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PDF Editor FAQ
What are key terms and conditions of an investment agreement with Angel Investor?
Just use the YC, 500 Startups or TechStars documents that are free online.
What could be a good solution to the threat China poses to Western democracies?
China poses no threat to any democracy. They are not interested in threatening anyone. All that they are interested in is doing business with everybody so that there will be no more poverty in China and everyone has a decent life.Unfortunately, there in one western country - the US - that feels threatened by China’s economic rise. The US fears that China will become the top economic power in the world, overtaking them. That is why the US has started the trade war and trying to force China to accept some one-sided agreement terms that will stop China’s economic rise.The other Western countries do not see China as a threat. In fact, EU is in active contact with China about an investment agreement that they want signed before the end of this year.A couple of months ago, China and Britain clinched £500 million (US$630 million) worth of deals. Vice-Premier Hu Chunhua and British Chancellor Philip Hammond also vowed to work together to protect global trade (guess who is messing up the global trade by applying tariffs on whoever they like!).Like the others who have responded here, I believe that the above question is wrong.It should be “What could be a good final solution to the threat that the US poses to China?”
What is it like to be an investment banker?
I don't work in M&A/corporate finance, but I can tell you what a typical day is like for an equity salesperson at an investment bank. Every day is different and there are lots of variables ie: is there a live deal? Are you travelling? Is there research out?A typical day when you're in the office is as follows.....6:00am: wake up (this is earlier in London & NY)7:00am: I scan the news on a customized Bloomberg "my news" and read The Economist espresso app while commuting on public transport.7:30am: on "the desk" trying to finish breakfast while I read the days news on my Bloomberg, both are hard to digest sometimes.8:00am: the morning call starts with everyone calling from their respective offices in Europe (NY does one later in the day). First it's the traders call where they go over market moving news at a high level. Then the research call where analysts will go over their company research, make a case for their rating call while sales challenge them.8:30am: rush to get back to the desk to get pertinent results and a news "daily" I send clients before the 9am open.9:00am: try to read our analyst's research (if out that day) and quickly put out a "Bloomie" which is a catchy email to investors with Bloomberg mail with a trading idea.9:30 - 11am (can be done in any block during the day): on the phone with European investors trying to push our analyst's research, often times I'll conference in the analyst as it's important they get phone time to build a relationship with the client since most funds use Commission Sharing Agreements now, which means they pay by voting for you and your analysts on an internal system, the votes are tied to a monetary amount. As volumes have shrunk along with commissions for trading - especially in Europe - and Hedge Funds are less important, idea generation ie: giving clients trading ideas to generate trades, have largely fallen by the wayside. A rate of 1/4 of the clients picking up the phone is a good day nowadays.11-13:00: Answering requests from clients, which could mean questions about a particular company or a model of a company under our coverage, etc. Also handling internal requests from coworkers, clarifying news from analysts.13:00: Lunch on the desk while I put together that same "daily" news from our region to North American based client. This needs to be out by 8am ET.14:00 - 17:30: handling more requests from clients and general chatter with them on Bloomberg instant messenger, pushing invitations to our conferences, organizing meetings for analyst roadshows, chasing analysts to answer questions from clients, try to read more research to come up with ideas. However, this is mainly time for administrative stuff.17:30: hopefully out the door and home, however this would be when we get an email from ECM (Equity Capital Markets) that we have an ABB (a secondary offering) on a company and we'll have to get back on the phone and IB chat to get client orders. Depending on the deal, this can go until 9pm or if it's a hot deal it can mean the books are covered in 1 hour.*several times a month I'm travelling and will have to do a lot of this from the airport, taxi or hotel. Travel usually means accompanying a company or analyst on a roadshow where you're just a chaperone.
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