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| Assignment
| Form of conducting
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| Full time
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| Chapter 1 – Introduction and overview
Entrepreneurship fundamentals. Who is an Entrepreneur? Principles of Entrepreneurial finance. The Successful venture life cycle. Financing through the venture life cycle.
| Reading and solving the problem sets
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| Chapter 2 – From the idea to the business plan
Process for identifying business opportunities. Learn from the best practices of successful entrepreneurial ventures. Time-to-market and other timing implications. Screening venture opportunities. Key elements of business plan.
| Reading and solving the problem sets
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| Chapter 3 – Organizing and financing a new venture
Forms of business organizations. Intellectual property. Seed, startup, and first-round financing sources.
| Reading and solving the problem sets
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| Chapter 4 – Measuring financial performance
Obtaining and recording the resource necessary to start and build a new venture. Business assets, liabilities, and owners’ equity. Sales, expenses, and profits.
| Reading and solving the problem sets
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| Chapter 5 - Evaluating financial performance
Using financial ratios. Cash burn rates and liquidity ratios. Conversion period ratios. Leverage ratios. Profitability and efficiency ratios. Industry comparable ratio analysis.
| Reading and solving the problem sets
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| Chapter 6 – Financial planning: Short and long term
Financial planning throughout the venture’s life cycle. Short-term cash-planning tools. Projected monthly financial statements. Beyond survival: systematic forecasting. Percent-of-Sale projected financial statements.
| Reading and solving the problem sets
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| Chapter 7 – Types and costs of financial capital
Implicit and explicit financial capital costs. Financial markets. What is investment risk? Estimating the cost of equity capital. Weighted average cost of capital.
| Reading and solving the problem sets
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| Chapter 8 – Securities law considerations when obtaining venture financing
Review of sources of external venture financing. Process for determining where securities must be registered. Registration of securities under the securities act of 1933. SEC’s regulation D: safe-harbor exemptions.
| Reading and solving the problem sets
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| Chapter 9 – Valuing early-Stage Ventures
What is a venture worth? Required versus surplus cash. Just-in-time equity valuation: pseudo dividends.
| Reading and solving the problem sets
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| Chapter 10 – Venture capital valuation methods
Brief review of basic ahs flow-based equity valuations. Basic venture capital valuation method. Earning multipliers and discounted dividends. Adjusting VCSCs for payments to senior security holders.
| Reading and solving the problem sets
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| Chapter 11 – Professional venture capital
Professional venture investing cycle. Organizing the new fund. Conducting due diligence and actively investing. Arranging harvest or liquidation. Disturbing cash and securities proceeds.
| Reading and solving the problem sets
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| Chapter 12 – Other financial alternatives
Facilitators, consultants, and intermediaries. Commercial and venture bank lending. Credit cards. Receivables lending and factoring.
| Reading and solving the problem sets
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| Chapter 13 – Security structures and determining enterprise values
Common stock or common equity. Preferred stock or preferred equity. Convertible debt. Warrants and options. Valuing ventures with complex capital structures: the enterprise method.
| Reading and solving the problem sets
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| Chapter 14 – Harvesting the business venture investment
Venture operating and financial decisions revisited. Planning an exit strategy. Systematic liquidation. Outright sale. Going public.
| Reading and solving the problem sets
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| Chapter 15 – Financially troubled ventures: turnaround opportunities
Venture operating and financial overview. Resolving financial distress situations. Private workouts and liquidations. Federal bankruptcy law.
| Reading and solving the problem sets
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