9: Venture Finance I (Sources)

Wednesday, October 21, 2015
Summary: How do entrepreneurs set priorities when gathering financial resources?  Today's session introduces the topic of venture finance. We will also hear the drafted positioning statements from each team as posted on their term project's website.

Quote of the Day: "Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome while trying to succeed." ~ Booker T. Washington

Study Questions
(Policy on Study Questions.)
  • What are the primary reasons for creating a business plan (or pitch)? What are the benefits from creating one?   What are the most important sections of a business plan and why? Skim the executive summary of a sample business plan in Appendix A of the Technology Ventures textbook and the LinkedIn's annotated pitch deck to a VC here
  • In your personal opinion, what is the most important risk to reduce in a startup?  Is it technology, market, team, or financial?  Why?
  • How do high tech entrepreneurs finance their ventures?  What do venture capitalists do? What is the structure of a typical venture capital firm?  How does a typical firm operate?
Required Readings (Policy on Required Readings)
Recommended Readings