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AAPL213.18 ▲ 1.12%
MSFT415.63 ▼ 0.28%
GOOGL186.92 ▲ 0.74%
META576.40 ▲ 1.83%
AMZN223.45 ▼ 0.15%
NVDA138.24 ▲ 3.21%
BRK.B476.83 ▲ 0.31%
JPM254.17 ▼ 0.44%
10Y UST4.41% ▲ 3bp
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Home About Portfolio Analysis Team Apply Now
Est. 2024
Models Built 24
Avg. IRR Target 18.4%
Deal Flow Active
New York City · Independent Private Equity Initiative

Student-Led.
Institutional
Rigor.

Echelon Equity is a student-run private equity initiative applying real-world DCF methodology, three-statement modeling, and sector-specific analysis to identify and evaluate investment opportunities.

View Our Work Join the Team
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0
Deal Analyses Completed
0
Active Analysts
0
Sectors Covered
0
Published Memos
Who We Are

Built for those who
think in multiples.

Echelon Equity is an independent, student-led private equity initiative founded in New York City by George Tetteh and Jonathan Silva. We operate with the methodology of a real investment fund — performing rigorous DCF analyses, building three-statement models, and writing formal investment memos on real companies.

We exist because the gap between finance education and finance practice is too large. Most students graduate without ever building a model from scratch, let alone pitching an investment thesis to a room full of skeptics.

Echelon closes that gap. Our analysts learn by doing — covering real sectors, tracking real deals, and developing the judgment that sets them apart when they walk into their first interview.

01
DCF-First Methodology
Every analysis begins with intrinsic value. We discount cash flows, stress-test assumptions, and arrive at conviction before consensus.
02
Three-Statement Modeling
Income statement, balance sheet, cash flow — fully integrated and linked. Our models reflect the operational reality of each business.
03
Investment Memo Culture
Analysis that can't be written clearly isn't ready. Every deal gets a formal memo before any recommendation is made.
04
Sector Specialization
Analysts develop deep expertise in specific verticals — not generalists who know everything superficially, but specialists who understand the drivers.

Portfolio &
Analysis Pipeline

Active
Technology · SaaS
Palantir Technologies
Enterprise AI software platform with significant government and commercial exposure. Analysis focuses on terminal value sensitivity to ARR growth deceleration.
Entry EV/EBITDA 68.4x
DCF Fair Value $31.20
Upside / (Downside) -14.2%
Conviction HOLD
Active
Consumer · Retail
Dollar General
Value retail chain with 19,000+ locations. Our thesis examines shrinkage headwinds, rural market saturation, and competitive dynamics from Dollar Tree.
Entry EV/EBITDA 8.9x
DCF Fair Value $147.50
Upside / (Downside) +22.8%
Conviction BUY
Watch List
Healthcare · MedTech
Intuitive Surgical
Robotic surgery platform with dominant da Vinci market position. Monitoring procedure volume recovery and international expansion as potential re-rating catalysts.
Entry EV/EBITDA 62.1x
DCF Fair Value $415.00
Upside / (Downside) -3.1%
Conviction NEUTRAL
Closed
Energy · Midstream
Enterprise Products
MLP with extensive pipeline infrastructure. Thesis centered on distribution coverage ratio stability and fee-based revenue model as an inflation hedge.
Entry EV/EBITDA 10.2x
DCF Fair Value $32.80
Return (6mo) +18.3%
Outcome Thesis ✓
Active
Financial Services
Visa Inc.
Payment network with near-duopoly market position alongside Mastercard. Analysis centers on take rate compression risk from real-time payment rails and BNPL disruption.
Entry EV/EBITDA 28.4x
DCF Fair Value $298.00
Upside / (Downside) +8.7%
Conviction BUY
Watch List
Industrials · Aerospace
TransDigm Group
Aerospace components platform with proprietary aftermarket pricing power. PE-style capital allocation by a public company — studying the LBO math embedded in the equity.
Entry EV/EBITDA 22.6x
DCF Fair Value $1,240
Upside / (Downside) +5.9%
Conviction NEUTRAL
Sample Investment Memo
Dollar General: A Value Retailer
at an Inflection Point
12-page full investment memo · DCF model included · PDF download
Download Memo →
Interactive Tool

Build a
DCF in real time.

Adjust the assumptions below to see how valuation shifts. This is how we think — every assumption deserves scrutiny.

Revenue Growth Rate (Yr 1–5)
12.0%
EBITDA Margin
22.0%
Terminal Growth Rate
2.5%
Discount Rate (WACC)
10.0%
Base Revenue ($M)
$1,000
Net Debt ($M)
$500
DCF VALUATION OUTPUT — LIVE
$0
Enterprise Value ($M)
PV of FCF (Yrs 1–5)
PV of Terminal Value
Total Enterprise Value
Less: Net Debt
Equity Value ($M)
Implied EV/EBITDA (Yr1)
PV of FCF Weight
Terminal Value Weight
* Assumes D&A = 5% of revenue, Capex = 6% of revenue, tax rate = 25%, ΔWC = 2% of revenue growth. For illustrative purposes only.
The Analysts

The people behind
the models.

Echelon analysts are selected for intellectual curiosity, commitment to craft, and the willingness to be wrong — then figure out why.

J
Technical Analyst · Grade 11
Joseph Kazakov
Focused on macroeconomics and trading. Building proficiency in Excel-based financial modeling and technical market analysis.
M
Equity Research Analyst · Grade 10
Madhav Ravi
Covers industrials and consumer sectors. Interested in M&A dynamics and how AI is reshaping the role of financial analysts.
V
Equity Research Analyst · Grade 11
Ved Amin
Varsity athlete with a banking internship at Rockland Trust. Focuses on business analysis and understanding what actually drives company results.
T
Technical Analyst · Grade 10
Tenzin Gyataktsang
Passionate about financial literacy and building real skills early. Focused on learning how professionals use data to make investment decisions.
I
Technical Analyst · Grade 11
Ibrahim Bamba
Interested in finance and technology with a focus on understanding what drives economic success. Pursuing financial modeling skills for real-world analysis.
L
Macro-Policy Analyst · Grade 12
Leon Zheng
Manages his own portfolio and tracks how global events move markets. Incoming student-athlete at NYU with strong interest in currency dynamics and macro-driven equity positioning.
Join Echelon

Always
recruiting.

We recruit on a rolling basis — applications are reviewed as they come in and we admit analysts year-round across our coverage sectors.

We are not looking for finance majors. We are looking for people who are genuinely curious about business, relentlessly precise about numbers, and motivated to build something real.

No prior modeling experience is required. Everything technical is taught in-house. What can't be taught is intellectual honesty and the drive to go deeper.

Genuine curiosity about business, economics, or investing
Willingness to build financial models from scratch under guidance
Commitment to weekly analysis sessions and deal reviews
Clear written communication — we value the memo as much as the model
Currently enrolled as a high school or college student in New York City
Apply Now
Rolling Admissions · Apply Anytime
Submissions go directly to team@echelonequity.co