Section V - Venture Capital Industry

1. Overview
    a. Capital Markets
    b. Role in Economy
    c. Sector Focus
    d. Portfolio Theory
         i. J Curve
    e. Early Stage vs. Late Stage
    f. Successful Firms / Deal Flow
   g. Portfolio Management
   h. Market Conditions
        i. Public Markets
       ii. Customer’s Willingness to Buy / Good vs. Bad Economy
       iii. New Emerging Markets
       iv. Compression of Maturation Cycle
    i. Job Requirements
        i. Financial Knowledge
       ii. Operating Experience
      iii. Financial Knowledge
       iv. Operating Experience
        v.T echnical Knowledge
       vi. Broad Network
      vii. Salesmanship
     viii. Credibility / Integrity
      ix. Tolerance for Risk
       x. Pattern Recognition
      xi. Curious
2. Start-Up Due Diligence
     a. Fundamentals of Analysis
         i. Sources of Capital
        ii. Six Simple Questions
       iii. Fundamental Requirements of a Business Plan
     b. Dynamic Fit Analysis
         i. Value Proposition
        ii. Team
       iii. Unit Economics
        iv. Technology / Intellectual Property
         v. Sales / Marketing
        vi. Partners 
       vii. Competition
      viii. Market Opportunity
3. Mechanics of Building Value
    a. Capital Requirements of a Business / Debt Facilities
    b. Board Representation
    c. Management Team
    d. Strategic Direction
    e. Partnerships / Advisors

Guest Speaker(s):

In-Class Presentation(s):
Venture Capital Industry - Spring 2014
Start-Ups - Spring 2014
Mechanics of Building Value - Spring 2014

Reading Assignment:
Complexity by Mitchell Waldrop, Chapters 6 - 7