Entrepreneurial Finance

This module deals with private equity and venture finance from the inception of a project idea, or investment, to the harvesting of the project, or investment (exiting). The first half of the module deals with the institutional backgrounds of new venture financing and the differences between entrepreneurial and ‘traditional’ corporate finance. The second half covers aspects of initial valuation and alternative ways of harvesting equity investment in a project. In particular, initial public offerings (IPOs) process and financial performance of venture-backed companies are considered.

Objectives and learning outcomes of the module

On successful completion of this module a student will be able to:

• Demonstrate a comprehensive knowledge and understanding of various financial and ownership aspects of private equity and venture capital investments
• Apply various valuation techniques in private equity settings
• Show a systematic understanding of how firms make initial public offerings and the cost of such offerings
• Critically evaluate short and long term performance of venture capital-backed companies.

Method of assessment

Assessment for this module is in three elements:

• One tutorial presentation at 10%
• One essay of 3,000 words at 30%
• One unseen 3-hour written examination at 60%

All elements except the presentation may be resubmitted.

Suggested reading

TBC

Disclaimer

Important notice regarding changes to programmes and modules