I have already finished the Fall term, so I completed the half of Sloan Fellows program including the summer term. The remaining contents are IAP and the Spring term. Time flies!! My strategy I have three study pillars before coming here. …

Dixons Key concepts Valuation Models Earning multiples P/E Vf/EBIT Vf/EBITDA Asset multiples BV NetWorth Liquidation Value MV/BV DCF FCFf@WACC FCFe@Re APV - equity firm + value of debt tax shields EVA - Economic Value added Comparables Oth…

Robert C. Pozen | MIT Sloan provided us a really insightful summary of leadership. Nurture your external leadership Engage with your customers Prioritize the time with your customers Build not transaction but relationship Listen to them an…

ChatGPT creates a huge phenomenon and shows potential impact of NLP model. However, many people struggle with what differentiates it from other past model and what would happen next. This article is a good summary of chat GPT if you are no…

We finally finished the final presentation of New Enterprises, the most famous entrepreneurship lecture at MIT Sloan. The final assignment was the presentation for five minutes and QA for five minutes. We studied a lot about how to deliver…

Molycorp Concepts Convertibles bond/stock + option to convert into common stock option works with conversion ratio Signaling to market Pecking order Internal funds Debt Equity Working capital calculation +A/R +Inventory -A/P -Accrued Expen…

Mariott Concepts How to make fast growth companies possible consistency between financial policy and product market strategy Excess debt capacity Financial policies about debt Short or long-term debt? Secured or unsecured debt? Fixed or va…

Gilbert Concepts Cash Flow Management Proforma analysis Source and Use Key findings Operation/Product strategy and Financial strategy should be consistent Minimize Days A/R, Maximize Days A/P Diagnose firm health with operation ratios and …

Sustainable Growth Rate Sustainable Growth Rate (SGR): Formula and Calculation This ratio is checking how fast can you grow assets without increasing the leverage ratio and without issuing new equity. Increasing the leverage ratio would ha…

Possible agenda for pitch Normally, pitch can be 5-7 mins, but you may need to deliver a shorter presentation like elevator pitch. Then, you need to focus on couple of topics as follows. Tell a story - make a connection Be very specific an…

This course is a panel talk between students and remarkable leaders in various industries. Faculty is Robert C. Pozen. Robert C. Pozen | MIT Sloan The most important advice to Sloan Fellows "Find a great female 1 on 1 mentor if you are mal…

CAPM(Capital Asset Pricing Model) Assumptions Efficient portfolios are combinations of market portfolio and risk-free rates(Treasury bills) The expected return of an asset i must satisfy There is a linear tradeoff between risk and expected…

Question Answering Tasks in Machine Learning Question answering is one of the major problem sets in NLP, in a nut shell, this is simpler Reading Comprehension problem in GMAT or other types. There are multiple types of questions and texts,…

Principles for NPV calculation Project, project, project. Don't use company's CF, capital structure and cost of capital. Unlevered and Levered beta If you identified "pure boys", as I described in the following article, you need to be care…

7What are the components of MVBP? Value: end users can recognize the values of the product Pay: economic buyer can actually pay for the products Feedback: Through MVBP, you can collect feedback from users. MVBP of ATM ATM seems to be very …

What is overfitting? Overfitting occurs when the model has a high variance, i.e., the model performs well on the training data but does not perform accurately in the evaluation set. What is Overfitting in Deep Learning [+10 Ways to Avoid I…

Three things to consider When the company proceed M&A, what we should consider initially? Strategic benefits(Why?) Valuation(How much?) Execution(How?) Strategic benefits Why should we sell or buy a company? This is the most important ques…

Diversification Asset returns are quite unpredictable and some assets are correlated each other. Investors look for portfolios that maximize their returns with the least amount of risk. The main factors you need to consider when you build …

Torkenization What is Tokenization | Methods to Perform Tokenization Tokenization is essentially splitting a phrase, sentence, paragraph, or an entire text document into smaller units, such as individual words or terms. Each of these small…

Customer success matters because of sales growth Most of your revenue comes after the initial sale. Initial sale only generates 5-30 % of revenue and the rest, 70-95% comes from renewals and upsells. Create happy customers Leads from happy…

Three components of investment Strategy Valuation Execution The most common three methods used in valuation Calculate NPV by DCF method Earning multiple using P/E,EBIT and EBITDA Asset multiples using Book Value Steps to value projects by …

Fundamentals of startup finance Venture capital provides funds to build companies from the earliest stages to freestanding, mature organizations. Limited partners(LPs): institutional net worth investors providing capital to VC funds. They …

Presentation is a skill of charisma? In a short answer, No. Sometimes, too strong individual talent would worsen the delivery of messages and just deliver a positive impression of speakers. Do You Need Charisma to Be a Great Public Speaker…

To understand companies' sales strategy and status, I will write down comprehensive lists of interview questions. Understand numbers Besides economics, we need to understand "where is a bottle neck" Potential lead Qualified lead to sales D…

Peloton Peloton made toning your glutes feel spiritual. But should Jesus be part of the class? - The Washington Post Peloton is the major exercising kit and we studied its marketing and business strategy in early period. Who is the custome…

The basic structure of communciation Five interactive variables Communicator Message Channel Audience Culture Communicatio style When you should use tell/sell style? You have sufficient information You do not need to hear others' opinions,…

1. Become one with the data The more time you spend looking at the data the better you'll do. Find corrupt data, duplicates Real example: lots of training examples that say "please enable javascript to view this page" If 1% of your trainin…

In the session, we discussed how to deal with difficult situations to make decisions. Through four example cases, we deepen our reflections and what each should do in each business case. Just to be clear, there is no silver bullet. #1 Me t…

Top 19 things I wish I knew back in 2004 Alen introduced top 19 lists of what he should have known in his professional career. All the topics are remarkably great. Career is not ladder but jungle gym There are a lot of good schools and you…

Modigliani and Miller Theories(M&M theory) What Is the Modigliani-Miller (M&M) Theorem, and How Is It Used? Merton Miller and Franco Modigliani conceptualized and developed this theorem, and published it in an article, "The Cost of Capital…