Students

MMBA8047 – Entrepreneurial Finance

2021 – Term 4, Special circumstances

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Karl Rodrigues
karl.rodrigues@mq.edu.au
Contact via Email
Credit points Credit points
10
Prerequisites Prerequisites
MGSM840 or MMBA8040 or AFCP801 or AFCP8001
Corequisites Corequisites
Co-badged status Co-badged status
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.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Analyse the financial aspects of new venture business strategy and planning to choose the best source of financing.
  • ULO2: Explore the role of diverse mindsets of different cultures and markets in how investors may view opportunities.
  • ULO3: Assess and integrate ethical, social and environmental considerations for responsible new venture financing.
  • ULO4: Analyse stakeholder relationships to generate new venture finance strategies that create and deliver sustainable value across complex networks.

General Assessment Information

Assessment criteria (including information about late submissions and extensions) for all assessment tasks will be provided on the unit iLearn site.

 

Assessment Tasks

Name Weighting Hurdle Due
Group Case Presentation 15% No 24 October 2021
Group Case Term Sheet & Report 15% No 7 November 2021
Individual Assignment 30% No 27 October 2021
Final Examination 40% No Exam Week

Group Case Presentation

Assessment Type 1: Presentation
Indicative Time on Task 2: 10 hours
Due: 24 October 2021
Weighting: 15%

Students will work on the case in a group and present individually in class.
On successful completion you will be able to:
  • Analyse the financial aspects of new venture business strategy and planning to choose the best source of financing.
  • Explore the role of diverse mindsets of different cultures and markets in how investors may view opportunities.
  • Assess and integrate ethical, social and environmental considerations for responsible new venture financing.
  • Analyse stakeholder relationships to generate new venture finance strategies that create and deliver sustainable value across complex networks.

Group Case Term Sheet & Report

Assessment Type 1: Report
Indicative Time on Task 2: 15 hours
Due: 7 November 2021
Weighting: 15%

Based on the presentation of the group case studies from the earlier assessment, the group has to submit an agreed Term Sheet and a Report.
On successful completion you will be able to:
  • Analyse the financial aspects of new venture business strategy and planning to choose the best source of financing.
  • Explore the role of diverse mindsets of different cultures and markets in how investors may view opportunities.
  • Assess and integrate ethical, social and environmental considerations for responsible new venture financing.
  • Analyse stakeholder relationships to generate new venture finance strategies that create and deliver sustainable value across complex networks.

Individual Assignment

Assessment Type 1: Project
Indicative Time on Task 2: 20 hours
Due: 27 October 2021
Weighting: 30%

Students will be required to submit answers for an individual short answer and calculation question set.
On successful completion you will be able to:
  • Analyse the financial aspects of new venture business strategy and planning to choose the best source of financing.
  • Explore the role of diverse mindsets of different cultures and markets in how investors may view opportunities.
  • Assess and integrate ethical, social and environmental considerations for responsible new venture financing.
  • Analyse stakeholder relationships to generate new venture finance strategies that create and deliver sustainable value across complex networks.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 15 hours
Due: Exam Week
Weighting: 40%

An open book three hour examination will be held durin the University Examination Period.
On successful completion you will be able to:
  • Analyse the financial aspects of new venture business strategy and planning to choose the best source of financing.
  • Explore the role of diverse mindsets of different cultures and markets in how investors may view opportunities.
  • Assess and integrate ethical, social and environmental considerations for responsible new venture financing.
  • Analyse stakeholder relationships to generate new venture finance strategies that create and deliver sustainable value across complex networks.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

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 Booktopia webpage at https://www.booktopia.com.au/entrepreneurial-finance-j-chris-leach/book/9781305968356.html

Unit Materials & Other Readings

Aside from the assigned textbook readings from the required text, all other reading materials are available at iLearn

MGSM iLearn

The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM

Essential Readings (Provided at iLearn)

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

To be supplied at the start of class

Individual Case Study

To be supplied at the start of class

Unit Schedule

Session

Topic

Reading

1

Introduction and Context

Leach & Melicher (Textbook) Chapters 1, 2 & 3

New Venture Financing

2

Planning

Leach & Melicher (Textbook) Chapters 4, 6 & 7

Neverfail (A)

3

Valuation

Leach & Melicher (Textbook) Chapters 9 & 10

Funding New Ventures: Valuation, Financing and Capital Tables

4

Venture Capital

Leach & Melicher (Textbook) Chapters 11

5

Term Sheets

Deal Structure and

Deal Terms

6

Deal Financing Detail

Workshop 1

Spiffy Term Inc.

7

Deal Financing Detail

Workshop 2

 

8

Harvesting and Exits

Leach & Melicher (Textbook) Chapters 15 (skim 16)

The Failure Chronicles

9

Presentations

 

10

Integration and Review

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/. 

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.

Unit information based on version 2021.03 of the Handbook