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.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Entrepreneurial Finance: Strategy and Innovation
Startup Valuation Methods
von
Über diesen Kurs
8,900 kürzliche Aufrufe
Kompetenzen, die Sie erwerben
Valuation (Finance)Startup CompanyCash Flow AnalysisEntrepreneurshipFinance
Lehrplan - Was Sie in diesem Kurs lernen werden
Woche
11 Stunde zum Abschließen
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 Videos (Gesamt 47 min), 1 Quiz
5 Videos
Determining Cash Flows11m
Time Value of Money10m
Obtaining the Discount Rate13m
Comparables Valuation8m
1 praktische Übung
Introduction and the Basics of Valuation Graded Quiz10m
1 Stunde zum Abschließen
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 Videos (Gesamt 60 min), 1 Lektüre, 1 Quiz
10 Videos
Income Statement: Revenues6m
Income Statement: Other Items5m
Income Statement: Depreciation9m
Income Statement: Complete the Calcs4m
Income Statement: Working Capital6m
Income Statement: Free Cash Flows7m
Assumption of Future Growth5m
Present Value of Cash Flows5m
Market Value of Assets4m
1 Lektüre
Kale and Kombucha10m
1 praktische Übung
Building your First Excel Valuation Model Graded Quiz10m
Woche
21 Stunde zum Abschließen
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 Videos (Gesamt 27 min), 1 Quiz
4 Videos
Adding Probability of Failure3m
Interpreting Business Plans6m
Adjusting Discount Rates12m
1 praktische Übung
Valuation of High-growth Startups Graded Quiz10m
Woche
33 Stunden zum Abschließen
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 Videos (Gesamt 67 min), 10 Quiz
9 Videos
Understanding Debt7m
Venture Capital9m
What is a VC Investor? VC Funds7m
How VCs Value Businesses7m
The VC Method8m
Term Sheets5m
Option Pool5m
Understanding Anti-Dilution7m
10 praktische Übungen
Introduction to Financing Options for Entrepreneurial Ventures4m
Understanding Debt8m
Venture Capital8m
VC Funds6m
How Do VCs Value Businesses8m
The VC Method14m
Term Sheets8m
Option Pool8m
Understanding Anti-Dilution6m
Venture Capital Overview Graded Quiz24m
Woche
41 Stunde zum Abschließen
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 Videos (Gesamt 18 min), 5 Quiz
5 Videos
Angel Securities3m
Angel Term Sheets5m
Capped Conversion Price5m
Course Conclusion56
5 praktische Übungen
Angel Investors4m
Angel Securities4m
Angel Term Sheets4m
Capped Conversion Prices4m
Angel Investor Overview Graded Quiz20m
Dozenten
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
Über Duke University
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.
Über den Spezialisierung Entrepreneurial Finance: Strategy and Innovation
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.
Häufig gestellte Fragen
Wann erhalte ich Zugang zu den Vorträgen und Aufgaben?
Sobald Sie sich für ein Zertifikat angemeldet haben, haben Sie Zugriff auf alle Videos, Quizspiele und Programmieraufgaben (falls zutreffend). Aufgaben, die von anderen Kursteilnehmern bewertet werden, können erst dann eingereicht und überprüft werden, wenn Ihr Unterricht begonnen hat. Wenn Sie sich den Kurs anschauen möchten, ohne ihn zu kaufen, können Sie womöglich auf bestimmte Aufgaben nicht zugreifen.
Was bekomme ich, wenn ich diese Spezialisierung abonniere?
Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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