Universitat Internacional de Catalunya
Venture Capital - Entrepreneurial Financing
Teaching staff
Introduction
This course trains entrepreneurs to get initial funding for their projects and teaches them how to prepare financial statements for investors; choose the risk business structure; Understand the main sources of capital for companies in the initial phase; Identify the steps of the financing process; Implement the capital capture process; Manage opportunities and understand the sales process of the company.
Pre-course requirements
Basic knowledge of finances and accounting
Objectives
At the end of the course, students must be able to:
1. To know and understand the environment of investment in companies in early stages.
2. Prepare financial statements for investors.
3. Choose the commercial structure suitable for the company.
4. To know the main sources of financing for companies in early stages.
5. Identify the steps of the financing process.
6. Implement the process to raise capital.
7. To make the presentation before the investors and the closing rounds of financing.
8. Understand the nature of venture capital.
9. To manage the refloating of companies.
10. Understand the outcome of the investment's output.
Competences/Learning outcomes of the degree programme
- Possess and understand knowledge that provide a basis or opportunity to be original in the development and/or application of ideas, often in a context of research.
- Be able to integrate knowledge and confront the complexity of formulating judgments from information that, being incomplete or limited, includes reflections on social and ethical responsibilities related to the application of their knowledge and Trials.
- Possess the learning skills that allow them to continue studying in a way that will be largely self-directed or autonomous.
- Possess organizational skills and work planning, and at the same time be flexible to adapt planning to new situations.
- Generate new ideas and critically evaluate the alternatives in the presence of multiple criteria and actors
- To contrast and make decisions by following a certain methodological rigour, and take responsibility for these decisions.
- To have reflective capacity and critical thinking in interdisciplinary contexts.
- To show sensitivity for the ethical, personal, social and environmental values, in decision making and their relationship with others.
- Recognize the concepts of entrepreneurship, business models and financing structures.
- Analyze from multidisciplinary contexts business businesses in order to detect new market opportunities that may be transformed into commercial products or services.
- Detect and analyze the risk associated with financial decisions and implement strategies to minimize this risk.
- Strategically manage business innovation processes from diagnosis to application, being able to align resources, capacities and skills to implement them.
- Identify and know how to apply company valuation techniques.
Bibliography and resources
Main bibliography:
Venture Capital, Private Equity, and the Financing of Entrepreneurship. Josh Lerner, Ann Leamon, Felda Hardymon (2012).
Entrepreneurial Finance: The Art and Science of Growing Ventures. Alemany, Luisa, and Job J. Andreoli, eds, Cambridge University Press, (2018).
Supplementary bibliography:
Raising Capital: Get the Money You Need to Grow Your Business. Andrew J. Sherman (2012).
Mastering the VC Game: A Venture Capital Insider Reveals How to Get from Start-up to IPO on Your Terms. Jeffrey Bussgang (2011).
Websites of Interest
American Association of Venture capital http://nvca.org
European Venture Capital Association http://www.investeurope.eu
Innovative entrepreneurship Ideas http://www.springwise.com/