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Module Title LM Entrepreneurial Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 25261
Module Lead Phillip John Cadle
Level Masters Level
Credits 10
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions As an optional module: MBA GBF, IB, SPM
Contact Hours Lecture-0 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-0 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description The module deals with private equity and venture finance from inception of the idea, milestone planning, to the harvesting (exiting) of the investment. The first half of the module deals with new venture financing, the roles of the venture capitalist and the differences between entrepreneurial and ‘traditional’ corporate finance. The second half covers methods of the valuation of new ventures and alternative ways to harvest equity investments. In particular, we deal with the initial public offerings (IPO) process and financial performance of venture-backed- companies.
Learning Outcomes By the end of the module students should be able to:
  • Critically appraise venture capital funding and how it differs from other kinds of finance.
  • Identify and critically evaluate the structure of and trends in venture capital and private equity investment around the world.
  • Identify the agency relationships involved in venture capital funding and evaluate how contracts help to resolve the agency problems.
  • Analyse the reasons why venture capital investment is staged and often syndicated.
  • Identify and critically evaluate the factors determining the exit strategy of a venture capitalised firm
  • Apply various valuation techniques in venture capital and private equity settings.
  • Evaluate short and long term performance of venture capital-backed companies.
Assessment 25261-01 : Group Assignment : Coursework (40%)
25261-03 : Individual Assignment : Coursework (60%)
Assessment Methods & Exceptions Assessment: 4000 word group assignment (40%); 2500 word individual assignment (60%)

Reassessment: 2,500 word individual assignment (100%)
Other
Reading List