Entrepreneurial Finance
LECTURE 3
Entrepreneurial Finance
LECTURE 3
Setting up a company and running a new business requires financial skills that are different from those often taught in management courses. Young companies do not yet make a profit and particularly need to have expertise in raising capital and reporting to external investors such as angels and venture capital. During this lecture, essential aspects such as a pro forma income sheet, cash flow statement, and working capital financing are explained, and a relationship is made with the start-up phases of new enterprises. Attention will be paid to how to pitch business ideas to angel investors and venture capital.
Who will teach you?
Hein Roelfsema
Utrecht University
Prof. dr. Hein Roelfsema, who created this course, is the Leading Researcher in the field of entrepreneurship at the National Research University Higher School of Economics (HSE University). He chairs the Dutch Centres for Entrepreneurship as well as the Global Entrepreneurship Network in the Netherlands and Europe. In Russia, he further teaches entrepreneurship at Innopolis University. He is also an Associate Professor for International Entrepreneurship at Utrecht University in the Netherlands.
Alexey Menn
Begin Capital
Alexey Menn is the managing partner at Begin Capital ($30m VC fund), investor for 22 global startups in Russia, Europe and the US. Prior to Begin Capital, Alexey worked for 12 years in Private Equity funds across Europe (including: Meinl Bank, SI-CP, Invest AG, Sberbank Capital) and participated in 35 M&A deals with total volume over $3.5bn. Graduated from HSE University in 2010.