discover the strategies, techniques, and mindset that fuel the productivity and resilience of top-performing sales professionals. Through engaging visuals and compelling narratives, we offer a firsthand glimpse into the challenges faced and victories achieved by salespeople on a daily basis. Whether you're an aspiring salesperson seeking inspiration or a seasoned professional looking to refine your skills, this presentation offers valuable insights and practical tips to elevate your sales game. Get ready to embark on a journey of discovery, empowerment, and growth as we uncover the highs and lows of "A Day in the Life of a Salesperson."

A DAY IN THE LIFE OF A SALESPERSON .pptx

A DAY IN THE LIFE OF A SALESPERSON .pptx

A DAY IN THE LIFE OF A SALESPERSON .pptx

Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA

NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...

NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...

NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...

Khaled Al Awadi

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At the heart of YourLegal’s approach is the seamless integration of cutting-edge technology into the fabric of CPA firms. Our platform is designed to enhance operational efficiency, streamline workflows, and mitigate the risk of errors. Through the judicious use of advanced tools, our Virtual CFOs ensure that your firm is equipped with the latest technological solutions, providing real-time insights and analytics that are instrumental in making informed decisions during the tax season’s crunch time.

Navigating Tax Season with Confidence Streamlines CPA Firms

Navigating Tax Season with Confidence Streamlines CPA Firms

Navigating Tax Season with Confidence Streamlines CPA Firms

YourLegal Accounting

The crucial part of a triumphant sale is closing it. It is at this point when one comes up with an ultimate verdict that sums up all the efforts, relationships and mutual understanding. This is when everything becomes clear and it’s clear that everything that has been done so far makes sense for everyone involved. At this time, the buyer and the seller find themselves in agreement that is beneficial to both parties as well. The stage marks the transition from convincing someone how beautiful something looks on him/her into convincing them about why they need this thing in their life forevermore. Real sales finesse alongside empathy underpins this whole process…

Mastering The Art Of 'Closing The Sale'.

Mastering The Art Of 'Closing The Sale'.

Mastering The Art Of 'Closing The Sale'.

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It’s like maintaining a diary for your business’s financial affairs. Picture this: Every dollar coming in and every penny going out is diligently noted and neatly organized, just like entries in a personal journal. For instance, imagine you own a small bakery. Every time a customer buys a cupcake or you purchase ingredients like flour and sugar, those transactions are recorded in your business diary. It’s a straightforward way of keeping tabs on your bakery’s financial story, making sure nothing slips through the cracks.

How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...

How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...

How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...

YourLegal Accounting

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Aleksey Krylov Waterfall Analysis Case Study 7-21-2023

1. Waterfall Analysis: Startup & VC Context OCTOBER 28, 2020

2. Aleksey Krylov • 20+ years of experience • CFO for private/public companies with focus on strategic transactions (M&A, JV, fundraise) • 12 years with 4 different family offices: VC, LBO, structured and distressed investing: 25 deals, $500M+ invested • Started career in investment banking • MBA Columbia Business School, BS Babson College, CFA Charterholder • 2

3. TOC 3 Waterfall analysis Frequent structures Example

4. Waterfall “As the name implies: The analysis shows the distribution of value at a liquidity event” - Aleksey Krylov 4

5. Liquidity Events • IPO • M&A • Liquidation… 5 “Startups work hard and for a long time to strike gold on an IPO and M&A, and unfortunately liquidation can be forced on them quickly,” - Aleksey Krylov

6. Clear cut vs. contested 6

7. TOC 7 Waterfall analysis Frequent structures Example

8. Securities Common RSUs Convertibles notes/SAFEs Preferred Options/warrants Senior debt/senior secured debt/debentures 8 “All securities have a role to play, and experience finance professional can use them skillfully to align interests of various stakeholders,” - Aleksey Krylov

9. Financing transactions – startups 9 Founding “round” Friends/family Seed/angels – converts/safes Series A – preferred Series B – preferred Series XYZ… or IPO “Not all funding rounds follow this sequence, but there is a logic to this progression which reflects the company’s growth” - Aleksey Krylov