PinnedRamkumar Raja Chidambaram·Sep 15, 2023Session On Startup Valuation Methodologies For CFA Society IndiaI had the pleasure of serving as the speaker for yesterday’s startup valuations workshop organized by the CFA Society India in Pune.
Ramkumar Raja Chidambaram·Apr 2The $852 Billion Bet: Reading the OpenAI VC Pricing Model the Way Investors Actually ShouldThere’s a number that stops you cold when you first see it. Not because it’s large — you get numb to large numbers in this business — but…
Ramkumar Raja Chidambaram·Mar 30When Headcount Stops Being a Moat: A DCF Anatomy of Indian IT’s AaaS ReckoningThe Nifty IT index is down 25% year-to-date in 2026. The Nifty 50 is down 12%. That 13-percentage-point gap is not noise — it is the market…
Ramkumar Raja Chidambaram·Mar 22The Price of Having FunWhy the Most Exciting Stocks Are Mathematically Guaranteed to Disappoint — and a Model That Proves It
Ramkumar Raja Chidambaram·Mar 21Valuing Accenture (ACN): The Economics of AI Reinvention, Defensive Resilience, and a $22.1BI Built a Full DCF Model on Accenture After Their Q2 FY26 Results. Here’s Every Assumption I Made and Why.
Ramkumar Raja Chidambaram·Mar 20Paramount’s $111B WBD Deal: $75B in Debt Demands an Unprecedented 12% Streaming GrowthI built a Full M&A Model on the $111 Billion Paramount-Warner Bros. Deal. Here’s What the Numbers Actually Say.
Ramkumar Raja Chidambaram·Mar 14Amazon’s $97 Billion Accounting Illusion: Why a 13.6x Multiple is Actually 8.6xIn physics, when water reaches 100 degrees Celsius and turns to steam, it undergoes a phase transition. The physical water molecules remain…
Ramkumar Raja Chidambaram·Mar 7The Geometry of Value: A 2026 Macro-Adjusted Valuation FrameworkI want to begin with the conditions on the ground in March 2026, because they are what forced me to rebuild a valuation framework from…
Ramkumar Raja Chidambaram·Mar 1THE HORMUZ CALCULATIONSaturday Night, I was mid-way through my second cup of coffee when the news broke. Ayatollah Ali Khamenei, the man who had shaped Iranian…
Ramkumar Raja Chidambaram·Feb 27The AI Infrastructure Paradox: When Trillion-Dollar Monopolies Fund Their Own HypergrowthHook
