Marek Panfil

EMBA course Entrepreneurial Finance

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General information about course

[/vc_column_text][vc_column_text]Entrepreneurial Finance is the process of making financial decisions for new ventures. New ventures are inherently different from established businesses, as are entrepreneurs different from conventional business managers. It addresses key questions which challenge all entrepreneurs:

  • How much money can and should be raised, when and from whom?
  • What is a reasonable valuation of the start-up?
  • How should funding contracts and exit decisions be structured?

Entrepreneurial Finance and Private Equity (Venture Capital) investing are intrinsically linked, that’s why we will analyze principles of corporate finance, business valuation, opportunity assessment and due diligence, deal structuring, and leveraged buyout (LBO) / management buyout (MBO). We will use technical notes and case studies on firms at different stages of their life cycle to illustrate how these tools and concepts may be applied in practice.[/vc_column_text][vc_row_inner content_placement=”middle”][vc_column_inner][us_separator size=”small”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle” columns_type=”boxes” height=”auto” width=”full”][vc_column width=”1/2″ css=”%7B%22default%22%3A%7B%22background-color%22%3A%22%23dddddd%22%2C%22background-image%22%3A%22url%28http%3A%5C%2F%5C%2Fmarekpanfil.com%5C%2Fwp-content%5C%2Fuploads%5C%2F2018%5C%2F09%5C%2Fplaning.jpeg%3Fid%3D6555%29%22%2C%22background-position%22%3A%2250%25%22%7D%7D”][us_separator height=”200px” size=”custom”][/vc_column][vc_column width=”1/2″][vc_column_text]

Course programme

1. Assessment of Opportunities in Venture Capital and Private Equity
a. Opportunity Assessment in Venture Capital
b. Opportunity Assessment in Private Equity
2. Financial Cycle. Sources of Start-up Financing. VC/PE Fundraising Process
a. Business Angels and Venture Capital
b. VC/PE Fundraising Process
3. Valuation of venture-backed companies
a. In search of key value drivers for venture-backed companies
b. Start-up Valuation
4. Due Diligence and Deal Structuring
a. Due diligence
b. Deal Structuring
5. Leverage Buyouts and Value Creation by PE funds
a. Leverage Buyouts
b. Value Creation[/vc_column_text][vc_row_inner content_placement=”middle”][vc_column_inner][us_separator size=”small”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle” columns_type=”boxes” height=”auto” width=”full” el_id=”dedicated-workshops”][vc_column width=”1/2″ css=”%7B%22default%22%3A%7B%22background-color%22%3A%22%23dddddd%22%2C%22background-image%22%3A%22url%28http%3A%5C%2F%5C%2Fmarekpanfil.com%5C%2Fwp-content%5C%2Fuploads%5C%2F2018%5C%2F09%5C%2Fstudent.jpeg%3Fid%3D6556%29%22%2C%22background-position%22%3A%2250%25%22%7D%7D”][us_separator height=”200px” size=”custom”][/vc_column][vc_column width=”1/2″][vc_column_text]

Course benefits

At the end of our course students will be able to:

  1. Understand VC/PE funds’ investment requirements what may help them raise this source of capital
  2. Conduct a due diligence and assess investment opportunity of target company
  3. Define a range of entrepreneurial (equity, debt, and hybrid) financing alternatives at different stages of a company’s financial life cycle
  4. Determine the difference between business angels and venture capitalists
  5. Assess the value of the company using discounted cash flow (DCF) or multiple approaches
  6. Apply equity valuation techniques to a start-up company
  7. Understand a term sheet

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Students Testimonials

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