Overordnede kursusmål
The course allows students to explore and learn elements of
entrepreneurial finance, focusing on technology-based start-ups and
the early stages of company development. It covers basic accounting
requirements and addresses key issues, which challenge all
entrepreneurs: what is a reasonable valuation of the company; how
much money can and should be raised; when should it be raised and
from whom; and how to structure funding, and exit decisions. It
aims to prepare students to make decisions about these issues, both
as entrepreneurs and as potential investors.
In addition to theoretical teaching, students will interact with
the practices of entrepreneurial finance through project
work/shadowing financing decision makers.
Læringsmål
En studerende, der fuldt ud har opfyldt kursets mål, vil kunne:
- Understand basic accounting requirements for a new company
- Describe the basics of starting and growing an existing
business in the early stages of development from a financial
perspective
- Describe the concepts of valuation for entrepreneurial ventures
and possible funding sources
- Examine Venture Capital funding and how it works.
- Apply relevant tools in performing alternative valuations in
assessing the value and price of investment deals
- Identify finance worthy business opportunities
- Explain differences between the perspectives of funder and
entrepreneurs
- Discuss term sheets and the concept of due diligence
- Evaluate working capital position of a start-up firm
- Produce a finance program for a start-up firm combining
different types of investment and planning horizons
- Discuss liquidity events including IPO, ICO, sales and
mergers
- Recognize and discuss ethical issues related to the financing
of a business
Kursusindhold
Basic accounting principles and tools
Accounting statement
Business evaluation & Valuation
Valuation tools
Venture Capital funds
Futures & Option pricing (Corporate finance)
Deal Structure
Initial Public Offerings IPO
Initial Coin Offerings
Start-up Development and Fund raising
Later Stage Financing
Exit strategy- Sales, Mergers etc.
Litteraturhenvisninger
“Entrepreneurial finance: new frontiers of research and practice”,
Cristiano Bellavitis, Igor Filatotchev, Dzidziso Samuel Kamuriwo
& Tom Vanacker.
“Entrepreneurial finance and technology transfer”, David B.
Audretsch, Erik E. Lehmann, Stefano Paleari, Silvio Vismara.
“Women entrepreneurs’ financing revisited: taking stock and looking
forward”, Claire Leitch, Friederike Welter & Colette Henry
Entrepreneurial Finance and Accounting for High-Tech Companies by
Frank J. Fabozzi The MIT Press (November 18, 2016) – Selected
Chapters
Sidst opdateret
25. juli, 2022