Entrepreneurial finance and private equity

Learning goals

All objectives listed here will be demonstrated in writing unless otherwise stated. Upon completion of this course, you will be able to:

  • understand the key features, structures and challenges of entrepreneurial firms with a focus on finance
  • allow for a better understanding of financial tools and instruments which allow entrepreneurial firms to survive and grow
  • understand the main structure of venture capital and private equity funds
  • better understand the private equity cycle (consisting of selecting, financing, nurturing firms and finally exiting)
  • understand the difference between corporate and entrepreneurial finance
  • distinguish private equity investors form other investors such as banks

Literature:

Case Studies

Course contents

The main aim of the course is to provide a thorough understanding of the main challenges of entrepreneurial finance and how they are approached by private equity firms.

What are the main fundamental challenges of young firms especially from a financial point of view?

Private equity (especially venture capital) firms are in the US,  but also in Europe and more and more in Asia one of the main vehicles to overcome these challenges and to make young firms grow and prosper. The course will look into the main mechanisms of the private equity approach. The underlying philosophy of the module is to carve out the special features and mechanisms of entrepreneurial finance and private equity by comparing them to other investors and to the conventional corporate finance approach.

Information

Lectures:
Prof. Dr. Uwe Walz