Unit convenor and teaching staff |
Unit convenor and teaching staff
Karl Rodrigues
Block Class: April 20-22, May 5-6 2018
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
MGSM840
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
Entrepreneurial Finance examines the theory and practice associated with the financing of new ventures. This unit explores sources of funding, risk, venture capital financing terms and models, value creation, and exits. This study of entrepreneurial finance will enhance your ability to finance and launch new ventures, from both the viewpoints of the entrepreneur and external investors.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for disruption of studies is made and approved.
Name | Weighting | Hurdle | Due |
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Group Case Presentation | 15% | No | 06/05/2018 |
Group Case Term Sheet & Report | 15% | No | 20/05/2018 |
Individual Assignment | 30% | No | 27/05/2018 |
Final Examination | 40% | No | Exam Week: 11-16 June 2018 |
Due: 06/05/2018
Weighting: 15%
Length:
30 – 45 minutes
Format:
Presentation including Q&A
Groups of up to six students (group size might be adjusted based on class size) will prepare the case studies for presentation (30 – 45 mins). Further details will be provided in class.
Criteria and standards for grading will be provided in class.
Due: 20/05/2018
Weighting: 15%
Format:
Term Sheet and Report
An agreed Term Sheet and Report, based on the Presentation of group case studies from the earlier assessment task, must be submitted by 11:59pm on the due date. Further details will be provided in class.
Criteria and standards for grading will be provided in class.
Both Group Work assignments need to clearly identify the contribution of each team member to the group.
Due: 27/05/2018
Weighting: 30%
Format:
Short Answers and Calculations
An individual short answer and calculation question set will be handed out at the end of the final class. The answers must be submitted by 11:59pm on the due date. Subject to the provisions and evidence requirements within the University Disruption to Studies policy, failure to submit the answers on time will result in a zero mark for this assessment.
Criteria and standards for grading will be provided in class.
Due: Exam Week: 11-16 June 2018
Weighting: 40%
Format:
Open Book examination
Duration: 2.5 hours plus 10 minutes reading timeA 2.5 hour (plus reading time) open book exam will be comprised of a series of questions. The questions will be based on a Case Study provided to students during the teaching sessions.
Required Text
Leach, J.C. & Melicher, R.W., Entrepreneurial Finance, 6th Edition, Cengage Learning, ISBN: 9781305968356
For information on textbook prices and online ordering, please refer to the Co-Op Bookshop webpage at http://www.coop.com.au
Unit Materials & Other Readings
Aside from the assigned textbook readings from the prescribed text, all other reading materials are incorporated in the unit folder (as listed above under the heading ‘Classes’ and below under the heading ‘Session Topics and Readings’).
MGSM iLearn
The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM
Essential Readings (Provided in the MGSM847 Unit Folder) |
New Venture Financing Stevenson. H.H., & Roberts, M.J. (2002). New Venture Financing, Harvard Business School Publishing, Boston, pp. 1–13. |
Neverfail Computing (A) D’Heilly, D., Ebel, K., & Bygrave, W.D. (2004). Neverfail Computing, Babson College, Harvard Business School Publishing, Boston, pp. 1–22. |
Funding New Ventures: Valuation, Financing and Capitalization Tables Roberts, M.J. (2005). Funding New Ventures: Valuation, Financing and Capitalization Tables, Harvard Business School Publishing, Boston, pp. 1–5. |
Deal Structure and Deal Terms Roberts, M.J., & Stevenson. H.H. (2005). Deal Structure and Deal Terms, Harvard Business School Publishing, Boston, pp. 1–8. |
SpiffyTerm Inc. Hellmann. T. (2001). Spiffy Term, Inc.: January 2000, Stanford Graduate School of Business, Harvard Business School Publishing, Boston, pp. 1–12. |
The Failure Chronicles Various (2011). Harvard Business Review, Harvard Business Publishing |
Group Case Studies |
FEED Zacharakis, A. & Zacharakis, R. (2009). FEED Resource Recovery, Babson College |
Spin Back Gannon, R. & Kaplan, J. (2011). Spin Back’s Venture Capital Decision, Columbia Caseworks, Columbia Business School |
Grocery Gateway.com Hatch, J. & Clark, T. (2010). Grocery Gateway.com, Ivey Management Services, Richard Ivey School of Business |
eHarvest.com Hatch, J. & Cunningham, T. (2000). eHarvest.com, Ivey Management Services, Richard Ivey School of Business |
HUSK Power Systems Loutskina, E.; Sinha, M.; Ransler, C. (2010). HUSK Power Systems: Financing Expansion, Darden Business Publishing, University of Virginia |
Individual Case Study |
Nordic Johnson, R. (2006). Nordic Technologies AB, IESE Business School |
Block Class: April 20-22, May 5-6 2018
Session |
Date |
Topic |
Reading |
1 |
20th April 2018 |
Introduction and Context |
Leach & Melicher (Textbook) Chapters 1, 2 & 3
New Venture Financing |
2 |
20th April 2018 |
Planning |
Leach & Melicher (Textbook) Chapters 4, 6 & 7
Neverfail (A) |
3 |
21st April 2018 |
Valuation |
Leach & Melicher (Textbook) Chapters 9 & 10
Funding New Ventures: Valuation, Financing and Capital Tables |
4 |
21st April 2018 |
Venture Capital |
Leach & Melicher (Textbook) Chapters 11 |
5 |
22nd April 2018 |
Term Sheets |
Deal Structure and Deal Terms |
6 |
22nd April 2018 |
Deal Financing Detail Workshop 1 |
Spiffy Term Inc. |
7 |
5th May 2018 |
Deal Financing Detail Workshop 2 |
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8 |
5th May 2018 |
Harvesting and Exits |
Leach & Melicher (Textbook) Chapters 15 (skim 16)
The Failure Chronicles |
9 |
6th May 2018 |
Presentations |
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10 |
6th May 2018 |
Integration and Review |
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No changes from previous offering.
Leadership: The unit develops skills required of leaders with respect to the application and assessment of complex or ambiguous financial information in order to make well informed and robust investment decisions.
Global mindset: The unit enhanced my ability to assess the implications of strategic decisions from a whole of entity perspective, across a wide spectrum of stakeholders
Citizenship: The unit encouraged me to apply a true and fair view approach to reporting and disclosure where discretion exists related to accounting policies and financial strategies.
Creating sustainable value: The unit develops skills required to execute within the national innovation system and create or assess new entrepreneurial businesses.
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