To provide an understanding of the specifics of venture financing and management it is contrasted with other kinds of business financing. The course has the following content and organisation:
- Technology and knowledge intensive companies properties
- Business categories and stages
- Financial properties and needs
- Financial sources and instruments
- Best Practice Venture Capital methodology – Pre-empting downside risk and setting the stage for optimising upside potentials
- Tools for analysis and decision-making in the handling of downside risks and upside potentials
- Definitions of upside potential, downside risk, entrepreneurial rent
- Specialised contracting, ownership control and leadership
- Best Practice Venture Capital methodology – Strategy analysis and choice
- Tools for analysis and decision-making in the identification of first mover advantages and strategies
- Applied first mover advantage and strategy analysis on classes of ventures and venture stages
- Normative issues regarding start-up valuation, fair deal designs and policy institutions
- Pre-money valuations of start-ups
- Design of fair deals
- Policy institutions in best practice environments