This course provides a holistic view on entrepreneurial finance, along the whole life cycle of a corporation, from starting up to exiting. it strives to enhance participants' capabilities towards a strong command of fundamentals of finance, a sharp eye on the financial perspective of entrepreneurial challenges, oscillating financial design and a structured way of dealing with future uncertainties.

· Determine a suitable valuation and deal structure for an investment into a private company

· Determine the degree to which an entrepreneurial opportunity is attractive

· Analyse a company’s accounting and reporting information

· Work with classic and alternative financing opportunities

Attendance is 100% as it is a blocked course

Formal lecture

Applied cases

Experiental probing

20% Next level finance challenge (with a real-life company in a crucial stage of growth, in-class)

30% Case study and financial modelling (with an international real-life company, take-away exam and in-class)

40% Inverted case studies, materials and presentation, defence of models

10% Participation points (individual contributions to in-class assignments)

100%

This is a foundations course of the first semester.

A general understanding of income statement, balance sheet and cash flow statement (and how they are usually intertwined) and a glimpse of asset pricing.

Lecturer: michael.koenig@wu.ac.at

Tutor: noah.al-hachich@wu.ac.at

Michael König is a tenured Senior Lecturer at the Department of Strategy and Innovation at WU. From 1997-2009, he served in several senior management practice functions, including C-suite positions in the luxury goods industry, before switching back to Academia in 2010. This makes him one of those rather exotic persons at a university, who are experienced in both worlds, practice and theory. He earned a PhD in Economics and Social Sciences from the University of Vienna and received an MBA in General and Strategic Management from the Cass Business School, City University of London. He is alumnus of the Oxford Scenarios Programme, Saïd Business School, University of Oxford. His enthusiasm and passion for teaching is recognized by the WU Excellence in Teaching Award in 2015 and in 2016, and with nominations for it in all consecutive years. In 2018, he was nominee for the prestigious Global Teacher Prize. He is an experienced strategist and foresighter, and is fascinated to work together with seasoned executives, post-grads and first-year students alike. He loves to have an interdisciplinary view reaching out to other arenas of science as well as to arts and humanities.