Entrepreneurial Finance FNCE30006
Assignment 2 Option 3 Case 10
Was it time for an exit?
RightNow Technologies believed it had reached the exit stage of new venture
development when it attempted an IPO at the start of 2000. It had ex
Mezzanine and Buyout Transactions: Week 11
In Australia and around the world, there has always been a larger volume of Private Equity
transactions when compared to Venture Capital transactions.
Balanced VC and Later Stage VC funds
Quantitative Valuation Techniques: Week 8
Difficulties in Firm Valuation
There is little or no operating history. There is a lack of comparable firms, particularly where the
idea/business strategy is unique. There is a
VC Exit Methods: Week 9
Exiting investments is the VCs main form of liquidity. Generally 3-5 year period between the raising
of funds. At the same time, realised returns from older funds are distributed. VCs always look for an
early exit once the firm bec
International VC aspects: Week 12
Asia now has higher dominance than Europe, with US still at the top.
Recent global downturns of the last two decades have meant it now takes longer to fully
develop a VC investment due to cyclicality.
IPOs: Week 10
IPO pricing is an enormously contentious issue for VCs and entreps. If the price is too low, the entrep
and VC will be unhappy due to money being left on the table. The underwriter will also be at stake if
there is a signifi
Qualitative Analysis and Peer Firm Selection: Week 6
Information used in the investment decision process is scarce and often incomplete.
Steps in internal decision making:
1. Referral: The deal arrive at the firm and gets assigned to a GP cross-checked wi
Introduction: Week 1
Entre Fi is resource allocation as applied to new ventures (an alternative asset class).
Venture capital provides finance for start-up firms that require substantial capital to expand and
cannot usually access it from conventional sou
Investment Selection Process: Week 4
Risks in PE Investments
1. Systematic risk (e.g. market size, direction of the economy, contract enforceability)
2. Firm-specific risk (VCs cant and dont diversify away from these risks, as they are the sum of
Methods and Instruments: Week 5
5. Board Control
VCs are active investors, and they like to do this monitoring by electing one or more GPs to the
Board. Allows influence of firm decision making and also allows the provision of advice/expertise.
If your employees arent as creative as youd like,
you can help by setting the stage for creativity.
by Cindy Tripp
When most adults are asked this question,
their knee jerk reaction is to quickly an
Fenchel Lampshade Company
Entrepreneurial Finance FNCE30006
Assignment 1 Option 3 Case 7
Steve and Michelle Rogers have some important decisions to make about their future.
Their potential involvement with the Fenchel Lampshade Company can be broken down
JOHN MINIATI AND MOHANBIR SAWHNEY
Opportunity Analysis for a New Educational Technology Product
In May 2013, Jack Russo, a Chicago-based entrepreneur, decided it was time to take the
plunge with TabletTeach. Russo had been working as a
Show Dont Tell
Communicate your vision in an impactful and
meaningful way by creating experiences, using
illustrative visuals, and telling good stories.
Focus on Human Values
Empathy for the people you are
designing for and feedback from these
users is fu
ZOOM LENS ON
~most important parr_ of any business plan is the executive summary.
ough you should wme the final version that is included in the business plan after all the other sections have been completed d ft.
an I THE INNOVATOR'S summon
24. An illustration of how important it is to get the categories right can be seen in
the fascinating juxtaposition of two recent, solidly researched books by very
smart students of management and competition that make compeili
Fund Raising and Fund Structure: Week 2
Stages in entrep firms raising equity funds:
1. Bootstrapping. Uses various sources of internal equity, including savings , credit cards,
family members etc.
2. Angel investors/Seed capitalists. Professional investo