Entrepreneurial Finance

Code:

LGE517

Acronym:

EF

Keywords
Classification	Keyword
OFICIAL	Business Sciences

Instance: 2006/2007 - 2S

Active?	Yes
Responsible unit:	Department of Management
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ECO	28	Official Curricular Structure since 2004	4	2	4	-
GES	14	Official Curricular Structure since 2004	4	2	4	-

Teaching language

English

Objectives

The objective of this course is to enhance students' understanding of the dynamic challenges faced by entrepreneurs in securing financial backing to support future start, growth and development of their projects. We shall examine these challenges in a variety of industry settings and stages of venture development both from the capital seeker (entrepreneur) and capital provider (investor) perspectives. This course is expected to provide participants with practical insights on a number of issues related with business angels and venture capital financing.

Program

1. Introduction to Entrepreneurial Finance
2. Venture capital financing
3. Angels financing
4. Valuation of entrepreneurial deals
5. Structuring entrepreneurial deals
6. Legal issues
7. Adding value
8. Other topics

Main Bibliography

- Richard L. Smith and Janet Kiholm Smith, 2004. Entrepreneurial Finance, Wiley & Sons;
- The Entrepreneurship Educational Toolkit on Private Equity & Venture Capital, EVCA 2002
- Reading Package including several case studies and technical notes.

Teaching methods and learning activities

Content will be delivered in three ways in the course:
1. Lectures will be given on specific topics at appropriate times throughout the course;
2. Case studies discussion;
3. Personal perspectives from entrepreneurs and capital providers (videos).

Evaluation Type

Distributed evaluation with final exam

Examinations or Special Assignments

Hand-in Cases:
On an individual basis, the participants will be asked to submit written executive summaries for selected case studies at the beginning of the respective session. The executive summaries should not reiterate material that is covered in the case study but rather should directly answer the questions to be addressed in bullet-point format in no more than 2 pages.

Course Project:
The major course assignment will be an individual project. Regardless of option selected, the report submitted must not exceed 20 pages including exhibits.
There are three options available to satisfy the course project requirement:
- The financing plan option is targeted those who have a specific entrepreneurial project in mind to launch in the future. You will be expected to produce a detailed blueprint of your intended capitalization strategy;
- The case study option is targeted at those who wish to explore and describe the financing process of an entrepreneurial company that has received (formal or informal) venture capital. You will be expected to produce a critical evaluation of the deal achieved;
- The technical note option is targeted at those who wish to explore a specific aspect of entrepreneurial finance in detail.