This course examines the elements of entrepreneurial finance, focusing on technology-based start-up ventures and the early stages of company development. It will focus on the finance principles related to the risk & return of venture capital, the valuation of high growth companies, the capital structure specific to venture capital-backed companies, and investment decisions under uncertainty. The course addresses key questions relevant to both startup and corporate entrepreneurs: How much money can and should be raised? When should it be raised and from whom? What is a reasonable valuation of the company? How should funding, employment contracts and exit decisions be structured?
In particular, the following course modules will be covered:
The class sessions will be a mixture of input lectures, teamwork on case studies and class discussions.