Entrepreneurship and Venture Capital (FIN 407)

2021 Spring
School of Management
Finance(FIN)
3
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
İsmail Tanıl ismail.tanil@sabanciuniv.edu,
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English
Undergraduate
FIN301 IE303
Formal lecture,Interactive lecture
Interactive,Communicative,Discussion based learning,Case Study
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CONTENT

This course will introduce the methodologies used in entrepreneurial finance and employ the case method to study VC deals. Venture capital is a great lab to study important topics in finance such as start-up financing, innovation, corporate governance, valuation, capital structure, and organizational restructuring. Throughout the course, new venture deals will be discussed from the perspective of different agents including entrepreneurs, angel investors, and VC fund managers. The course is going to start with the identification of entrepreneurial opportunities and early stage investments by angel investors. Then, we will investigate early stage investments by VC funds. The objective in that section will be to analyze a VC investment opportunity from a qualitative and quantitative perspective. We will also study exits by VCs. Later, we will discuss leveraged buyout investments in large companies. We will discuss how buyout funds choose and value their investments. In the last part of the course, we will study investments in VC funds and issues related to structuring VC funds.

OBJECTIVE

Learning objectives:

? To understand the challenges that entrepreneurs face during their search for early-stage funding.
? To understand the similarities and differences of different investment sources such as angel
investors, crowdfunding, and venture capital funds.
? To gain the knowledge of key venture capital terms and concepts.
? To be able to analyze a venture capital opportunity from a qualitative and quantitative perspective.
? To understand VC deal structure and term sheets.
? To understand the ways in which VCs can add value to the companies they invest in, and critically assess this ability in different contexts.
? To understand the motives of corporate venture capitalists such as Google Ventures.
? To understand the funding structure of VC partnerships.
? To be able to evaluate the VC fund investment opportunities from the perspective of institutional investors (aka limited partners in VC funds).

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 25
Midterm 25
Case Study 30
Participation 20

RECOMENDED or REQUIRED READINGS

Readings

Notes will be shared on the course web.

Cases HBS cases.