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 MBA
Discipline: Creation
Course Level: Specialized Course
Special Features: Group Work
Required/Elective Course: Elective Course
Number of Credits: 1.5
Report: Day 6
Hours Per Class: 3 hours
Class Capacity: 24 (Part-time MBA)
*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
| THEME | Finance 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
| THEME | Understanding Investor’s Logic and Economics |
|---|
| CASE | ・ 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
| THEME | Building Financial Projection and Fundraising Strategy |
|---|
| CASE | "・ Asia Renal Care ・ Asia Renal Care, Spreadsheet ・ Capitalization Table of Asia Renal Care, Spreadsheet (to be downloaded)" |
|---|
Session B
| THEME | Building Fundraising Plan |
|---|
| CASE | ・ Asia Renal Care
・ Asia Renal Care, Spreadsheet |
|---|
Day 3
Session A
| THEME | Financing from Venture Capitalists and Due Diligence |
|---|
| CASE | ・Walnut Venture Associates (A): RBS Group Investment
Memorandum |
|---|
Session B
| THEME | Financing 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
| THEME | Deal Structures and Term Sheets |
|---|
| CASE | ・Term Sheet Negotiations for Trendsetter, Inc. |
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Session B
| THEME | Deal Structures and Term Sheets (Continued) |
|---|
| CASE | ・ Walnut Venture Associates (D): RBS Deal Terms（to be distributed in class on Day 3） |
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Day 5
Session A
| THEME | Deal Structure and IPO Exit |
|---|
| CASE | ・GREE, Inc. (A)
・GREE, Inc. (B)（to be distributed in class） |
|---|
Session B
| THEME | Deal Structuring for Carve-out and IPO |
|---|
| CASE | N/A |
|---|
Day 6
Session A
| THEME | Business Planning Presentations by Students |
|---|
| CASE | N/A |
|---|
Session B
| THEME | Business Planning Presentations by Students |
|---|
| CASE | N/A |
|---|
Textbook
N/A
Reference
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
