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Carolyn Deng, CFA

Carolyn Deng, CFA

Singapore, Singapore
Member since May 30, 2017
A Wharton MBA and CFA charterholder, Carolyn has managed a $700 million VC portfolio, executed 20+ VC/PE investments and exits, and advised Bain clients on growth and return strategies. She's worked with startups and corporates across China, Canada, US, and Australia in VC financing, investment management, strategy, M&A and business development. Freelancing allows her to choose the projects that best leverage her unique experiences.
Carolyn is now available for hire
Career Highlights
Education
Select Certifications
Case studies
Industry Expertise
  • Venture Capital
Other Expertise
  • Australia
  • Business Plan Pitches
  • Financial Modeling
  • Financial Planning & Analysis (FP&A)
  • Fundraising
  • Mergers & Acquisitions (M&A)
  • United States
Employment
  • Senior Manager, Group Strategy and M&A
    2016 - 2017
    Westpac
    • Created a new digital banking proposition (including prototypes) for the business development team to acquire more than 200,000 new millennial customers and developed a product business case, including detailed P&L, cash flow, investment, and valuation projections, to internally pitch for funding.
    • Developed medium-term strategic options for a mortgage portfolio business to improve profitability (ROTE) by 40%.
    • Led the strategy review in the mobility ecosystem to develop a new revenue source for the bank.
    Focus areas: Financial Strategy, Business Plan Development, Profitability Optimization
  • Consultant
    2014 - 2016
    Bain & Company
    • Created an outside-in, full-potential strategy to improve the shareholder return by 5% for a top Australian bank.
    • Designed and implemented an NPS-based customer advocacy strategy for a leading wealth manager with more than 5,000 employees by designing surveys, establishing KPIs, and implementing operating rhythms across account management and operations team.
    Focus areas: Business Strategy, CPG Company Turnaround
  • Investment Associate, Global Funds, Co-invest, and Venture Capital
    2010 - 2012
    Ontario Teachers' Pension Plan Investment Board - Teachers' Private Capital
    • Evaluated private equity and venture capital direct and co-investment opportunities in technology, biopharmaceutical, and energy sectors.
    • Led the due diligence and execution of more than 20 venture capital financing transactions worth more than $200 million (total money raised by startups backed by well-known venture capital investors such as Kleiner Perkins and NEA).
    • Led management of a $700 million portfolio with more than 80 venture capital direct and funds investments.
    • Developed an LBO, trading multiples, precedent transactions, and DCF valuation models.
    • Negotiated NDAs, term sheets, and sales and purchase agreements; conducted management interviews.
    • Provided the sole support to the head of venture capital (VC) and represented OTPP on VC fund limited partners (LP) advisory board.
    • Managed investment exit process: completed one IPO, three M&A, one short sale, and 20 stock sale transactions.
    • Executed eight global private equity and venture capital funds' investments, resulting in a $750 million aggregate commitment.
    Focus areas: Venture Capital Investment, Private Equity Funds Investment, Due Dilligence, Deal negotiation
Other Experience
  • AI Investment Primer: A Practical Guide to Appraising Artificial Intelligence Dealflow (Part II) (Publication)
    In part I of this two-part series, Toptal Finance Expert Carolyn Deng provided an overview of the world of AI aimed at investors, with a focus on understanding what factors make for a great AI company. In this follow-up post, she outlines five practical steps investors should follow when diligencing a potential AI investment.
  • AI Investment Primer: Laying the Groundwork (Part I) (Publication)
    Over the last few years, the world has witnessed an explosion of interest surrounding Artificial Intelligence. A concept once confined primarily to the Sci-Fi genre, AI has become part of our everyday lives. Hundreds of millions of dollars have been poured into AI companies, and investors all around the world are keen to put money to work in this space. Nevertheless, there still exists a significant gap in understanding and knowledge about AI applications, particularly amongst the investor community. This article, the first of a two-part series on the topic, is a collection of thoughts and advice by Toptal Finance Expert Carolyn Deng, based on her experience having founded an AI startup as well as having worked as VC Investor.
  • Startup Financing for Founders: Your Companion Checklist (Publication)
    Attention on the financial aspects of startups tends to focus on the external measure of fundraising. Yet before this, there are many aspects for an entrepreneur to consider regarding setting their business up for financial success. In this article, we address eight vital considerations to take around the equity, budget, and valuation components of a startup.
Education
  • Master of Business Administration (MBA) degree in Finance and Entrepreneurial Management
    2012 - 2014
    The Wharton School at the University of Pennsylvania - Philadelphia, PA, USA
  • Chartered Financial Analyst (CFA) in Financial and Investment Analysis
    2006 - 2010
    CFA Institute - Charlottesville, VA, USA
Certifications
  • Chartered Financial Analyst (CFA)
    SEPTEMBER 2012 - PRESENT
    CFA Institute
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