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MN50660: Venture capital finance

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 3      [equivalent to 6 CATS credits]
Further information on notional study hours Notional Study Hours: 60
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Modular (no specific semester)
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The objective of this unit is to develop theoretical and practical understanding of the process behind venture capital funding of entrepreneurial ventures. The unit will examine issues such as financial contracting and control, and working relationships between venture capitalists and entrepreneurs. It is aimed at students who want to enhance their entrepreneurial/venture capital skills, particularly in raising venture capital financing and developing their start-up businesses. The unit will also compare standard financing with social financing/social entrepreneurship, and explore the ethical issues.

Learning Outcomes:
With this unit students will be able to:
* Understand the stages involved in raising venture capital finance for an entrepreneurial start-up, including financial contracting and control
* Reflect on the challenges entrepreneurs and venture capitalists face in negotiating the financial contract and control, and in managing the venture capitalist/entrepreneur working relationships in building the business.
* Critically assess the merits of alternative contracting models and strategies for innovation that entrepreneurs and venture capitalists can adopt to enhance value-creation and start-up performance.

Intellectual skills:
* Creative thinking
* Scanning and assessing potential business ideas
* Understanding financial contracts
Practical skills:
* Develop and value a start-up idea
* Negotiate the financial contract with the venture capitalist
* Manage working relationships
Transferable skills:
* Business Development
* Negotiations/bargaining
* Managing working relationships

Entrepreneurial financing, contracting and control. Business model. Working relationships between entrepreneurs and venture capitalists: areas of cooperation and conflict. Negotiations and bargaining over finance and control/ decision rights. Comparison between standard and social venture capital/entrepreneurship, and the ethical issues involved.
Further information on programme availabilityProgramme availability:

MN50660 is Optional on the following programmes:

School of Management


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
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