#+title: Section 8 | Lesson 44 - Debt/Bonds, Interest Rates/Yield Curves, Equity
#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../_share/media/css/business.css" />

* Links
- [[./../mba-main.org][TOC | Business]]
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4282976#overview][S08:L44 Debt/Bonds, Interest Rates/Yield Curves, Equity]]

* Notes

** late stage VC & VD round
- year 5-6
- best VC: Meritech
- best VD: Silicon Valley Bank

** Finance & Accounting differences
*** accounting
- accrued revenue and expenses

*** finance
- cash revenue and expenses
- cost of capital (cost of getting money)
- cost of equity

** Debt
- nominal interest rate = interest rate of a bank loan
- real interest rate: rate that government loans banks

- liquidity risk: how fast can one turn all his assets to cash

- cost of debt = liquidity risk + inflation risk  + defautl risk + maturity + real interet rate

- risk free rate = real rate of interest + inflation premium

** yield curve