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MBA 643 Entrepreneurial Finance
Kao, Robert


Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.

Course

MBA 643 Entrepreneurial Finance

Semester

F1P 2010 MB

Faculty

Kao, Robert

Title

Assistant Professor of Finance

Degrees/Certificates

M.S. – University of Nebraska
Ph.D. – Texas A&M University

Office Location

Norrington 2B

Office Hours

Tuesday and Thursday 9:00-12:00 a.m. or by appointment

Daytime Phone

816-584-6852

E-Mail

robert.kao@park.edu

Class Days

--T----

Class Time

5:30 - 9:50 PM

Prerequisites

MBA 615

Credit Hours

3


Textbook:

Entrepreneurial Finance, 3rd Edition, South-Western,

Author: Leach / Melicher

ISBN:13:978-0-324-56125-8


Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
MBA 643 Entrepreneurial Finance: This course will familiarize you with topics in entrepreneurial finance. It focuses on applying financial theory and principles to small firms. There is a special emphasis on the specific issues that confront small businesses through their life cycle of development, start-up, expansion, maturity and harvesting. The course will introduce the main financial issues affecting start-up companies, venture capital markets, private equity and debt financing, valuing small companies; harvesting methods. The course will be divided into two parts. Part one of Entrepreneurial Finance covers what might be called "small business survival skills", including assessing financial performance, financial planning, identifying external financing needs and business valuation. Part two of the course will address the issues and challenges associated with Financing for Entrepreneurial Enterprises. Prerequisites: MBA 615 (Formerly FI 655)

Educational Philosophy:
 

·        Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be exchanged.
·        Create an interactive environment which is based on lectures, readings, quizzes, dialogues, examinations, assignments, websites, and topic-related writings.
·       Motivate the class with available on-campus or off-campus seminars/speakers that would support and inspire student learning.   

Class Assessment:
Your grade will be determined by answers to discussion questions and responses, weekly homework assignments, and by the results of tests, final exam, and case projects/papers.  Except as otherwise stated, all submissions will be graded on relevance, comprehensiveness, specificity, clarity and analytical skills, as well as writing skills.

Grading:

Grades will be based on completion of the required assignments as well as exams. Grades will be awarded according to the following schedule:

Test (2)                                                         200 points
Final Exam                                                    200 points
Homework                                                    100 points
Project/Paper                                                200 points

Total                                                             700 points

630 or above                             A
            560-629                                  B
            490-559                                  C
            420-489                                  D
            Below 420                               F

All exams will be comprehensive and will be closed book and closed notes.  Calculators are allowed, but they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth.

Late Submission of Course Materials:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:
Students are expected to arrive in the classroom before the class starts.  Class disruptions from cell phones, pagers or any other device will not be allowed.  During exams, all cell phones must be turned off.

Course Topic/Dates/Assignments:

Week 1 (August 17) – Background and Environment

Introduction;Overview; Forming Business Plan

·          Reading Assignment: Chapters 1-2 and materials will be distributed in class

·          Case Studies: (1) Interact Systems, Inc. (2) LearnRite.com Corporation

·          Discussion/Application: E-Commerce and VOS INDICATORTM

·          Internet Activities: IA1.1; IA2.2

·          Homework: Chapter 1: DQ1, DQ6, DQ14, EP4; Chapter 2: DQ2, DQ9, DQ14, DQ18, EP3

Week 2 (August 24) – Organizing and Operating the Venture

Organizing and Financing a New Venture; Measuring and Evaluating Performance

·          Reading Assignment: Chapters 3-5 and materials will be distributed in class

·          Case Studies: (1) Cooperative Constructs (2) Jen and Larry’s Frozen Yogurt Company (3) Scandi Home Furnishings, Inc.

·          Discussion/Application: Business Angel Funding, NOPAT Breakeven, Ratio Analysis

·          Internet Activities: IA3.2; IA4.1; IA5.1

·          Homework: Chapter 3: DQ3, DQ5, DQ15, EP1; Chapter 4: DQ1, DQ14, DQ14, DQ19, EP4; Chapter 5: DQ4, DQ8, DQ13, DQ16, EP1

Week 3 (September 7) – Planning for the Future

 Short-term and long-term Financial Planning  

        ·          Reading Assignment: Chapters 6 and materials will be distributed in class

·          Case Studies: Pharma Biotech Corporation

·          Discussion/Application: Implicit Financing cists

·          Internet Activities: IA6.1

·          Homework: Chapter 6: DQ1, DQ3, DQ5, EP2

   Test 1 (Ch. 1- 5) – 2 Hours


Week 4 (September 14) –
Financial Capital and Security aw

Types and costs of Financial Capital; Overview Federal and State security laws

·          Reading Assignment: Chapter 7, 8 and materials will be distributed in class

·          Case Studies: (1) Alpha One Software Corporation (2) The VirtualStream Company

·          Discussion/Application: WACC, Selected SEC Regulations

·          Internet Activities: IA7.2; IA8.1

·          Homework: Chapter 7: DQ1, DQ3, DQ15, EP2; Chapter 8: DQ4, DQ6, DQ9, EP1

Week 5 (September 21) – Creating and Recognizing Venture Value

Valuing Early-Stage Ventures; Venture Capital Valuation Methods

·          Reading Assignment: Chapter 9, 10, and materials will be distributed in class

·          Case Studies: (1) RxDelivery Systems, Inc. (2) R.K. Maroon Company

·          Discussion/Application: Value Maximization and the First Entrepreneurial Team; Sustainable Growth

·          Internet Activities: IA9.1; IA10.1
 
·          Homework: Chapter 9: DQ1, DQ4, DQ6, EP1; Chapter 10: DQ4, DQ6, DQ9, EP4
 
·          Entrepreneurial Finance Project Proposal is due on Sep. 24


Week 6 (September 28) – Structuring Financing for the Growing Venture

Professional Venture Capital

·          Reading Assignment: Chapters 11 and materials will be distributed in class

·          Case Studies: Interact Systems, Inc.

·          Discussion/Application: Due diligence in venture investing

·          Internet Activities: IA11.1

·          Homework: Chapter 11: DQ12, DQ13, DQ15, EP1

Test 2 (Ch. 6-10) – 2 Hours


Week 7 (October 5) – Structuring Financing (continued) and Exit Strategies

Financing alternatives; security structure; Harvesting the Business Venture Investment

·          Reading Assignment: Chapters 12-14and materials will be distributed in class

·          Case Studies: (1) Jen and Larry’s Frozen Yogurt Company (revisited) (2) RxDelivery Systems, Inc. (revisited) (3) MiniDiscs Corp.

·          Discussion/Application: Due diligence in venture investing

·          Internet Activities: IA12.2; IA13.2

·          Homework: Chapter 12: DQ2, DQ3, DQ15, EP2; Chapter 13: DQ3, DQ6, DQ13, EP1; Chapter 14: DQ3, DQ8, DQ12, EP2

·          Review for the Final Exam

Week 8 (October 12) - Final Exam (comprehensive) and Project Presentations

*All subjects are subjected to change.

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2010-2011 Graduate Catalog Page 20

Plagiarism:

Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2010-2011 Graduate Catalog Page 20


Attendance Policy:

Instructors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2010-2011 Graduate Catalog Page 24

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:7/28/2010 11:56:25 AM