How do different types of investors think about an investment opportunity? What kind of securities and contracts do they offer? How should a company decide what is a "good deal"? This course is designed to introduce you to the challenges and pitfalls of financing new enterprises. You will learn the basic tools for valuating companies, including using discounted cashflow analysis in Excel and understanding how to apply this model to your entrepreneurial venture. You will then learn how valuation works with different types of securities that investors use to finance startups, from bank loans to venture capital to angel investing.
Этот курс входит в специализацию ''Специализация Entrepreneurial Finance: Strategy and Innovation'
Startup Valuation Methods
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Valuation (Finance)Startup CompanyCash Flow AnalysisEntrepreneurshipFinance
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Курс 1 из 4 в программе
Гибкие сроки
Назначьте сроки сдачи в соответствии со своим графиком.
Промежуточный уровень
Прибл. 13 часов на выполнение
Предполагаемая нагрузка: 13 hours/week
Английский
Субтитры: Английский
Программа курса: что вы изучите
Неделя
11 ч. на завершение
The Basics of Valuation
In this module you will learn the general framework for valuing companies: prices as the discounted value of future cash flows. We will focus on how to determine cash flows and how discounting works. At the end of the lectures you will be able to understand the basics of how investors determine the value of a company.
5 видео ((всего 47 мин.)), 1 тест
5 видео
Determining Cash Flows11мин
Time Value of Money10мин
Obtaining the Discount Rate13мин
Comparables Valuation8мин
1 практическое упражнение
Introduction and the Basics of Valuation Graded Quiz10мин
1 ч. на завершение
Building your First Excel Valuation Model
In this module we will apply what you learned in the previous module. At the end of the module you will have built your first financial model of a firm, which you can change to apply to valuing a large firm or a small startup.
10 видео ((всего 60 мин.)), 1 материал для самостоятельного изучения, 1 тест
10 видео
Income Statement: Revenues6мин
Income Statement: Other Items5мин
Income Statement: Depreciation9мин
Income Statement: Complete the Calcs4мин
Income Statement: Working Capital6мин
Income Statement: Free Cash Flows7мин
Assumption of Future Growth5мин
Present Value of Cash Flows5мин
Market Value of Assets4мин
1 материал для самостоятельного изучения
Kale and Kombucha10мин
1 практическое упражнение
Building your First Excel Valuation Model Graded Quiz10мин
Неделя
21 ч. на завершение
Valuation of High-growth Startups
In this module we will consider how very high failure rates for startups affects what you learned in the previous modules. The short answer is: it doesn’t, as long as we understand what business plans and company forecasts really are.
4 видео ((всего 27 мин.)), 1 тест
4 видео
Adding Probability of Failure3мин
Interpreting Business Plans6мин
Adjusting Discount Rates12мин
1 практическое упражнение
Valuation of High-growth Startups Graded Quiz10мин
Неделя
33 ч. на завершение
Venture Capital Overview
In this module we will review the main sources of capital that founders of startups turn to when they raise capital to launch their business.
9 видео ((всего 67 мин.)), 10 тестов
9 видео
Understanding Debt7мин
Venture Capital9мин
What is a VC Investor? VC Funds7мин
How VCs Value Businesses7мин
The VC Method8мин
Term Sheets5мин
Option Pool5мин
Understanding Anti-Dilution7мин
10 практических упражнений
Introduction to Financing Options for Entrepreneurial Ventures4мин
Understanding Debt8мин
Venture Capital8мин
VC Funds6мин
How Do VCs Value Businesses8мин
The VC Method14мин
Term Sheets8мин
Option Pool8мин
Understanding Anti-Dilution6мин
Venture Capital Overview Graded Quiz24мин
Неделя
41 ч. на завершение
Angel Investor Overview
In this module we will conduct an in-depth analysis of angel investors and the securities they use when they invest in early-stage startups
5 видео ((всего 18 мин.)), 5 тестов
5 видео
Angel Investors3мин
Angel Securities3мин
Angel Term Sheets5мин
Capped Conversion Price5мин
Course Conclusion56
5 практических упражнений
Angel Investors4мин
Angel Securities4мин
Angel Term Sheets4мин
Capped Conversion Prices4мин
Angel Investor Overview Graded Quiz20мин
Преподаватели
Manuel Adelino
Associate Professor, FinanceDuke University’s Fuqua School of Business
David Robinson
Professor of Finance and James and Gail Vander Weide ProfessorDuke University's Fuqua School of Business
О Университет Дьюка
Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.
Специализация Entrepreneurial Finance: Strategy and Innovation: общие сведения
From entrepreneurs to executives, this Specialization provides an opportunity for you to learn how to advance business innovation in your company and gain insights from leading faculty in the Fuqua School of Business at Duke University.
In the first course, you will learn how to valuate entrepreneurial ventures—including high-growth startups—using Excel spreadsheet models. You will also learn how to discern between the tradeoffs of different financing strategies: loan investments, venture capital, angel investing, and crowdfunding.
The second course will teach you how to manage a startup’s financing strategy, where you will learn how to build capitalization tables (or “cap tables”) in Excel. Cap tables will help you explore different financing strategies for your startup company and determine which financing decisions are best for your entrepreneurial venture.
The third course transitions to an analysis of blockchain technologies, where you will learn how to identify opportunities to disrupt and innovate business models using blockchain as well as avoid poorly executed applications of blockchain to business.
The fourth course will teach you how to use R programming to calculate the return of a stock portfolio as well as quantify the market risk of that portfolio.
This Specialization is also an excellent opportunity for professionals interested in Fuqua’s master’s programs to get an inside look into Fuqua’s faculty expertise and courses.
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