To Be or Not to be Expert: That is The Question

To Be or Not to be Expert: That is The Question

The need for experts has never been greater historically than it is today. Whether in a political, scientific, institutional, technological, urbanistic or judicial framework, everywhere, more and more experts are needed. Our environment and our society is becoming more and more sophisticated and demanding. Paradoxically, apart from a few branches such as accounting and real … Read more To Be or Not to be Expert: That is The Question

Private Equity Investment: Where is the Exit, please?

Private Equity Investment: Where is the Exit, please?

Most entrepreneurs write their business plan as a shopping list and a description of how they intend to build their project. Except for themselves and maybe a few, family, friends and fools who love or admire those entrepreneurs, nobody cares about it. At least not an investor, unless he perceives feasibility itself as an issue. … Read more Private Equity Investment: Where is the Exit, please?

The ‘Simple’ Solution to Inflation

The ‘Simple’ Solution to Inflation

Which currency is stable over time and not subject to inflation?None. The reason why is simple: Every currency is: A borrowing tool for the government, directly generating severe inflation. Victim of poor management. Political. No longer covered by gold. Historically, the gold standard secured against effects of inflation and deficit spending. It was guaranteeing the … Read more The ‘Simple’ Solution to Inflation

Business Model: A simple Financial Definition

“In theory and practice, the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture. The literature has provided very diverse interpretations and … Read more Business Model: A simple Financial Definition

How & Why an Initial Public Offering makes Money

How & Why an Initial Public Offering makes Money

Many entrepreneurs do not understand the reasons why the Initial Public Offering of a share of common stock (also known as “IPO “) makes money? The value creation of an IPO arises mainly from the difference of valuations between the private and public markets. The Private Market values the Assets. Thus, a bakery that has … Read more How & Why an Initial Public Offering makes Money

Incremental Price to Speed Up and Stabilize Private Equity Fundings Rounds

Incremental Price to Speed Up and Stabilize Private Equity Fundings Rounds

The Funding Rounds Method In the old days, up until 1995, there was only the funding rounds method. Here is how it went: each time we needed to distribute a securities issue we were fixing a price according to the current state and valuation of the company who was the issuer. The main problems with … Read more Incremental Price to Speed Up and Stabilize Private Equity Fundings Rounds

The Idea

The Idea

Il a des idées sur tout, mais il a surtout des idées. Coluche He has ideas over all, but overall he only has ideas. Coluche (french comic) You just had an idea, simple, original and the few selected friends you shared it with consider it genial and serely lucrative. Of course, each one of them … Read more The Idea