Venture Capital and Finance

Course Objectives

The aim of this course is to provide current and future entrepreneurs with the knowledge of finance they will need when starting a business or making an investment decision.

This course is mainly designed for current and future entrepreneurs, those currently involved in an entrepreneurial venture, and those interested in extending their knowledge of finance to the entrepreneurial area. The course will also be of benefit to many others, including those hoping to manage entrepreneurial ventures and new businesses and those with an interest in the financial issues peculiar to a business startup.


Course Details

Programs: Full-time MBA, Part-time & Online MBA
Discipline: Creation
Course Level: Specialized Course
Required/Elective Course: Elective Course
Number of Credits: 1.5
Report: Day 6
Hours Per Class: 3 hours
Class Capacity: 35

*Due to the characteristics of the course, application of the substitute class and leave of absence system may be limited.


Recommended Preliminary Courses

In order to maximize learning, students are recommended to have taken or be familiar with the following related courses:

- Critical Thinking
- Accounting I
- Finance I


Theme/Reading Materials

Day 1
Session A
THEMEFinance in an Entrepreneurial Context
CASE・Ehon Navi's Financial Strategy(A)
・Ehon Navi's Financial Strategy(B)(to be distributed in class)
・Ehon Navi's Financial Strategy(C)(to be distributed in class) 
Session B
THEMEUnderstanding Investor’s Logic and Economics 

・ The Venture Capital Method - Valuation Problem Set
・ The Venture Capital Method - Valuation Problem Set (Solutions) (to be downloaded)

・ A Method for Valuing High-Risk, Long-Term Investments: The “Venture Capital Method”

Day 2
Session A
THEMEBuilding Financial Projection and Fundraising Strategy

"・ Asia Renal Care

・ Asia Renal Care, Spreadsheet

・ Capitalization Table of Asia Renal Care, Spreadsheet (to be downloaded)"

Session B
THEMEBuilding Fundraising Plan
CASE・ Asia Renal Care
・ Asia Renal Care, Spreadsheet
Day 3
Session A
THEMEFinancing from Venture Capitalists and Due Diligence
CASE・Walnut Venture Associates (A): RBS Group Investment 
Session B
THEMEFinancing from Venture Capitalists and Due Diligence (Continued)
CASE・Walnut Venture Associates (B): RBS Due Diligence - Customers 
・Walnut Venture Associates (C): RBS Due Diligence - Market Size
Day 4
Session A
THEMEDeal Structures and Term Sheets
CASE・Term Sheet Negotiations for Trendsetter, Inc.
Session B
THEMEDeal Structures and Term Sheets (Continued)
CASE・ Walnut Venture Associates (D): RBS Deal Terms(to be distributed in class on Day 3)
Day 5
Session A
THEMEDeal Structure and IPO Exit
・GREE, Inc. (B)(to be distributed in class) 
Session B
THEMEDeal Structuring for Carve-out and IPO
Day 6
Session A
THEMEBusiness Planning Presentations by Students
Session B
THEMEBusiness Planning Presentations by Students




Feld, Brad and Mendelson, Jason. 2019. Venture Deals: Be smarter than your lawyer and venture capitalist. 4nd ed. Wiley.
ISBN-10: 1119594820 / ISBN-13: 978-1119594826

Bygrave, William D. and Zacharakis, Andrew. 2014. Entrepreneurship. 3nd ed. Wiley.
ISBN-10: 1118582896 / ISBN-13: 978-1118582893



Reiji Yamanaka
Reiji Yamanaka
Creation, Specialization
Entrepreneurship is the critical component for us to 'create and innovate the society.' Then, how can we brush it up? We provide technical skills and knowledge, but that is not enough. I believe it is the 'virtual' experience of real startup that trains your entrepreneurship.Please enjoy our venture-related courses, and virtually experience your entrepreneurial journey, through case discussion, role-playing, and business planning.
Tadahisa Saito
Tadahisa Saito
"A good manager need to have extensive management experiences and accurate understanding of various principles and frameworks of management which are effectively and organically integrated in order to tackle with various management problems he or she faces day to day. MBA education aims to first disassemble student’s practical knowledge and experiences, and then to integrate them with fundamental theories and frameworks underlying them so that he or she may make appropriate judgment and decisions on difficult and complicated management problems. I would like to emphasize that you should not leave what you have learned in each discipline or course stand alone but try to integrate them into one big ecosystem of management. Through your study at GLOBIS, I really look forward to seeing you metamorphose into really visionary leaders who create and innovate the societies by creating and renovating businesses with enhanced social corporate value."
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