gs503 vcf course intro 120115
TRANSCRIPT
GS503 VENTURE
CAPITAL FINANCING :
COURSE OVERVIEW
Prof.Stephen OngBSc(Hons)Econs (LSE), MBA (Bradford)
Visiting Professor, Shenzhen University
Academic Fellow, Entrepreneurship & Innovation,
The Lord Ashcroft International Business School,
Anglia Ruskin University Cambridge UK
MSC TECHNOPRENEURSHIP
• Introduction to Course1
• Course Assessment2
• Coursework Requirements3
Today’s Overview
Course Leadership
COURSE LEADER
Stephen ONG
Visiting Professor,
Shenzhen University,
P.R.China
B.Sc. (Hons)
Economics, London
School of Economics,
University of London
MBA (International
Business), University of
Bradford, UK
EXPERIENCE
Visiting Fellow
Lancaster University
Management School, UK
Birmingham City University
Edinburgh Napier University
Senior Management
Barclays Bank plc, UK
AIB Capital Markets, UK, MY
Private equity VC
NSTB, Singapore
Sojitz, Japan
Neptunus, China
Learning ObjectivesThe course aims are :
to provide an overview of venture capital financingconcepts, characteristics and environments;
to gain knowledge on the venture capital industry,financial and investment market;
to understand valuation analysis of venture capitalinvestment including cost of capital, discountedcash flow and risk and returns;
to analyze various frameworks for decisionmaking about investing in cutting edge projectsand prototypes;
to know the strategic financial tools for investingin research and development intensive companiesof high value;
to discuss how to integrate financial tools from theperspective of venture capitalist intertwined withbuyers’ utilities.
Learning Outcomes (I)Upon completion of the course, the students should be ableto:
1. Understand the function of venture capital financingincluding key principles and practices;
2. Explain various components and functions ofventure capital financing principles and practices;
3. Able to undertake individual assignment and/or teamresearch and/or consultancy based projects.
4. Understand the ethics and corporate governance inventure capital financing.
5. Cultivate group communication and leadership byencouraging group discussions and assignments;
6. Conduct a presentation professionally.
Learning Outcomes (II)Upon completion of the course, the students should be ableto:
7. Apply a significant range of professional andcontemporary tools, techniques and structures in venturecapital financing;
8. Analyze, plan and undertake effective strategic decisionmaking;
9. Apply various financial analytical tools for strategic andcritical decision making.
10. Formulate venture capital financing strategy and identifyvarious tools for analyzing strategic decision making;
11. Continuously improve knowledge and skills in acquiringknowledge in venture capital financing.
12. Initiate, manage and drive change through financing viaventure capital.
Course Content
Session 1 : Venture Capital
Basics
Session 2 : Risk and Returns
Sessions 3-5: Valuation
Sessions 6-9: Partial Valuation
Sessions 10-14 : The Finance of
Innovation
Course Timetable
(Attendance is Compulsory)
Lecture (Stephen Ong)
Monday 6:30 pm – 9:45 pm*
(C415)* Class times will be subject to changes. Notice will be
given 7 days in advance on LMS.
Assessment
Coursework (70%)
Participation at Case
Study Group
discussions (10%)
Individual written
assignment (20%) on
case studies.
Individual presentation
and submission of
written project paper
(40%).
Examination (30%)
Final Examination
(30%) Closed book
examination based
on the learning
outcomes for
Sessions 1 to 14.
Project Paper
CONTENT
Select a technology start-up venture and prepare a case study with the following Sections : Abstract
Summary
Introduction
Background of Company
External Environmental Analysis – PESTEL
Industry Analysis – Porter’s 5 Forces
Valuation Approach
Discussion of Valuation Issues
Proposed Term Sheet
Conclusion
ASSESSMENT
Case Analysis of 15-20
pages, approximately
3,000 words
Individual presentations
Report Section,
approximately 15
minutes.
Report Submission
Deadline : Week 14
Presentations: Week
13-14
Resources : E-Learning
LMS for Course Information, Plan, Schedule,
Assessment, Assignment Deadlines
https://
Lecture Slides
http://www.slideshare.net/stephenongch/
Online learning at Facebook : Gemini RI
http://www.facebook.com/?ref=tn_tnmn
Resources : Core Reading
Metrick, Andrew and Yasuda, Ayako (2011) Venture
Capital & the Finance of Innovation. 2nd Edition. John
Wiley & Sons.
Lerner,Losh, Hardymon, Felda and Leamon, Ann (2012).
Venture Capital and Private Equity : A Casebook. 5th
Edition. John Wiley & Sons.
Finkel, Robert A. (2010). The Masters of Private Equity
and Venture Capital. McGraw-Hill.
Demaria, Cyril (2010). Introduction to Private Equity.
John Wiley & Sons.
Berkery, Dermot (2008). Raising Venture Capital for the
Serious Entrepreneur. McGraw-Hill
Consultation Hours
(By appointment only)
Stephen Ong (FoBIS)
Monday 6:00 pm – 6:30 pm
Email : [email protected]
QUESTIONS?