FINANCING ENTREPRENEURIAL VENTURES

Code Cours
2324-IÉSEG-M1S1-ENT-MA-FI13UE
Langue d'enseignement
English
Matières
ENTREPRENEURSHIP
Ce cours apparaît dans les formation(s) suivante(s)
Responsable(s)
D.De Clercq
Intervenant(s)
D.De Clercq
Niveau
Master
Année de formation
Période

Présentation

Prérequis
The students should understand the basics of finance and accounting, including the interpration of balance sheets, income statements and cash flow statements.
Objectifs
At the end of the course, the student should be able to:

(1) understand a venture’s life cycle and its associated financial needs,
(2) understand and apply how cash is built and burnt,
(3) use financial statements and apply breakeven analysis for new and growing ventures, (4) understand how an entrepreneurial venture quantifies its vision of the future through long-term financial planning,
(5) understand and apply the basic concepts of value and valuation,
(6) understand and apply specific valuation methods used by venture capitalists, and
(7) understand the importance of venture capital for new and growing ventures.
Présentation
The primary objective of the course is to introduce theories, knowledge, and tools for the financing of new and growing ventures. This objective is achieved through assigned readings, class discussions, in-class exercises, and assigned exercises. Successful venture growth requires the ability to evaluate ongoing financial performance and prepare financial plans to anticipate funding needs and build venture value. A second objective of the course is to familiarize you with the importance of venture capital for entrepreneurs, and how venture capitalists and entrepreneurs can build effective relationships with each other. This objective will be achieved through article reading and class discussion.

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Lecture du manuel de référence 16,00
Travail personnel
Group Project 8,00
Overall student workload 40,00
Évaluation
Control type Duration Amount Weighting
Contrôle continu
Participation 0,00 0 15,00
Examen (final)
Examen écrit 0,00 0 70,00
Autres
Rapport écrit 0,00 0 15,00
TOTAL 100,00

Ressources

Bibliographie
Entrepreneurial Finance (Leach and Melicher, Thomson South-Western, 4th Edition), selected chapters -
Article 1: An Entrepreneur’s Guide to the Venture Capital Galaxy (Academy of Management Perspectives) -
Article 2: Myths about Venture Capitalists (Harvard Business Review) -
Article 3 : Firm and Group Influences on Venture Capital Firms’ Involvement in New Ventures (Journal of Management Studies) -
Case Element Bars -