Path C — Private Sector Transition

Research Curriculum

Last updated 2026-04-22 · Read at night · Iterate in scoping sessions

The goal of this curriculum is to close the context gap — the difference between understanding state-government finance and reading a private-sector company the way someone inside it reads it. Without this, lane-narrowing, outreach targeting, interview answers, and offer evaluation all run on guesswork.

Topics are ordered by leverage, not alphabet: the earlier items unlock decisions the later items build on. You can evaluate any offer once A + B are internalized.

Priority Order

TOPIC B · START HERE Ready

Equity Compensation (deep)

ISOs vs NSOs vs RSUs, vesting mechanics, strike prices and 409A, exercise cost, tax treatment, QSBS, liquidation preferences, worked examples at Series B / C / public, negotiation levers. The numerical foundation for evaluating any offer.

TOPIC A To do

Company Lifecycle & Funding

Seed / A / B / C / D / growth / pre-IPO / IPO — what each stage means operationally, headcount/revenue markers, venture math, dilution, burn and runway, why companies raise, recent market dynamics (ZIRP → correction → now).

TOPIC C To do

Finance Function Roles

CFO / VP Finance / Head of FP&A / Strategic Finance / BizOps / Chief of Staff — what each role actually does at different company stages, team sizes, scope, comp, career arcs.

TOPIC G To do

Offers & Negotiation

Anatomy of an offer, equity numeric reasoning, competing-offer leverage, pension trade-off as negotiation lever, red flags in offers, when and how to push.

TOPIC D To do

Growth-Stage KPIs & Operating Rhythm

ARR, NRR, GRR, burn multiple, magic number, Rule of 40, CAC payback, LTV/CAC, the finance calendar at a growth-stage SaaS company, board materials, investor relations at private companies.

TOPIC E To do

Industry Landscape Deep Dives

AI foundation models, applications layer, infrastructure; fintech; sports tech; sports team business; biotech/healthtech. Who's who, funding, moats, risks.

TOPIC F To do

Hiring Process & Interview Mechanics

How growth-stage companies source, typical interview loops, case formats, financial modeling exercises, culture fit, references and backchannels.

TOPIC H To do

Company-Specific Due Diligence (ongoing)

Deep dives on tier-1 companies as they emerge. Current funding, leadership, product direction, Glassdoor/Blind read, recent press, hiring signals. Builds alongside the rest of the curriculum.

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