Degree in Digital Business Design and Innovation

In today's world, the digital revolution is transforming the way we communicate and the way we do business. Professionals have to be able to constantly adapt to these changes

Investment and Financial Management for Technology-Based Firms

Description
This course is primarily designed for students who plan to get involved with a new venture at some point in their career -- as a founder, early employee, advisor or investor. However, the course is also appropriate for students interested in gaining a broader view of the financing landscape for young firms, going beyond the basics of venture capital and angel financing. This course is meant to equip students to make sound financial decisions at every stage of a business life. From finding the sources of funding to making your venture grow and harvesting, this course covers all emblematic questions an entrepreneur might face in his journey.
Type Subject
Tercer - Obligatoria
Semester
Second
Course
2
Credits
6.00

Titular Professors

Previous Knowledge
Objectives

- Understand difference between entrepreneurial finance and corporate finance
- Differentiate between stages of new ventures development an the sources of financing available
- Understand the investment process and specifically the investment criteria and how investors make their investments
- Venture capital, Private Equity and Corporate Venture Capital
- Differentiate between the most innovative ways of providing public financial support to start ups
- Proforma analysis of income statement, balance sheet and cash flow statement - Financial Planning
- Valuation methodologies and term sheets
- Recognize exactly how investors negociate a Letter of Intents

Contents

- Introduction to Entrepreneurial Finance
- Early Sources of Funding
- VC, Private Equity & Corporate VC
- Public Sources of Funding
- Deal Screening & Sourcing
- Preparing the Financial Plan: Forecasting
- Valuation of New Ventures
- Term Sheet & Negotiating with Investors
- Harvesting: the Exit

Methodology

The Investment and Financial Management for Technology-Based Firms course follows a very practical methodology through a scenario that simulates a real business project. Students work in small teams and must prepare, argue, and present executive documents supervised by the teacher. A weekly class will typically consist of a theoretical explanation and a practical task. The scenario follow-up will entail a greater involvement of the students, culminating in the final team presentation of the practical case study. The evaluation will be completed with an individual exam.

Evaluation

The course grade will be based on the following point breakdown:
(A) Class participation and Continuous evaluation 20%. Individual work
(B) Practical cases 40%. Team work. . For a student to be assessed, they must name their names in the document delivered as teamwork. It is the pupil's responsibility that all team members are fully identified in the file delivered.
(C) Midterm exam: 20%
(D) Final exam: 20%. The student must have a minimum grade of 4/10 for the final grade to be calculated by applying the final grade weighting in 1st call.
FINAL NOTE IN 1ST CALL: 20% (A) + 40% (B) + 20% (C) + 20% (D)

Retake Policy: If the student suspends the ordinary call, he must take a recovery exam. This examination will be based on all course material. The weighting of the final note in the recovery exam will be done based on the following weighting - The student must have a minimum score of 4/10 in the recovery exam for the final grade to be calculated by applying the weighting in extraordinary call.
FINAL NOTE IN RETAKE: 20% (A) + 20% (B) + 60% (E)

Evaluation Criteria
Basic Bibliography

Entrepreneurial Finance. The art and science of growing ventures. Luisa Alemany and Job J. Andreoli. Cambridge University Press 2018.
Based on Power Point presentations
Recommended resources for each task in eStudy

Additional Material