CUHK MBA – Venture Capital and Private Equity (FINA6230XA)
The primary objective of this course is to equip students with a goodunderstanding of venture capital and private equity industry. This course gives in-depth knowledge of the structure and mechanism such as the incentive schemes and exit strategies of the industry. In addition, students will be provided withdifferent arguments about the pros and cons of involving VC financing under various conceptual frameworks and hypotheses suggested by researchers globally. The applicability of these conceptual frameworks and hypotheses in China and Hong Kong will be addressed in details.
Apart from the theories covered in the first lecture, this course highly concentrates on market practices. It emphasizes developing students with skills onproject evaluation, company valuation and investment due diligence. Techniques such as drafting a term sheet and structuring a convertible note will be discussed thoroughly. Special attention will be given to the experiences (both good and bad) in investing ventures in China. To consolidate the practical aspect of the course, guest speaker(s) in the VC/PE industry will be invited to share his/her actual experience with the class.
This course is suitable for students who have genuine interests in the industry and those who consider raising funds for their ventures from various industrial players.In addition, this course and MBAC6092XA Applied Entrepreneurship – Remodeling & Fundraising in Asia represent the ‘buy-side’ and the‘sell-side’of the game. The new MBAC6092XA will concentrate on skills & techniques for venture development and fund raising.
After completing this course, students should have a comprehensive understanding ofinvestment criteria and the processof venture capitalists and private equity fund managers.
NUS MBA – Venture Capital (BMA5128)
Venture Capital (“VC”) invests in young and privately companies with great potential. It provides growth capitals to early stage ventures and is a vital piece in the entrepreneurship ecosystem. However, the raise of technology has given VC a new dimension in MNCs and corporations. Many corporations across different industries such as Intel, Johnson & Johnson, GIGNA, Novartis, Mitsubishi, Sumitomo, British Petroleum, Jardine Matheson, Alibaba, Saudi Aramco and Singapore Press Holding have established their own corporate VC funds. Techventure investing becomes a commonly adopted approach for MNCs to ‘manage’ technology changes.
This course gives in-depth knowledge of the structure and mechanism such as the incentive schemes and investment process of the industry. In addition, various conceptual frameworks and hypotheses suggested by researchers globally will be introduced to give students a comprehensive view on the operation of VCs. Different arguments about the pros and cons of involving VC financing will also be discussed. Various aspects related to the operation of corporate VCs will also be discussed thoroughly.
Apart from the theoretical frameworks covered in the initial lectures, this course highly concentrates on market practices. It emphasizes on developing students with skills on proposal screening, project evaluation, valuation of young ventures, investment protection and due diligence planning. Techniques such as drafting a term sheet and structuring a suitable investment instrument will be discussed thoroughly.
To consolidate the practical aspect of the course, guest speaker(s) from the VC industry will be invited to share his/her actual experiences with the class. Students also need to conduct investment analyses on existing most updated technology ventures. Special attention will be given to the experience sharing in failure technology venture investments.
The course is designed mainly for students who have genuine interests in joining the industry, those who consider starting their own ventures with possibility of raising capital from venture capital, and business executives who face the challenge of rapid change in technology.
After completing the course, students are expected to understand
the structure of venture capital industry
the implications of the rapid change in technology
the roles of venture capitalists (and corporate VCs)
the venture investing skills: proposal screening, project evaluation, valuation of ventures, investment terms, negotiation, due diligence and investment instruments.