Entrepreneurial Finance

About the course

Subjects

Entrepreneurship Finance

Course content

Course Description:
Entrepreneurship often involves a number of challenges characterized by risk and uncertainty, that need considerations pertaining to finance. These financial challenges especially represent a hurdle for entrepreneurs in high-tech settings. Securing funding and establishing the financial resources to undertake an entrepreneurial venture is more often than not one of the main activities to undertake when establishing a new firm. Startup investors are also in need of assessing and understanding the financial aspects of potential investment opportunities vis-à-vis nascent entrepreneurs or newly established firms. Furthermore, there are substantial managerial challenges pertaining to finance that need to be considered in entrepreneurial settings. Not least the choices among mulitple potenital partners mog investors and entrepreneurs. This course provides insight in these aspects of the entrepreneurial process.

Course Contents:

This course offers tools and insights that help entrepreneurs or their investors
navigate through these challenges. Especially, the course will aim to provide
answers to questions like; how much money is needed for establishing the
business; what type of investor is optimal for the business; when should the
money be raised; what is the value of the newly founded firm; how should
entrepreneurs think about exiting; What are the benefits of having an investor associated; Why do some investors choose to syndicate.

See course description in course catalogue

What you will learn

Assess financially an entrepreneurial venture
Estimate the value of a nascent firm/newly established firm
Understand the difference between the funder’s perspectives and those of the company being financed
Account for how various sources of financial resources differ (venture capital, business angle capital, private equity, early stage, crowdfunding and traditional financing sources)
Estimate the optimal timing in terms of obtaining funding and when to go public
Account for the conditions under which newly established firm are financed by a venture capitalists. Both from the funder and the receivers side of the market
Account for the elementary aspects pertaining to crowdfunding
Report on the various principle-agent aspect that are central to the fonder-funder relationship and how such associations tend to play out
Discuss how funders may assist founders in more ways than by providing capital injections and discuss how funders may have an impact on startup performance

Course prerequisites

The course is offered to bachelor students in the 5th semester as an elective regardless of study line. The course builds on the principles of finance, accounting and strategy. Students with insights in quantitative analysis may gain more from this course. BUt it is not a prerequisite to have had statistics/econometrics before.

Facts

Level

Bachelor

Type

Elective

ECTS

7.5

Code

BHAAV2262U

Teaching periods

Autumn – 2nd quarter

Academic year

2024/2025

Status

Available places

Teaching language

English

Teaching Format

On campus

Exams

Written exam on campus
Individual exam, winter

Assessment type

7 point grading scale