General Information
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Target Audience
This course is intended to appeal to students interested in the managing or financing of entrepreneurial ventures, as well as those interested in institutional investing and private equity. Students with public policy interests may also find the course rewarding.
Format
12 regular sessions
Course Mission
This course seeks to train students to evaluate the strategies of venture capital firms, to recognize and evaluate investment opportunities, and to understand the structure and dynamics of entrepreneurial finance.
Course Scope
This course covers all aspects of entrepreneurial finance from the point of view of the venture capitalist, including raising funds, forming limited partnerships, selecting and valuing potential investments, writing term sheets, choosing syndicate partners, monitoring investments and managing ‘exit’ events. In addressing these issues, it draws on recent research in competitive strategy, organization theory, financial economics and economic sociology. Though built on rigorous theory and evidence, the focus of the course is nonetheless highly practical. It will include several guest speakers from the venture capital industry.
Evaluation and Grade Distribution
| Component | Due Date | Delivery | Weight |
|---|---|---|---|
| Class Participation | Ongoing | In Class | 10% |
| Two Case Write-Ups | Before class on relevant date | Online Submission | 20% (10% each) |
| Problem Set | Mid October | Online Submission | 10% |
| Evaluation of Startup (5-person team) | Late November | Online Submission | 30% |
| Final Exam or Final Paper | Exam Week | Online Submission | 30% |
Required Resources
Case and reading packet.