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 
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
THEMEBuilding 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
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 
Memorandum
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
CASE・GREE, Inc. (A)
・GREE, Inc. (B)(to be distributed in class) 
Session B
THEMEDeal Structuring for Carve-out and IPO
CASEN/A
 
Day 6
Session A
THEMEBusiness Planning Presentations by Students
CASEN/A
Session B
THEMEBusiness Planning Presentations by Students
CASEN/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

 

Faculty

Reiji Yamanaka
Reiji Yamanaka
Creation, Specialization
COURSES:
Social Venture Management
Venture Management
Venture Capital & Finance
Research Project
Tadahisa Saito
Tadahisa Saito
Accounting and Finance, Creation
COURSES:
Venture Capital & Finance
Finance II (Valuation and M&A)
Finance III (Mergers and Acquisitions)
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