I’m Steve Francis, the founder of Ten Year.  Here are some of my relevant credentials.

 

Relevant Credentials

Finance degree from University of Washington

MBA from MIT Sloan School of Management, where I was a Sloan Fellow

Research projects in both undergraduate school and graduate school

  • Undergraduate research project. Studied the massive growth in Collateralized Mortgage Obligations CMOs (later called CDOs), securitization and asset backed securities.
  • Undergraduate research project. Wrote a computer program that implemented the “Black, Derman, Toy One Factor Model” for pricing call options on bonds.  This is not simply an equation but rather and process that uses a binomial interest rate tree that is derived from (1) a treasury yield curve (2) a measure of interest rate volatility.
  • MBA research project: How federal debt and entitlement obligations represent national security risks.
  • MBA research project (and publication in Journal of Operational Risk Management): Lack of Effective Information Sharing, the most insidious Operational Risk

Two undergraduate summer internships at AMBAC Capital Management

Sat for and passed the CFA level 1 exam.  Did not sit for 2nd or 3rd exam

FRM (Financial Risk Manager) certification earned in 2004

 

Less-Relevant Credentials

  • I am a technology executive and have had 2 successful tech company exits
  • I have been a CRO (Chief Revenue Officer) at multiple tech companies.
  • I have led go-to-market teams of up to 100 people (employees and contractors)

During my tech career I have held technical roles, sales roles, leadership roles and Sr. leadership roles.

Grad school thesis, 2011:  Factors Shaping the Evolution of the Cloud Computing Market,

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