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Coursebooks
Venture capital
FIN-522
Lecturer(s) :
Fahlenbrach RüdigerLanguage:
English
Remark
MA3 onlySummary
The course applies finance tools and concepts to the world of venture capital and financing of projects in high-growth industries. Students are introduced to all institutional aspects of the venture capital industry. Students analyze various aspects of VC finance using an investors' perspective.Content
1. Introduction to venture capital
2. Methods for valuation of high-growth companies
3. Venture capital investing and option pricing analysis
Keywords
Venture capital - Private equity - Finance of innovation - Valuation - Option pricing theory
Learning Prerequisites
Required courses
Introduction to finance
Recommended courses
Investments
Learning Outcomes
By the end of the course, the student must be able to:- Describe all the institutional aspects of the venture capital industry.
- Give an example of the asymmetric information problem that drives contracting in the venture capital industry
- Recall discounted cash-flow and comparables valuation techniques
- Apply finance tools and concepts to the world of venture capital and financing of projects in high-growth industries.
- Use option pricing techniques to price the preferred securities issued to venture capitalists
- Describe how leveraged buyout transactions work
Transversal skills
- Plan and carry out activities in a way which makes optimal use of available time and other resources.
- Give feedback (critique) in an appropriate fashion.
- Take feedback (critique) and respond in an appropriate manner.
- Summarize an article or a technical report.
Teaching methods
Lectures, homework, case studies, expert talks, exercises
Assessment methods
40% Homework and case studies
60% Final exam
Homework is open book and final exam is closed-book.
Supervision
Assistants | Yes |
Resources
Virtual desktop infrastructure (VDI)
No
Bibliography
Venture Capital and the Finance of Innovation by Andrew Metrick and Ayako Yasuda, John Wiley and Sons.
Ressources en bibliothèque
In the programs
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
- SemesterFall
- Exam formWritten
- Credits
4 - Subject examined
Venture capital - Lecture
3 Hour(s) per week x 14 weeks
- Semester
Reference week
Mo | Tu | We | Th | Fr | |
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8-9 | |||||
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10-11 | |||||
11-12 | |||||
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15-16 | |||||
16-17 | |||||
17-18 | |||||
18-19 | |||||
19-20 | |||||
20-21 | |||||
21-22 |
Under construction
Lecture
Exercise, TP
Project, other
legend
- Autumn semester
- Winter sessions
- Spring semester
- Summer sessions
- Lecture in French
- Lecture in English
- Lecture in German