1. SPREADSHEETS ERRORSPlease, learn from my (many) mistakes! Victor Garcia SID # 21233149

2. Haas Venture Capital CompetitionDifferent scenarios with different EBITDAs and cash generation, but the same top line! Believe me, our team had a hard time explaining this to the judges in the final… Copy and paste as values = Playing with a loaded gun!

3. Model for the Strategy Game“We can't lower prices. At $180 the NPV is negative” The model was designed to be ran with prices in the range $200-400! Models can only be used for what they were designed for!

4. Accounting Equation? Never happens in excel!To assure that A = L + SE, analysts tend to plug total values for each category… It is embarrassing though when adding the different entries for each category you get a different total value! Double check, always! Never plug values for totals! = 1,699,892 2,212,228 = 2,212,228 2,212,228

5. Underlying Assumptions!Can you have 110% market share? Always check the feasibility of your assumptions That you are in charge of the model doesn’t mean that you assumptions are right! Ask for help when needed!