Inside the Life at a $24 Billion Software PE Fund! (Thoma Bravo)

[@FM-dm8xj]

People really do not understand how valuable this podcast is. This is like the most important parts of many cofee chats condensened into a simple and easily digestible format. Big ups to you rareliquid and hope to see more as an aspiring undergrad wanting to enter the consulting and highfinance industry!

[@rareliquid]

it’s what i wish i had when i was recruiting! thx for the kind note

[@TheGreekGodOfWallStreet]

So painful to hear the “I hadn’t taken any finance courses but was at Yale so I got an internship”

[@peytonwalcott6755]

I feel like that’s pretty standard across most schools now. I have seen a few English and history majors who have never taken a single Econ course going into BB IB from my school (southern target: UVA, UNC, GT, etc…)

[@TraumaTizedLOL1]

Yep. That’s how it goes. I wish I did more extracurriculars in HS to get into a top undergrad. I just had no ECs lol. It’s life on easy mode when you get that IVY degree

[@TheGreekGodOfWallStreet]

@@TraumaTizedLOL1 if it makes you feel any better, they’ll hate themselves when they don’t become the next case study on how great an Ivy Degree is

[@dantaymex9733]

You’re just hating. Maybe take that hate somewhere else

[@dantaymex9733]

You don’t know her and her qualifications. Maybe she did really well in the interview…

[@TDesting]

Such a huge difference between how firms hire in the US and in at least some parts of Europe. In (some parts of) Europe, you would never be considered for an IB or PE job if you did not at least have a master's degree preferably within finance or economics or something similar. If you had no idea about accounting or finance, I doubt you would get hired at all.

[@dummy12367]

I'm a first-year PE analyst, also in tech. This is sooooooooooo good. The succinct talking, the hustle, the hatred for comps, nailing the fundamentals.... hit so much harder after you've actually made mistakes. Would recommend this video to every junior analyst:)

[@MelissaChens]

I loved this talk and hearing her was so refreshing!

[@Parcival9z]

Great and informative content, as always! Could you like do such kind of Interviews also with people who have worked in Asset Management firms?

[@Joehtoo]

Really love these. Very in depth in the business. It’s nice that you’re able to go in depth into the interview with the guest and share a side of the industry it’s difficult for us to see.

[@Adrian-kb2rf]

The reasons of people saying why they’re going into PE seem a bit disingenuous at times. It’s okay to say that you’re doing it because everyone does it and you like the money/prestige that comes along with it

[@bcallaghan1]

Great interview and great story. You should try to find a connection at Vista to interview to compare contrast. Good luck as CXO!

[@naritzify]

A favorite interview. Was taking frequent notes. She does a great job of using supporting examples that resonate as a fellow associate.

[@Talib_Husain18]

Very informative podcast for people who are outside the industry and want to know insights. Thanks

[@HHNYC]

Hi Ben / Rareliquid, I just wanted to leave a comment to let you know I am loving these interviews - if you had a way to keep these going after you finish B school it would be awesome. Best,

[@kevk4908]

Heading to Berkeley this fall double majoring in economics and political science with a minor in data science, hopefully I can get into consulting or IB post grade 🙏🙏

[@kevk4908]

If all shit hits the fan then law school

[@davidc4408]

Better do a math degree with minor in finance. Friend is making over $2 million a year just 5 years out of college for a quant fund. Granted he also has a MSc financial mathematics. Headed for networth over $20 million before 30

[@kevk4908]

@@davidc4408 don't think Berkeley has a direct finance degree but guessing doubling in data science would help land this role. I'll check it out, second time someone recommended me to do quant fund.

[@kevk4908]

@@davidc4408 yeah just did a quick research of Berkeley alumni that are in the quant sector their majors range from computer science, economics, statistics, and data science.

[@kevk4908]

@@davidc4408 I'll check out quant fund, sounds interesting.

[@Hopp433]

Keep it up with these fire podcasts! Have been enjoying and learning so much from these!

[@EcomCarl]

Ashley's journey from sports analytics to finance showcases the value of adaptability and mentorship in career development. Her insights into the private equity world, especially at Tomo Bravo, provide a unique perspective for anyone looking to navigate this competitive field. 🌟

[@orueom7720]

Holy glaze 😂 come on bro

[@mgoblue0970]

tl;dr is I have no drive and no clue what I want to do but I rode the reputation of Yale

[@ericluo28]

Wouldve been interesting hearing her PE recruiting process considering her lack of finance prep for IB, obviously internship wouldve helped but wouldn't LBOs be a trip up?

