Wall Street has a reputation for overworking its junior bankers with cumbersome deal calculations, multiple spreadsheet revisions and copious slide deck formatting. A New York-based software startup says it has a fix.
The company, Mosaic, lets dealmakers input key elements of a potential business acquisition, such as revenue, earnings growth or valuation on a simple interface, and then calculate the profitability of an investment in minutes. Other time-saving features include the ability to export the finished financial model as an Excel, PDF or PowerPoint file.