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1. COURSE OBJECTIVES
Fundraising for new ventures examines the elements of entrepreneurial finance, focusing on technology-based start-up ventures and the early stages of company development. The course addresses key questions which challenge all 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; and how should funding, employment contracts and exit decisions be structured. It aims to prepare students for these decisions, both as entrepreneurs and venture capitalists. In addition, the course includes an in-depth analysis of the structure of the private equity industry. This course will use a combination of case discussions and lectures to study entrepreneurial finance. The course is targeted to budding entrepreneurs and venture capitalists. There are five main areas of focus: Business Evaluation and Valuation: Here we will give you some tools to valuate early stage business opportunity. We will also review the standard tools of valuation applied to start-up situations and introduce the venture capital method and the real options approach to valuation.
2. COURSE CONTENTS
No.
Contents
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
(3)
Self-study with teacher’s tutorials
(4)
Lecture
(1)
Practice, Seminar…
(2)
1
Chapter 1: Introduction to Fundraising for new ventures
2
1
1.5
6
1,8,9,11
2
Chapter 2: Source of Funding
2.5
0.5
0.75
6
1, 8,9,11
3
Chapter 2: Source of Funding
1.5
1.5
2.25
5
1, 8,9,11
4
Chapter 3: Funding Process
2.5
0.5
0.75
6
2, 8,9,11
5
Chapter 3: Funding Process
2
1
1.5
5
2, 8,9,11
6
Chapter 4: Financial forecasting and assessing finance needs
2.5
0.5
0.75
6
2, 8,9,11
7
Chapter 4: Financial forecasting and assessing finance needs
2.5
0.5
0.75
6
3, 8,9,10,11
8
Chapter 5: Venture valuation
2
1
1.5
5
3, 8,9,10,11
9
Chapter 5: Venture valuation
1.5
1.5
2.25
4
2, 3, 4,8,9,11
10
Mid-term Assessment
3
0
0
6
8,9,10,11
11
Chapter 6: Financial contracting
2.5
0.5
0.75
6.5
4, 8,9,10,11
12
Chapter 6: Financial contracting
2.5
0.5
0.75
6
4, 8,9,11
13
Chapter 6: Financial contracting
1.5
1.5
2.25
4
4, 8,9,11
14
Chapter 7: Harvesting and future of fundraising for new venture
2.5
0.5
0.75
6
5,6,7,8,9,11
15
Chapter 7: Harvesting and future of fundraising for new venture
2
1
1.5
5
5,6,7,10,11
Total (hour)
30
15
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Assess the ability to understand the lesson and the sense of participation in the lesson
The number of attendances and participation in lesson
6,7,8,9,10,11
10%
Quiz, midterm test
Written form and multiple choice about the content of the modules studied.
Quick test, 30 minutes
1,2,3,4,5,6,7,8
20%
Report
Analyze a capital raising deal of an enterprise.
Group assignment
1,2,3,4,5,6,7,8
10%
Summative
Final test
Assess how much students achieve the target percentage of knowledge
MCQ + writing (90 mins)
1, 4,5,7
60%
Total:
100%