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Issues associated with financing entrepreneurial ventures, and the valuation and investment issues associated with new ventures. Major topics include investment analysis, financing the new venture, harvesting, and renewal in the entrepreneurial firm. The subject covers entrepreneurial finance, venture capital and general principles of investing in high (biotechnology, nanotechnology, information technology, e-business) and low technology.
Intended learning outcomes
On completion of the subject, students should be able to:
- Construct new venture financial models
- Assess the timing and amounts of financial needs
- Estimate risks and expected returns of financial claims
- Value financial claims in light of diversification
- Evaluate alternative venture strategies
- Estimate the effects of complex options on value
- Design and negotiate 'deals'
- Address information and incentive problems
- Understand the institutions of new venture finance
- Develop a business plan to attract outside funding
- Deal with uncertainty and incomplete information sets
- Gain case study skills
High level of development: oral communication; written communication; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking; evaluation of data and other information; accessing data and other information from a range of sources.
Moderate level of development: collaborative learning; statistical reasoning; synthesis of data and other information; receptiveness to alternative ideas.
Some level of development: use of computer software.
Last updated: 2 December 2023