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20398-01 - Vorlesung: Financing New Ventures 3 KP

Semester Frühjahrsemester 2021
Angebotsmuster Jedes Frühjahrsem.
Dozierende Sandeep Dahiya (dahiya.sandeep@unibas.ch, BeurteilerIn)
Inhalt Every year thousands of new ventures are started and a nearly equal number of existing businesses are closed down. Almost all of these ventures are single founder/employee type of ventures where the founder has neither the desire nor the possibility of creating a significantly large business organization. A small fraction of such ventures, however, hold the promise to grow into large businesses. In this course we will focus heavily on such promising ventures or “startups”. The reason for this focus is self-evident - business that are unlikely to grow fast have little or limited need for external financing-making such ventures somewhat irrelevant for a course titled Financing New Ventures. This course is designed to illustrate challenges faced by an entrepreneur in financing and growing a new firm. Exploiting a promising opportunity frequently requires an entrepreneur to marshal scarce resources, especially external capital. The course will focus almost exclusively on issues relevant to the financing of entrepreneurial ventures. We acknowledge that marshalling talent, customers, regulators and other stakeholders is equally and at times even more important than raising financing in many entrepreneurial ventures. However, given that this is a “Finance” course, the primary focus will be on challenges faced by entrepreneurs in securing adequate capital to launch and to grow their ventures.

We shall devote significant amount of time on understanding the role of Venture Capital (and to a lesser degree on Angel Investors) in financing new start-ups. The course requires and reinforces the skills needed to analyze a business with a strong emphasis on financing deal terms and valuation techniques. The course concludes by examining the harvesting of entrepreneurial ventures whereby the entrepreneur and the financiers realize the returns for their effort. The course will use a number of case studies based on startups or young firms.
Lernziele The course seeks to provide insights on the following issues:
What are the challenges of financing a new venture? How can these be addressed?
Who provides capital to entrepreneurs? What do these investors expect?
What are the key challenges in achieving growth of an entrepreneurial venture?
How and when should a successful venture be sold to generate cash for the founder(s) and financiers?
Bemerkungen This course is part of the Summer School in Law, Business and Economic Policy.
We are planning to offer this course “in class”. Whether this is feasible depends on the evolution of the virus and travel restrictions in both Switzerland and the USA. If necessary, the course will be moved to an online format. The final decision will be taken in mid-April.

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Teilnahmebedingungen Recommended Prerequisites:
Introduction to Financial Markets (Einführung in die Finanzmärkte, 23516)
Evaluation of Investments and Companies (Investitions- und Unternehmensbewertung, 10127)
Anmeldung zur Lehrveranstaltung All applications have to be processed through the Summer School office. Please fill in the application form, which can be found on the weblink: https://wwz.unibas.ch/de/application-enrollment/
The online application is open from 5 March until 29 March 2021. Applications that are submitted by 15 March (23:59) will be handled on a priority basis.
For more information, please visit the Summer School website: https://wwz.unibas.ch/de/summerschool/
The enrollment for the course is at the same time the final registration for the exam! If there are still vacancies, we will accept late applications until 31 May 2021

Unterrichtssprache Englisch
Einsatz digitaler Medien kein spezifischer Einsatz


Intervall Block
Datum 01.03.2021 – 04.06.2021
Zeit Siehe Detailangaben

Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.

Module Wahlbereich Bachelor Wirtschaftswissenschaften: Empfehlungen (Bachelorstudium: Wirtschaftswissenschaften)
Wahlbereich Bachelor Wirtschaftswissenschaften: Empfehlungen (Bachelor Studienfach Wirtschaftswissenschaften)
Leistungsüberprüfung Semesterendprüfung
Hinweise zur Leistungsüberprüfung Class participation: 20%
Case polls (These are Google Polls due by 7:00 AM on date of class): 10%
In-class quiz: 20%
Final exam: 50%.
Date of final exam: 9 July 2021

An-/Abmeldung zur Leistungsüberprüfung An- und Abmelden: Fakultät
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät / WWZ