MN50660: Venture capital finance
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 3 [equivalent to 6 CATS credits] |
| Notional Study Hours: | 60 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: |
With this unit students will be able to:
* Understand the stages involved in raising venture capital finance for an entrepreneurial start-up, including financial contracting and control * Reflect on the challenges entrepreneurs and venture capitalists face in negotiating the financial contract and control, and in managing the venture capitalist/entrepreneur working relationships in building the business. * Critically assess the merits of alternative contracting models and strategies for innovation that entrepreneurs and venture capitalists can adopt to enhance value-creation and start-up performance. |
| Aims: | The objective of this unit is to develop theoretical and practical understanding of the process behind venture capital funding of entrepreneurial ventures. The unit will examine issues such as financial contracting and control, and working relationships between venture capitalists and entrepreneurs. It is aimed at students who want to enhance their entrepreneurial/venture capital skills, particularly in raising venture capital financing and developing their start-up businesses. The unit will also compare standard financing with social financing/social entrepreneurship, and explore the ethical issues. |
| Skills: | Intellectual skills:
* Creative thinking * Scanning and assessing potential business ideas * Understanding financial contracts Practical skills: * Develop and value a start-up idea * Negotiate the financial contract with the venture capitalist * Manage working relationships Transferable skills: * Business Development * Negotiations/bargaining * Managing working relationships |
| Content: | Entrepreneurial financing, contracting and control. Business model. Working relationships between entrepreneurs and venture capitalists: areas of cooperation and conflict. Negotiations and bargaining over finance and control/ decision rights. Comparison between standard and social venture capital/entrepreneurship, and the ethical issues involved. |
| Course availability: |
MN50660 is Optional on the following courses:School of Management
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Notes:
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