Venture Capital / Entrepreneurial Finance

Prof. Benoît Leleux
Spring -- 0.5 credit
 
This course introduces the issues surrounding venture/ growth financing and makes participants cognizant of the financial specificities of these high risk situations.

Topics to be discussed are as follows:
 
  - venture capital
  - growth financing
  - private equity
  - deal structuring
  - business plan development

This class explains in detail how start-up companies are able to obtain financing from institutional sources such as angels and venture capitalists. It describes how the venture capital industry is organized internationally and its modus operandi.  The class also goes into the different ways and means by which venture capitalists fund their portfolio companies, how they evaluate the risk-return profile of a potential investment, the valuation techniques used, control mechanisms applied and exit routes that are being used, such as IPO´s or mergers.