University of Technology, Sydney

Staff directory | Webmail | Maps | Newsroom | What's on

25733 Finance for Entrepreneurs

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2018 is available in the Archives.

UTS: Business: Finance
Credit points: 6 cp

Subject level:

Postgraduate

Result type: Grade and marks

Requisite(s): 25742 Financial Management
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.

Description

This subject provides students with knowledge about entrepreneurial finance from the perspectives of founders, early employees and outside investors. Students study financing aspects at all stages, from the inception of a start-up to an entrepreneur's exit.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. develop and evaluate finance structure arrangements at all stages of entrepreneurial ventures
2. critically evaluate financial component metrics and milestones of a startup
3. identify and evaluate exit strategies

Contribution to the development of graduate attributes

This subject furnishes students with the financial skills involved in setting up and running an entrepreneurial venture as well as advising founders, and working in or investing in an early stage company. Students identify and assess financing sources, methods of financial management and exit strategies from the perspective of a founder. Students also examine methods of evaluating all stages (from a startup to an exit) from the perspective of an advisor or an outside investor. The subject contributes to the overall objectives by developing skills that can lead to successful critical analysis of the financing component in entrepreneurial ventures.

Teaching and learning strategies

The teaching methods include formal lectures integrated with discussion of stories and short cases. Assignments provide students with projects to address and develop key understanding of objectives and a final exam tests all knowledge attained in the subject.

Content (topics)

  • Different entrepreneurial business structures
  • Rates of return and risk for outside investors
  • Financing sources-venture capitalist; business angels; grants; entrepreneurs own finance (bootstrapping); private equity; accelerators/incubators
  • Valuation of startup at each stage: pre-seed, seed, startup, expansion and IPO
  • Analysing performance- metrics and key ratios
  • Entrepreneurial financial failure
  • Alternate exit strategies for the entrepreneur

Assessment

Assessment task 1: Assignment 1 (Individual)

Objective(s):

This addresses subject learning objective(s):

1

Weight: 30%

Assessment task 2: Assignment 2 (Individual)

Objective(s):

This addresses subject learning objective(s):

2

Weight: 30%

Assessment task 3: Final exam (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2 and 3

Weight: 40%

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Recommended texts

Leach, J. Chris and Melicher, Ronald W., Entrepreneurial Finance, South-Western (Cengage Learning), 5th edition. 2015 ISBN-13: 978-1-285-42575-7