[@Cucumbers_YT]

Hi, I am 13 years old and would like to major in finance, but I am very confused where to start I do have a decent amount of knowledge on investing, so if you have any suggestions that would be very helpful.

[@orueom7720]

You're 13, please chill tf out and grow as a well rounded human being first

[@peytonwalcott6755]

Join high school investing clubs. You don’t have to worry about PE recruiting for another decade so I wouldn’t worry about that quite yet.

[@jackwilke3268]

Is the IB course coming out soon?

[@M99-u6t]

Forgot to ask about the recruiting process into PE :(

[@accountsequity5587]

Excited for this interview. Thank you bro, keep up the great content!

[@BeanMan4444]

Great content! Can you speak to fellow MBA student that worked at public market hedge fund? Thanks Ben!

[@ELIOSANFELIU]

Ben:Nice podcast¡¡¡Thank you guy¡¡See you¡¡

[@ELIOSANFELIU]

Ben:Nice podcast¡¡¡Thank you¡¡¡See you¡¡

[@petare4918]

Can you do a CRE PE chat like this? That’d be great!!!

[@superorangebody]

So this so good, man

[@RR-et6zp]

Thoma Bravo just acquires companies, moves labour over seas even if it’s worse quality

[@Stoneface_]

That's "private equity " in nutshell 😂

[@pragyanmishra2240]

Bro am the 1st to comment

[@rareliquid]

gratz

[@dylanvcr]

ThomaBravo is one of the largest reasons home and rental prices are so high. Realpage encourages cartel behavior.

[@닝닝닝]

31:25 39:40

[@1-person-startup]

drop her Linkedin bro

[@mgoblue0970]

0:20 "best software PE shops in the world"... yeah, if you consider destroying everything TB touches as "the best".

[@accountsequity5587]

Description: plz fix *UBS… thx

[@rareliquid]

lmao thx

[@mikestaub]

The fact that the main strategy for paying down their debt is to 'go public' is so sad.

[@jasonf3963]

The upspeak... can't listen for more than 1 minute.

[@USASPORTSCARDS]

Thank God someone said it!! Can’t stand it. It’s so common with women in finance / corporates in general. Makes me want to rip my hair out.

[@Helios_808]

Nice knowhow

[@bobertrobertson130]

dont work in ib or pe, do something interesting

[@USASPORTSCARDS]

Yes, we need more people who think like you. Unfortunately, great minds are being lost from engineering and science, to finance (which is net value destructive). Just driven by selfish behavior…

[@orueom7720]

@@USASPORTSCARDS How tf is it selfish? There is greater avenue for career advancement, pay, and unfiltered access to decision makers in high finance than there is (or ever will be) in the vast majority of roles in engineering. It is only that those who are driven / ambititious enough end up in said roles as it appeals directly to what made them chase high grades in whatever STEM field they studied in college. Maybe try to understand their underlying motivations and exit your echo chamber

[@USASPORTSCARDS]

@@orueom7720A lot of words there, yet you still seemed to completely miss the point. Engineers do actual, real substantive work - they CREATE and contribute to the advancement of knowledge and therefore the advancement of mankind as a whole. That is the definition of a noble profession. Everything you mentioned with respect to “access to key decision makers” and “high comp” is literally you regurgitating the corporate fluff lines you’ve been fed and brainwashed with - it is indeed you who is trapped within the echo chamber, pointing and laughing at others in your (very fragile and naive) glass house. I am on the investment team at an extremely large and well-regarded private equity firm (have been here for years following my M&A stint) and at many points in the day I “interface with key decision makers” and often am the key decision maker myself. I’m not proud to say that what I do isn’t that imporant, it isn’t that fulfilling, and it just isn’t a net positive for society. We’re not curing cancer here. This just pays really well and everyone here is extremely money-driven. I’m not proud to say any of this, but it’s just the reality. If you think these jobs are truly meaningful and value-add to society, you’re either extremely naive or just really young and green.

[@Ouranianomicon]

Locusts

[@bcomp12]

Is that why they're getting sued?