Resources · Education

VC & PE Education

The capital markets education founders and operators deserved from day one. No gatekeeping. No jargon without explanation. Just the knowledge you need to navigate institutional capital confidently.

Most founders learn how VC and PE work after they're already in the process — which is the worst time to be learning. WETYR built this resource to change that. Whether you're considering raising your first institutional round, preparing for a PE-backed exit, or just want to understand how the machine works, start here.

Curriculum

Core Modules

Module 01
How VC Works
The mechanics of venture capital — fund structure, LPs and GPs, carry, and how investment decisions actually get made.
  • Fund structure and lifecycle
  • LP/GP dynamics and carry
  • Investment thesis and decision process
  • Portfolio construction math
Module 02
How PE Works
Private equity from first principles — leveraged buyouts, operating improvements, hold periods, and how returns get generated.
  • LBO mechanics and debt structuring
  • EBITDA and multiple expansion
  • Hold periods and exit timing
  • Operating value creation vs. financial engineering
Module 03
Valuations Explained
How companies get valued at every stage — from pre-revenue multiples to DCF, comps, and what buyers and investors actually pay for.
  • Pre-money vs. post-money
  • Revenue and EBITDA multiples
  • DCF fundamentals
  • What drives premium valuations
Module 04
The Term Sheet Decoded
What every clause in a term sheet actually means — and which ones founders should push back on, negotiate, or run from.
  • Valuation and option pool
  • Liquidation preferences
  • Anti-dilution provisions
  • Board control and protective provisions
Module 05
Deal Structures
Beyond the headline price — how structure affects your actual outcome in VC rounds, PE buyouts, and M&A transactions.
  • Equity vs. debt vs. hybrid
  • Earn-outs and rollovers
  • Recapitalizations
  • Management incentive plans
Module 06
Due Diligence Process
What buyers, investors, and lenders actually check — and how to be prepared before the process starts.
  • Commercial and market diligence
  • Financial quality of earnings
  • Legal and IP review
  • Ops and technology assessment
Module 07
Cap Table Management
Cap table hygiene, waterfall modeling, dilution scenarios, and how to read what your equity is actually worth.
  • Pre vs. post-money mechanics
  • Option pools and 409A
  • Dilution through rounds
  • Exit waterfall modeling
Module 08
Raising from Institutional Investors
How to approach, pitch, and close institutional capital — what VCs and PE firms want to see and how to build those relationships.
  • Targeting and outreach strategy
  • Pitch deck anatomy
  • What LPs evaluate in a deal
  • The 90-day raise process
Module 09
Exit Strategies & Outcomes
The full spectrum of liquidity events — IPO, strategic sale, PE buyout, secondary sales, and what each actually means for founders.
  • IPO vs. M&A trade-offs
  • Strategic vs. financial buyer dynamics
  • Secondary and partial exits
  • Tax and estate planning basics
Quick Reference

Key Terms Glossary

The terminology that comes up in every VC and PE conversation — with plain-English definitions.

EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization — the primary profitability metric used in M&A and PE valuation.
LOI
Letter of Intent — a non-binding document outlining the key terms of a proposed transaction before definitive agreements.
Carry (Carried Interest)
The share of investment profits that a fund manager earns — typically 20% above a preferred return hurdle.
Cap Table
Capitalization table — a spreadsheet showing every owner of equity in a company, their stake, and the terms of their ownership.
LBO
Leveraged Buyout — a PE acquisition strategy using a significant amount of borrowed capital to amplify returns on equity.
Liquidation Preference
A term sheet provision that determines how proceeds are distributed in a sale, typically protecting investor capital first.
Drag-Along
A provision allowing majority shareholders to force minority shareholders to participate in a sale on the same terms.
MOIC
Multiple on Invested Capital — a simple return metric calculated as total value received divided by total capital invested.
IRR
Internal Rate of Return — the annualized return on an investment, accounting for the timing of cash flows.
Data Room
A secure virtual repository where a company's financial, legal, and operational documents are organized for investor or buyer review.
Roll-Up
A PE strategy of acquiring multiple smaller companies in a fragmented industry to create a larger, more valuable combined entity.
QoE
Quality of Earnings — a due diligence report analyzing the sustainability, accuracy, and composition of a company's reported earnings.

Want expert guidance through your capital raise or exit?

Education is the starting point. When you're ready to run a real process, WETYR's advisory team has seen the other side of the table.