IB9YQ-15 Entrepreneurial Finance
Introductory description
To enable students to understand the fundamental need for finance in entrepreneurial companies, the flow of capital around entrepreneurial young companies and how to execute a practical fundraising strategy for a start-up.
Module aims
To enable students to understand the fundamental need for finance in entrepreneurial companies, the flow of capital around entrepreneurial young companies and how to execute a practical fundraising strategy for a start-up.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Why do start-ups need to raise finance?
The business of venture capital.
Inside the mind of an investor.
The world of business angels and crowdfunding.
Corporate venture funds and family offices.
Building a viable financing plan for a start-up.
Running a process to raise capital.
Negotiating with investors.
What happens after the investment?
Pitching to investors
Learning outcomes
By the end of the module, students should be able to:
- Demonstrate an understanding of the role of finance in building early stage companies / start-ups
- Demonstrate an understanding of how capital flows in and around entrepreneurial firms
- Demonstrate problem solving skills that involve using logic and reasoning
Indicative reading list
Alemany L. & Andreoli J. (2018). Entrepreneurial finance : the art and science of growing ventures. Cambridge University Press.
Da Rin M. & Hellmann T. (2020). Fundamentals of entrepreneurial finance. Oxford University Press
Gibbons G. E. Hisrich R. D. & DaSilva C. M. (2015). Entrepreneurial finance : a global perspective. Sage.
Hulme S. & Drew C. (2020). Entrepreneurial finance. Macmillan International Higher Education / Red Globe Press.
Ramsinghani M. (2021). The business of venture capital : the art of raising a fund structuring investments portfolio management and exits (Third). John Wiley & Sons.
Tenca F. Butticè Vincenzo Colombo M. G. Croce A. Guerini M. & Giudici G. (2021). Entrepreneurial finance a definitive guide. World Scientific.
Research element
Students will engage with a body of knowledge, forming critical opinion of suitability and applicability, and balancing different perspectives. Students will learn to be evidence-based, seeking rigour, reliability and repeatability in any analysis they undertake.
Interdisciplinary
The finance elements of this module would be considered as interdisciplinary
International
Examples of entrepreneurs and start-ups will be provided from different countries
Subject specific skills
Build a viable financing plan and present to investors
Run a competitive fundraising process
Structure investments
Manage and negotiate with investors and deliver a successful exit
Transferable skills
Numerical analysis
Study time
| Type | Required |
|---|---|
| Lectures | 9 sessions of 1 hour (6%) |
| Other activity | 18 hours (12%) |
| Private study | 51 hours (34%) |
| Assessment | 72 hours (48%) |
| Total | 150 hours |
Private study description
Preparation for Assignment
Other activity description
9 x 2 hr F2F workshop
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Individual Assignment | 70% | 48 hours | Yes (extension) |
| 10 minute group business presentation | 30% | Yes (extension) |
Feedback on assessment
via my.wbs
Anti-requisite modules
If you take this module, you cannot also take:
- IB92E-15 Entrepreneurship and Business Venturing
There is currently no information about the courses for which this module is core or optional.