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  • Writer's pictureAleksey Krylov

Aleksey Krylov Shares with Students a Case Study in Financial Modeling and Venture Exits

Updated: Dec 29, 2023


I am excited to be back with Joel Palathinkal at Sutton Capital.





We review a case study of Arete Labs, a startup successful in securing interest from angels and VC investors. As the business matures and becomes profitable, the founders and the Board start thinking about exit and the challenges and opportunities this stage of the company development presents.


The exit stage is when founders and investors realize their investment and, one hopes, generate exciting returns. Common exit strategies include initial public offerings (IPOs), acquisitions by larger companies, management buyouts, or secondary market sales. The timing of the exit depends on various factors, including market conditions, the company's growth trajectory, and the investor's desired return on investment.


For this case study, I, Aleksey Krylov, pretended to be both the co-founder and investor in several rounds of funding. By reviewing this case study, one comes to realize that not all investors are aligned and depending on which security an investor holds, she may have different priorities around exit timing and structure.





About Aleksey Krylov, FTERA Advisors

Aleksey Krylov served in CFO roles of public and VC-backed private companies. As investor, he contributed to 25+ private equity deals that have deployed $500 million. He has advised 50+ clients on raising $1.6 billion in equity in the healthcare, consumer, media, software, energy, and industrial sectors.



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