Entrepreneurial Finance
Overall Course Objectives
The course allows students to explore and learn basic skills and knowledge in the financing of entrepreneurial ventures and understand the process of financing entrepreneurial ventures from the perspective of entrepreneurs and investors. It addresses key issues which challenge all entrepreneurs: how to identify financial needs and how much money should be raised; how to develop basic financial plans; when should funding be raised; from whom should funding be raised; what is a reasonable valuation of the company; how to negotiate terms of investment; and how to make exit decisions. Additionally, the course addresses various financing arrangements and methods (for example, bootstrapping, angels, venture capitals, corporate venture capitals, crowdfunding, and accelerators). In the end, the course aims to prepare students to learn how to make critical decisions on entrepreneurial finance.
See course description in Danish
Learning Objectives
- Read and interpret basic information presented in financial statements.
- Identify the needs for funding and estimate the amount needed.
- Develop and write basic pro-forma financial statements for a new venture.
- Identify and assess various sources of funding in entrepreneurial finance.
- Analyze funding sources and make recommendations on the choice of funding sources.
- Estimate the market value of a new venture.
- Negotiate the terms of investment of a new venture.
- Discuss alternative exit strategies and recommend exit choice decisions.
- Discuss the process of financing entrepreneurial ventures from the perspective of entrepreneurs and investors.
- Analyze new ventures from entrepreneurial finance perspective.
- Apply tools and frameworks to make critical decisions on entrepreneurial finance.
Course Content
Financial Statements
Financial Projections
Identifying Financial Needs
New Venture Valuation
Business Angels
Venture Capitals
Corporate Venture Capitals
Crowdfunding
Accelerators
Term Sheet
Exit Strategy
Recommended prerequisites
38203
Teaching Method
Lectures, discussions, group work, individual exercises and exam
Faculty
Limited number of seats
Minimum: 15.
Please be aware that this course will only be held if the required minimum number of participants is met. You will be informed 8 days before the start of the course, whether the course will be held.