Wall Street Prep

Virtual Investment Banking Internship Guide: MBA Summer Associate Programs

Up to the present date, nearly all institutional investment banks have been very discrete in terms of the limited amount of information disclosed regarding how their first-ever virtual internship programs in Summer 2020 were ... Read More

Ultimate Guide to Corporate Banking

Corporate banking (also called institutional banking) is a division in a bank responsible for putting together loans to corporations, financial institutions, and governments. Corporate Banking usually falls under the Investment Banking umbrella of the ... Read More

Financial Restructuring: Common Causes of Financial Distress

This article covers the primary causes of financial distress that compel companies to hire a Financial Restructuring Investment Bank. Once hired, the restructuring bankers provide advisory services to the debtors (companies that have unsustainable ... Read More

Financial Restructuring Investment Banking: Product Group Overview

Financial restructuring groups (RX) within investment banks advise debtors (distressed companies) and creditors (banks, bond holders, subordinate lenders) when capital structure issues arise, which primarily stem from over-leveraged companies with insufficient liquidity to meet ... Read More

Excel LAMBDA function: 7 Real World Examples to Get You Started (Step-by-step Videos)

Microsoft announced the launch of the LAMBDA on December 3, 2020 and it is probably safe to say we've never seen this much excitement from the Excel MVP community. And that's saying a lot ... Read More

US GAAP vs IFRS: Differences, Similarities & Examples (PDF Cheat Sheet)

Although we have seen moderate convergence of US GAAP and IFRS in the past, the likelihood of a single set of international standards being adopted in the near-term remains very low. IFRS Standards by ... Read More

The Ultimate Guide to the VC Cap Table (Including Excel Template)

A VC Cap Table (capitalization table) is created by venture capital partners and their legal teams to provide a summary of the investor and employee ownership in a startup or venture-backed business. In the ... Read More

Liquidation Preferences: Guide to Understanding VC Deal Terms

The liquidation preference is perhaps one of the most important clauses found in a VC term sheet. A liquidation preference represents the amount the company must pay at exit (after secured debt, trade creditors, ... Read More

The Ultimate Guide to the VC Term Sheet (Term Sheet Template)

The VC Term Sheet establishes the specific conditions and agreements of venture investments between an early-stage company and venture firm. The term sheet is short, usually less than 10 pages, and is prepared by ... Read More

VC Valuation: 6 Steps to Valuing Early Stage Firms (Excel Template)

Valuation is perhaps the most important element negotiated in a VC term sheet. While key valuation methodologies like Discounted Cash Flow (DCF) and Comparable Company Analysis are often used, they also have limitations for ... Read More

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The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.