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.
提供方
教学大纲 - 您将从这门课程中学到什么
周
1完成时间为 1 小时
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 个视频 （总计 47 分钟）, 1 个测验
5 个视频
Determining Cash Flows11分钟
Time Value of Money10分钟
Obtaining the Discount Rate13分钟
Comparables Valuation8分钟
1 个练习
Introduction and the Basics of Valuation Graded Quiz10分钟
完成时间为 1 小时
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 个视频 （总计 60 分钟）, 1 个阅读材料, 1 个测验
10 个视频
Income Statement: Revenues6分钟
Income Statement: Other Items5分钟
Income Statement: Depreciation9分钟
Income Statement: Complete the Calcs4分钟
Income Statement: Working Capital6分钟
Income Statement: Free Cash Flows7分钟
Assumption of Future Growth5分钟
Present Value of Cash Flows5分钟
Market Value of Assets4分钟
1 个阅读材料
Kale and Kombucha10分钟
1 个练习
Building your First Excel Valuation Model Graded Quiz10分钟
周
2完成时间为 1 小时
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 个视频 （总计 27 分钟）, 1 个测验
4 个视频
Adding Probability of Failure3分钟
Interpreting Business Plans6分钟
Adjusting Discount Rates12分钟
1 个练习
Valuation of High-growth Startups Graded Quiz10分钟
周
3完成时间为 3 小时
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 个视频 （总计 67 分钟）, 10 个测验
9 个视频
Understanding Debt7分钟
Venture Capital9分钟
What is a VC Investor? VC Funds7分钟
How VCs Value Businesses7分钟
The VC Method8分钟
Term Sheets5分钟
Option Pool5分钟
Understanding Anti-Dilution7分钟
10 个练习
Introduction to Financing Options for Entrepreneurial Ventures4分钟
Understanding Debt8分钟
Venture Capital8分钟
VC Funds6分钟
How Do VCs Value Businesses8分钟
The VC Method14分钟
Term Sheets8分钟
Option Pool8分钟
Understanding Anti-Dilution6分钟
Venture Capital Overview Graded Quiz24分钟
周
4完成时间为 1 小时
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 个视频 （总计 18 分钟）, 5 个测验
5 个视频
Angel Securities3分钟
Angel Term Sheets5分钟
Capped Conversion Price5分钟
Course Conclusion56
5 个练习
Angel Investors4分钟
Angel Securities4分钟
Angel Term Sheets4分钟
Capped Conversion Prices4分钟
Angel Investor Overview Graded Quiz20分钟
讲师
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
关于 杜克大学
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.
关于 Entrepreneurial Finance: Strategy and Innovation 专项课程
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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您注册课程后，将有权访问专项课程中的所有课程，并且会在完成课程后获得证书。您的电子课程证书将添加到您的成就页中，您可以通过该页打印您的课程证书或将其添加到您的领英档案中。如果您只想阅读和查看课程内容，可以免费旁听课程。
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