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Finance for Entrepreneurship and Business Innovation (E&BI) - FULL course summary - Entrepreneurship & business innovation - Tilburg University €6,99   In winkelwagen

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Finance for Entrepreneurship and Business Innovation (E&BI) - FULL course summary - Entrepreneurship & business innovation - Tilburg University

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This summary covers all the content that is covered in the course: Finance for Entrepreneurship and Business Innovation (E&BI). This course is part of the Bachelor: Entrepreneurship and Business Innovation, at Tilburg University. Year 1, semester 1 COMPLETE SUMMARY

Voorbeeld 3 van de 23  pagina's

  • Nee
  • Chapters 1 to 11
  • 22 januari 2022
  • 23
  • 2020/2021
  • Samenvatting
  • finance
  • finance for ebi
  • ebi
  • eship
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Enkele voorbeelden uit deze set oefenvragen

1.

Define Entrepreneurial finance

Antwoord: mix of entrepreneurship (intuition, experimentation) and corporate finance (numbers, logic)

2.

Why is financing for an Entrepreneur difficult? Name 4 points.

Antwoord: - Getting funded is considered difficult - Considering investors with different characteristics (+difficult to contact) - Money is a key resource - Investors impact the company

3.

Why is financing for an investor difficult? Name 4 points.

Antwoord: - A lot of proposals - Long and costly process - Returns (or strategic objectives) - Pass on knowledge and expertise

4.

What are the 4 points of the FIRE framework?

Antwoord: Fit: matching entrepreneur with investors Invest: closing a deal Ride: the path forward with all surprises Exit: investors sell shares to obtain return on their investment

5.

Explain the FUEL framework

Antwoord: Fundamental structure: who is the investor Underlying motivation: what does he want Expertise and networks: what does he contribute Logic and style: how does he operate

6.

What are the 3 main types of investors?

Antwoord: - VC (venture capitalist) = raising funding from institutional investors - Founders = savings, credit - External = 3 f’s (friends, family, fools), Angel investors, corporations, intrapreneurs, crowdfunding, peer-to-peer.  

7.

Name 3 types of business risk

Antwoord: 1. Market risk (customer need not strong enough, not large enough, company fails to reach) 2. Technology risk (fails on technical grounds, protected, fails to deliver) 3. People risk (weakness of team leaders, networks, ability to grow the organization)

8.

What is due diligence?

Antwoord: research before making an investment decision

9.

Name the 3 financial projections

Antwoord: 1. Income Statement (IS): business model and profitability Costs, revenues, profitability measures (flows) 2. Balance Sheet (BS): size, asset base structure, financing Assets and financing (types); net income links to IS (stocks) 3. Cash Flow Statement (CF): cash changes from IS and BS Financing needs, their amount and timing

10.

Primary data research = filtered and prepared. True of false?

Antwoord: False

Finance summary
Chapter 1 – Introduction to Entrepreneurial Finance
- What is entrepreneurial finance
- Why does it matter
- What core challenges across investment process are
- Who are the investors and how they differ from one another

Entrepreneurial finance = mix of entrepreneurship (intuition, experimentation) and corporate
finance (numbers, logic). About the exchange between entrepreneur and investor.
3 fundamental principles
1. Resource gathering (financing to acquire resources to combine)
2. Uncertainty (outcomes not yet knowable)
3. Experimentation (flexibility, exploration, pivotable)

Why is it challenging and important?
Entrepreneur perspective
- Getting funded is considered difficult
- Considering investors with different characteristics (+difficult to contact)
- Money is a key resource
- Investors impact the company
Investor perspective
- A lot of proposals
- Long and costly process
- Returns (or strategic objectives)
- Pass on knowledge and expertise

Also important for job creation.

FIRE framework
Fit: matching entrepreneur with investors
Invest: closing a deal
Ride: the path forward with all surprises
Exit: investors sell shares to obtain return on their investment




Rounds correspond to a set of securities, called series (A,B,C…)

,FUEL framework
Fundamental structure: who is the investor
Underlying motivation: what does he want
Expertise and networks: what does he contribute
Logic and style: how does he operate




Main types of investors
- VC (venture capitalist) = raising funding from institutional investors
- Founders = savings, credit
- External = 3 f’s (friends, family, fools), Angel investors, corporations, intrapreneurs,
crowdfunding, peer-to-peer.

, Chapter 2 – Evaluating venture opportunities
- Framework for evaluating venture opportunities
- Breaking down value proposition
- Assess the attractiveness, risks and competitive advantage of a new venture
- Perform due diligence on a new venture’s business plan

Can use the VEM matrix




Need
- What exactly is the customer need?
- How strong is the need? How well do customers understand it?
- How much are customers able and willing to pay?

Solution
- Does the proposed solution solve the customer’s need?
- How does the proposed solution compare to the alternatives?
- To what extent can the innovation be protected?

Team
- Do the founders have the required skills and experience?
- What are their motivation and commitment?
- Is the founders’ team complementary and cohesive?

Market
- How large is the target market?
- How fast will the target market grow?
- How will adoption take place?

Competition
- Who are current and future competitors?
- What is the nature of competition?
- How can the venture differentiate itself?

Network
- What is the founding team’s reputation?
- What networks does the team have access to?
- How does the team forge and maintain new relationships?

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