Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Karl Rodrigues
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---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
(80cp including (MGNT603 or ACCG6003)) or (40cp at 8000 level and admission to MMgmt)
|
Corequisites |
Corequisites
|
Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit exposes students to the theory and practice associated with the financing of new ventures. It explores sources of funding, risk, venture capital financing terms and models, value creation, and exits. It will enhance students' ability to finance and launch new ventures, from the perspective of both the entrepreneur and external investors. |
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:
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
It is the responsibility of students to view their marks for each within-session-assessment on iLearn within 20 days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment tasks (not including the final exam mark) will not be addressed.
Late submissions and extensions
Tasks 10% or less – No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
Tasks above 10% - 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 special consideration is made and approved. No submission will be accepted after solutions have been posted.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Individual Assignment | 30% | No | 19/08/2020 |
Group Case Study | 30% | No | Pt A Pres 16/08; Pt A TermSheet 30/08; Pt B Report 30/08 |
Final Examination | 40% | No | During University Examination Period |
Assessment Type 1: Problem set
Indicative Time on Task 2: 20 hours
Due: 19/08/2020
Weighting: 30%
Students will be required to respond to short answer and calculation questions.
Assessment Type 1: Report
Indicative Time on Task 2: 25 hours
Due: Pt A Pres 16/08; Pt A TermSheet 30/08; Pt B Report 30/08
Weighting: 30%
Part A: Students will work as a group to present the case and develop the Term Sheet (15%). Part B: Students write an individual report, of up to 1,000 words, based on the group case presentation and Term Sheet (15%).
Assessment Type 1: Examination
Indicative Time on Task 2: 15 hours
Due: During University Examination Period
Weighting: 40%
A three hour online open book examination will be held during the University Examination Period.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
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 essential readings are below.
All other information can be found on the unit web page https://ilearn.mq.edu.au/login/
Essential Readings |
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 |
Session |
Date |
Topic |
Reading |
1 |
31 July 2020 |
Introduction and Context |
Leach & Melicher (Textbook) Chapters 1, 2 & 3 New Venture Financing |
2 |
31 July 2020 |
Planning |
Leach & Melicher (Textbook) Chapters 4, 6 & 7 Neverfail (A) |
3 |
1 Aug 2020 |
Valuation |
Leach & Melicher (Textbook) Chapters 9 & 10 Funding New Ventures: Valuation, Financing and Capital Tables |
4 |
1 Aug 2020 |
Venture Capital |
Leach & Melicher (Textbook) Chapters 11 |
5 |
2 Aug 2020 |
Term Sheets |
Deal Structure and Deal Terms |
6 |
2 Aug 2020 |
Deal Financing Detail Workshop 1 |
Spiffy Term Inc. |
7 |
15 Aug 2020 |
Deal Financing Detail Workshop 2 |
Spiffy Term Inc. |
8 |
15 Aug 2020 |
Harvesting and Exits |
Leach & Melicher (Textbook) Chapters 15 (skim 16) The Failure Chronicles |
9 |
16 Aug 2020 |
Presentations |
|
10 | 16 Aug 2020 | Future of Financing and Opportunities |
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