Question 1

What is a finance simulator?

Accepted Answer

A finance simulator is an interactive tool that lets you build and test financial models — like LBO models, DCF valuations, and M&A deal structures — in real time without Excel. FundSim provides free browser-based simulators for PE, VC, and IB.

Question 2

How do I practice LBO modeling for free?

Accepted Answer

FundSim's free LBO simulator lets you model leveraged buyouts interactively — adjust entry multiples, debt tranches, hold period, and exit assumptions to see IRR and MOIC in real time. No signup or Excel required.

Question 3

What is the best free alternative to Wall Street Prep?

Accepted Answer

FundSim is the leading free alternative to Wall Street Prep. It offers interactive LBO, DCF, M&A, PE waterfall, and VC cap table simulators with live financial calculations — all free, no subscription required.