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

In this episode, I interview Ashley Wu, who went from being an athlete at Yale University to working at UBS’s TMT Group in New York and in private equity at Thoma Bravo.

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⏱Timestamps⏱
00:00:00 - Introduction
00:01:31 - Overview of background
00:07:39 - Initial interest in finance
00:10:00 - Utilizing resources at Yale for finance and banking
00:11:41 - Tips for networking in finance
00:14:21 - Timing for sending thank-you emails post-interview
00:15:15 - Resources used for securing a position at UBS
00:17:26 - Initial months of working at UBS
00:26:25 - Highlights and challenges of banking
00:35:15 - Choosing to transition into private equity
00:38:45 - Thoma Bravo's company pitch
00:41:27 - Discussion on full buyouts
00:41:41 - Typical debt percentage in deals
00:43:01 - Profitability requirements for investment
00:43:19 - Managing risk in potentially unprofitable investments
00:48:11 - Involvement with portfolio companies
00:48:13 - Operational support from Thoma Bravo
00:50:11 - Changes in management post-acquisition
00:51:57 - Decision-making on management team adjustments
00:53:19 - Perspectives on the necessity of private equity
00:55:49 - Valuable insights gained from working in private equity
01:06:50 - Walking through a PE deal
01:11:10 - Discussing work hours during intensive periods
01:14:10 - Enjoyable aspects and surprises in PE
01:14:18 - Challenges in PE beyond work/life balance
01:18:00 - Deciding to leave PE for further education
01:19:56 - Integrating lessons from Adobe into future roles
01:22:40 - Aspirations for becoming a CXO
01:24:58 - Key lessons from the Wharton experience
01:31:20 - Advice to younger self

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