- Understand difference between entrepreneurial finance and corporate finance
- Differentiate between stages of new ventures development an the sources of financing available
- Understand the investment process and specifically the investment criteria and how investors make their investments
- Venture capital, Private Equity and Corporate Venture Capital
- Differentiate between the most innovative ways of providing public financial support to start-ups
- Proforma analysis of income statement, balance sheet and cash flow statement
- Financial planning
- Valuation methodologies and term sheets
- Recognize exactly how investors time their exit decision
Topic 1: Introduction to Entrepreneurial Finance
Topic 2: Early Sources of Funding
Topic 3: VC, Private Equity & Corporate VC
Topic 4: Public Sources of Funding
Topic 5: Deal Screening & Sourcing
Topic 6: Preparing the Financial Plan: Forecasting
Topic 7: Valuation of New Ventures
Topic 8: Term Sheet & Negotiating with Investors
Topic 9: Harvesting: the Exit
The class sessions will mostly consist on solving case studies (from the Harvard Review library). They will be devoted to hands-on practice. Students will be exposed to real life situations, either through case studies or stories from guest speakers.
In this elective class, group work is essential, as it allows students to confront ideas and learn from each other's opinions and stories.
- Continuous evaluation: 40%
Class attendance
Class participation
Assignments (to deliver before class)
Class quizzes (kahoots)
- Final Exam: 60%
- Attendance. Non-attendance require prior notification via e-mail
Recommended Textbook:
"Entrepreneurial Finance: The Art and Science of Growing Ventures", by Luisa Alemany and Job J. Andreoli. Cambridge University Press. ISBN 978-1-108-43185-9.