Dr Juanita Gonzalez-Uribe

This course is available on the MSc in Finance (part-time). This course is not available as an outside option.

This course is not capped, any eligible student that requests a place will be given one.

This course does not permit auditing students.

Students must have completed FM422E Corporate Finance and FM423E Asset Markets.

This course cannot be combined with FM476.

Throughout the course, we will seek to answer the fundamental set of questions all entrepreneurs should ask themselves: When do we raise money? How much? From whom? Under what terms? What are the longer‐term implications of the chosen financing strategy? Although the course focuses on the entrepreneur’s perspective when considering these questions, we often consider the investor’s viewpoint as well, since understanding the motivations and incentives faced by one’s counterpart is critical to avoiding financing pitfalls and successfully negotiating the best financing outcome for one’s venture. Among the topics we will cover are: Business Plans, Cash Flows, Unit Economics, Multi-Stage Financing, Deal Structure, Seed financing, VC Method, Negotiation and Pitching.

30 hours of seminars in the AT.

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.

Each week there will typically be a formative or summative case study assignment.

Marco Da Rin and Thomas Hellman, Fundamentals of Entrepreneurial Finance, Oxford University Press, 2020

Continuous assessment (100%) in the AT.