Every headline about a ₹10,000 crore merger or a blockbuster IPO mentions the deal size in bold, and almost never mentions what the bank advising on it actually earned. That number exists, it’s often substantial, and understanding how it’s calculated tells you a great deal about how investment banking actually…
Category: THE LEDGER
Where business meets capital.
Startups, entrepreneurship, expansion and financial forces shaping decisions that turn ideas into companies
FOUNDER'S OFFICE
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10 startup business models every founder should know
Most first-time founders start with a product idea and back into a business model almost as an afterthought — figuring out how the money actually gets made only after the idea already feels real. It usually should go the other way. The model you choose shapes your costs, your fundraising…
FOUNDER'S OFFICE
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What does a VC actually do with your idea?
Most first-time founders walk into a VC pitch with one of two mental models: either “I explain my idea, they write a cheque,” or a quieter fear that the idea itself is the valuable part, and someone might simply take it. Neither is close to how venture capital actually works…
BOARDROOM
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What does an Investment Banker do ?
Every placement season, a handful of students at India’s top campuses disappear into a world everyone talks about and almost nobody outside it can actually describe. The package gets discussed in detail. The actual job almost never does. 13 MIN READ THE LEDGER — BOARDROOM WRITTEN FOR: THE CAMPUS PLACEMENT…
BOARDROOM
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The difference between investment banking and commercial banking
Your salary account, your father’s fixed deposit, and the ₹20,000 crore IPO in the news last week were all handled by institutions called “banks.” Almost nothing else about them is the same. 13 MIN READ THE LEDGER — BOARDROOM WRITTEN FOR: THE SAVINGS ACCOUNT HOLDER → THE M&A ANALYST Say…
FOUNDER'S OFFICE
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How to build a business with ₹10 lakh
Ten lakh rupees sounds like a fortune to someone who’s never started a business, and laughably small to anyone who has. Both reactions are wrong. It’s not enough money to build a company. It’s exactly enough to find out whether you should. 9 MIN READ THE LEDGER — FOUNDER’S OFFICE…