ENTR 663 Financing Entrepreneurial Ventures (2)

Is the third in the sequence of courses needed to earn a concentration in Entrepreneurship and addresses issues related to financing new entrepreneurial ventures. It examines the various sources of funding available to start-ups, including friends and family, commercial lending institutions, angel investors, venture capitalists, and various governmental programs. The Initial Public Offering (IPO) process is also examined as a means for accessing public capital markets and growing the business. A major focus of the course is the creation of revenue models, profit models, and financials (i.e., pro forma income statements, pro forma balance sheets, and cash flow projections) that will allow students to determine the capital needs and valuation for their proposed new venture as well as secure the funds needed to launch. Prerequisite(s): Full-Time-FINC 614 Finance (4) or equivalent, and ENTR 662 The Feasibility of New Venture Ideas (2). Fully-Employed-FINC 655 Financial Management of the Firm (4) or equivalent, and ENTR 662 The Feasibility of New Venture Ideas (2). Note: FINC 663 may be substituted for ENTR 663 and vice versa. However, students should be aware that the specific focus and deliverables for these two courses are substantially different from each other.