Professor Daniel Paravisini

This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MiM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Accounting and Finance, MSc in Finance (full-time), MSc in Finance (full-time) (Work Placement Pathway), MSc in Finance and Economics, MSc in Finance and Economics (Work Placement Pathway), MSc in Finance and Private Equity, MSc in Finance and Private Equity (Work Placement Pathway), MSc in Management (1 Year Programme), MSc in Risk and Finance and MSc in Social Innovation and Entrepreneurship. This course is available with permission as an outside option to students on other programmes where regulations permit.

Basic Mathematics and Statistics knowledge.

N.B. - It is mandatory to attend the first week’s class in Lent Term in order to register for FM476 Entrepreneurial Finance. Students who did not attend these classes will not be permitted to then join the course.

After introducing students to methods to assess business plans as well as methods to identify and value business ventures and growth opportunities in the opening part of the course, the next part of the course concentrates on obtaining financial resources. It covers a broad set of instruments (bank finance, angel finance, crowdsourcing) used by entrepreneurial firms. The final part of the course concentrates on Venture Capital (VC) financing. It describes the general structure and terms of a VC deal, the structure of a VC fund, the characteristics of venture debt and the exit strategies of VC funds.

30 hours of lectures in the LT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.

This course will be taught in two separate groups. Each group will meet for a single block of three hours once a week. Each student will be assigned to one group. Students will not be allowed to choose their groups or to switch groups.

The course requires weekly in-class activities and discussions. Students must prepare for class activities in advance. There is a significant amount of in-term work, group work, and other activities. Attendance is required.

Students will be expected to produce 2 case studies in the LT, which will relate to the examination. The case studies, similar to the summative ones, will be graded and covered in class.

Detailed course programmes and reading lists are distributed at the start of the course. Illustrative texts include: 'Venture Capital, Private Equity, and the Financing of Entrepreneurship' J.Lerner, A. Leamon and F.Hardymon (Wiley); 'The Oxford Handbook of Entrepreneurial Finance' (OUP); 'Entrepreneurial Finance', J.C.Leach and R.Melicher (Cengage). The course pack include lecture notes and case studies for summative and formative assessments.

Continuous assessment (100%).

Summative assessment will take the form of individual reports, group reports, business plan exercises and peer evaluation.