This course is part of the Entrepreneurial Finance: Strategy and Innovation Specialization

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Manuel Adelino +1 more instructor

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Entrepreneurial Finance: Strategy and Innovation SpecializationDuke University

About this Course

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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.

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Shareable Certificate

Earn a Certificate upon completion

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Course 1 of 4 in the

Entrepreneurial Finance: Strategy and Innovation Specialization

Intermediate Level

Approx. 6 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish

Skills you will gain

Valuation (Finance)
Startup Company
Cash Flow Analysis
Entrepreneurship
Finance

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 4 in the

Entrepreneurial Finance: Strategy and Innovation Specialization

Intermediate Level

Approx. 6 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish

Instructors

Instructor rating

4.32/5 (208 Ratings)

Manuel Adelino

Associate Professor, Finance

Duke University’s Fuqua School of Business

29,109 Learners

1 Course

David Robinson

Professor of Finance and James and Gail Vander Weide Professor

Duke University's Fuqua School of Business

32,158 Learners

2 Courses

Offered by

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.

Syllabus - What you will learn from this course

Content Rating83%(1,250 ratings)

Week

Week 1

1 hour to complete

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.

1 hour to complete

5 videos (Total 47 min)

1 hour to complete

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.

1 hour to complete

10 videos (Total 60 min), 1 reading, 1 quiz

10 videos

Discounted Cash Flow Valuation4m

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 reading

Kale and Kombucha10m

1 practice exercise

Building your First Excel Valuation Model Graded Quiz10m

Week

Week 2

1 hour to complete

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.

1 hour to complete

4 videos (Total 27 min)

Week

Week 3

3 hours to complete

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.

3 hours to complete

9 videos (Total 67 min)

9 videos

Introduction to Financing Options for Entrepreneurial Ventures7m

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 practice exercises

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

Week

Week 4

1 hour to complete

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

1 hour to complete

5 videos (Total 18 min)

Reviews

4.4

175 reviews

5 stars
60.26%
4 stars
27.15%
3 stars
9.10%
2 stars
1.98%
1 star
1.49%

TOP REVIEWS FROM STARTUP VALUATION METHODS

by SPApr 22, 2020

This course has helped gain knowledge of the valuation of companies of all sizes, basic funding criteria, and sources for a startup and a view of investors for a company.

by DDApr 29, 2020

The course provides fundamental financial skills needed for a startup. It takes time to understand certain concepts but it is highly valuable what you learn here.

by AAMar 9, 2020

Course content is very convenient for beginners. Instructors presented and taught the syllabus effectively and smoothly that made the course very interesting and useful.

by JLJan 18, 2022

Information was useful, but wish the professors walked through the examples (showed the math on the slide). The math was hard to follow along in the 2nd half of the course!

View all reviews

About the Entrepreneurial Finance: Strategy and Innovation Specialization

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.

Entrepreneurial Finance: Strategy and Innovation

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

Startup Valuation Methods

About this Course

Skills you will gain