Entrepreneurship and Innovation are fundamental to our increasingly global economy. Every single large company in the world, started with one person and one valued idea. New businesses are created every day. Not all of them succeed in raising venture capital to fund their launch or, indeed, their journey and growth. New ventures and ideas can obtain funding from a variety of sources, each with different motivations, mechanics and agendas. This unit explores the financing of new ventures through sourcing, structuring, negotiation, value creation and exit from the perspectives of both an entrepreneur and investor. This is a highly interactive, cross-disciplinary unit which will include significant spreadsheet modelling, term sheet preparation and both individual and group pitches.
4 hr lecture/workshop and/or full day participatory lectures/workshops over semester.
case study presentation (20%); case study term sheet (10%); individual capital raising report (40%); individual case report (30%)