The primary objective of this course is to provide a thorough understanding of the process of financing entrepreneurial firms, and a practical experience in developing a business plan. The approach will be based on the economics and finance of entrepreneurial firms and will provide both an academic and a practical perspective.
The business plan game assignment will require preparation during and after classes. Each student will be graded on three dimensions: (i) a closed-book final examination that will draw on the materials seen in the course, including class discussions; (ii) solutions to case studies; (iv) teamwork on the preparation and presentation of a business plan aimed at attracting a financing proposal.
Advanced Corporate Finance is a required pre-requisite for MSc Finance students. For students from other masters a course in Finance is also required, contact the lecturers for more information.
The course will cover several topics, organized around six main themes:
Raising and sourcing funding for entrepreneurial companies
Financial forecasting and financial management of entrepreneurial firms
The sources of entrepreneurial finance: business angels, corporates, venture capital
Deal structuring: due diligence, valuation, term sheets, negotiation
- Deal management: involvement and exit
- Venture investors (Venture capital, strategic investors, early stage investors)
Classes will consist of plenary lectures, and interactive case discussions.
The course will provide a very practical and applied learning experience, as students will build a business plan hands-on in small groups. We will organize a final session in which student teams present and defend an original business proposal in front of a panel of real life investors, in a Dragon's Den setting. The presentation will take place some weeks after the end of classes, to give teams the time to prepare it
Type of instructions
Plenary lecturesPlenary lectures, Case study lectures
Type of exams
Case group assignments (20%), final exam (closed book, 40%), business plan game (40%)
- Articles to be announced on the course description in Blackboard
- Lecture notes will be distributed in Blackboard