MANAGEMENT

MGMT-696 Selected Topics:Non-Recurring Course Level: Graduate

Selected Topics: Non-Recurring (1-6) Topics vary by section. Repeatable for credit with different topic.

MGMT-696-001

Term: Fall 2018 Regular Term

Course Level: Graduate

Section Title: Entrepreneurial Finance

Entrepreneurial Finance (3) This course looks at how start-up organizations are financed, from both the entrepreneur's perspective as well as the angel investor and venture capital (VC) firm. Students learn the challenges entrepreneurs face when raising capital, looking at what it takes to secure financing, the various sources of funds, the instruments, the economic and governance impacts to the business owner, and how each of these change as the enterprise grows. What-if financial spreadsheets are developed to help understand the cash flow and valuation implications of various operational scenarios. From the investor's viewpoint, students look at valuation techniques, deal terms and structure, and how expected returns of a typical portfolio drive pricing decisions. The course includes lectures, student projects, business cases, and guest speakers (an entrepreneur, an angel or VC, and a law professor). The course is especially useful to students entering the Venture Capital Investment Competition (VCIC), as well as those hoping to start their own firm. Prerequisite: FIN-614 or FIN-630. Meets with FIN-496 001 FIN-696 001 MGMT-496 001.