Field Notes
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Practical observations from real-world private equity, acquisitions, and decision-making.
Field Notes is a collection of short, focused write-ups drawn from real operating, investing, and deal evaluation experience.
These are not opinion pieces.
They are not academic essays.
And they are not promotional content.
Each Field Note captures a specific insight, framework, or pattern observed in practice — the kinds of things that are often learned informally on the job, but rarely written down.
What You’ll Find Here
Field Notes may cover topics such as:
- How deals actually get screened (beyond CIMs and models)
- Common failure points in lower-middle-market transactions
- Judgment mistakes early investors and operators make
- How incentives, structure, and risk interact in practice
- Decision frameworks used under imperfect information
The focus is on how practitioners think, not what textbooks explain.
Who Field Notes Are For
Field Notes are written for:
- Students seeking realistic exposure beyond coursework
- Career switchers building intuition around deals
- Operators exploring acquisitions
- Investors sharpening screening and judgment
No prior background is assumed — but seriousness is.
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A Note on Scope
Field Notes are provided for educational purposes only.
They do not constitute investment advice, deal recommendations, or professional consulting.
Start Reading
Below you’ll find the current collection of Field Notes.
New notes are added periodically as new observations emerge.
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