Brief Course Description
1. Course Title:
Entrepreneurial Finance
2. Language of Instruction:
Tiếng Việt
3. Course Code:
M00702
4. Credits:
3
5. Course Objectives:
The "Entrepreneurial Finance" course offers a thorough overview of financial management principles and practices specifically applied to new ventures. It begins by highlighting the key differences between entrepreneurial and corporate finance, providing students with essential knowledge for practical financial analysis and decision-making in a new venture development. The course emphasises fundamental principles for evaluating the feasibility of venture opportunities, financial planning, assessing financial needs, and identifying appropriate funding sources for each stage of new ventures. Additionally, practical applications of modern skills and tools are integrated into the curriculum, allowing students to connect theoretical knowledge with contemporary techniques effectively. This foundation improves the efficiency of financial management decisions throughout all stages of a new venture.
6. Brief Description of Course Content:
This course focuses on financial planning, raising capital, and making capital structure decisions for new ventures, especially during their early development stages. The financial markets and funding sources available to startups significantly differ from those covered in traditional corporate finance. New ventures are often in their infancy, lack maturity, and may be unprofitable, characterised by short operating histories, high levels of uncertainty, and significant financial constraints. As a result, the funding options for startups typically involve negotiations where terms and valuations are established individually. Investors may also contribute additional value or take part in the governance of the projects they fund.
The course is divided into two main sections. The first section introduces the key elements of a new venture, strategic choices, and real options. The second section then concentrates on financial decisions for startups. This includes planning, assessing financial needs, and identifying and selecting appropriate funding sources. Additionally, it explores various exit strategies or "harvesting" options for entrepreneurs, such as initial public offerings (IPOs) or mergers.