How to invest in new ventures and raise funds for startups
This program is eligible for 12 CE credit hours as granted by CFA Society VBA Netherlands
Investment in startups plays a key role in the current economy. New companies create most of the new employment, generate innovations and disrupt existing markets. From the investors’ point of view, there is an opportunity to get high returns by investing early in some of the most successful companies of the decade. Angel investment in new startups has been growing significantly, even during the crisis, with over €6 billion invested across Europe in 2015, and with a growth rate of 8.3% annually since 2012 (EBAN). Venture capital investments accounted for €5.8 billion in 2015. This is a very active market and understanding its dynamics, and how to get involved - from an investor or an entrepreneur perspective - is key for being successful.
The Entrepreneurial Finance program covers the whole cycle of investing in new ventures. It is targeted at individuals, with some financial knowledge, interested in learning about investing in startups. Potential participants are entrepreneurs, with good financial acumen, business angels, family offices, consultants, regional development organizations and advisors. Other professionals who interact with startups in the process of raising funds, or who advise venture capital funds and need to understand how they work, will also benefit from attending this program.
How you will benefit
- Analyze and understand the process of startup financing
- Learn how to get deal flow and analyze a business plan
- Learn about valuation of new ventures
- Examine the effect of dilution and different rounds of financing
- Explore the legal side of investing in startups and get to know the term sheet and its key clauses
- Participate in negotiating a deal
- Gain practical experience with several case studies
- Review the different options for harvesting an investment in a new venture
- Introduction to Venture Capital and Business Angels
- Deal flow and screening of opportunities
- How investors analyze a business plan
- Valuation of Startups (1)
- Practical case study
- Valuation of Startups (2)
- Practical case study
- The Term Sheet: Negotiating with investors
- Practical case study
- Harvesting: The exit
- Closing: Panel of early stage investors
Who should attend
The Entrepreneurial Finance program is targeted at individuals, with some financial knowledge, interested in learning about the whole cycle of investing in startups. Potential participants include entrepreneurs, with good financial acumen, business angels, family offices, consultants, regional development organizations and advisors. Other professionals who interact with startups in the process of raising funds, or who advise venture capital funds and need to understand how they work, will also benefit from attending the program.
Luisa Alemany is Associate Professor of Finance at ESADE Business School and director of the ESADE Entrepreneurship Institute. She holds an MBA from Stanford University and a PhD in Finance from U. Complutense, Madrid. Her research interests are in the field of venture capital, business angels, philanthropic venture capital and children’s entrepreneurial education, with several academic publications and books. She is the co-director of the ESADE Business Angels’ Academy, has been in the board of the European Business Angels Network (EBAN), and seats as independent advisor in investment committees of early stage investors (both profit and non-profit). ESADE BAN (Business Angels Network) received the “Best Performing European BAN” award in 2016. Before joining ESADE, Luisa worked for Procter & Gamble, McKinsey & Co, Goldman Sachs, the internet venture capital fund Europ@Web, and for the US private equity investment firm The Carlyle Group.
Dates & fees
13 - 14 December 2018
Program fee includes all study materials, books and software that are required for the program as well as daily luncheons.>
Program fee is exempt from VAT for clients located in the Netherlands. For other EU and Non-EU clients, VAT may be due by client and will not be charged by AIF. Fees may be subject to change.
86% of the attendees in the June 2018 session would recommend the Entrepreneurial Finance program to their colleagues.
"Complete and practical program."
"Gives a new perspective to corporate M&A professionals."
Head of International Corporate Finance/M&A
BLG Logistics Group
"Comprehensive and accessible."