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An Introduction to Venture Capital Deals

Start Date:
31. October 2018
Finish date:
31. October 2018
Code:
PE220 - 10LON
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Price:
955.20 GBP (VAT incl.)
Location:
London
Download:
An Introduction to Venture Capital Deals - London - October 2018.pdf
Tutor:
Dr. Keith Arundale

Description

 An Introduction to Venture Capital Deals

 1-Day Executive Education Training Programme

 


Book by Friday 5th October to receive the Earlybird prices

Programme Overview

An Introduction to Venture Capital Deals is a one day interactive executive education course tailored specifically to the venture capital industry. The course covers the entire investment process from originating deals, evaluating business propositions and valuing and structuring deals, through due diligence and deal execution, the negotiation of term sheets, monitoring and adding value to exiting deals via a trade sale or IPO.

The course is highly practical, involving interactive case studies, group exercises and discussions. The course also builds on the course leader’s recent research into VC fund performance and VC investment practices in UK, Europe and USA from which a “best practice” model for VC firms and funds is postulated.

Course Director 

Dr. Keith Arundale is a university lecturer, executive trainer and author in private equity and venture capital. He is a Visiting Fellow at the ICMA Centre, Henley Business School, University of Reading where he teaches BSc and MSc courses in private equity & venture capital. He is a director of Henley Business Angels. Keith has recently carried out research on the performance of VC funds in Europe and USA at the Adam Smith Business School, University of Glasgow where he gained his PhD. To read Keith's full profile, please click here

This course is aimed at:              

This course is aimed at investment executives who are relatively new to venture capital, those who are working ancillary to the investment role, entrepreneurs and management teams who are seeking to raise venture capital finance and accountants, lawyers and other professionals who wish to gain a fundamental understanding of the venture capital investment process.

Key Learning Outcomes:

Attendees of this one-day course will gain an understanding of:

  • Current trends and issues in the venture capital industry
  • How to appraise a business proposition
  • How to arrive at the valuation and required equity stake for a venture capital investment
  • How to negotiate a venture capital deal, including the principal clauses included in a term sheet
  • How venture capital firms go about monitoring deals and conducting portfolio reviews
  • How VCs seek to add value to an investment and how they seek exits via trade sales and stock market flotations. Best practice in these areas will be discussed.

Attendees will have the opportunity to review investment propositions, negotiate a VC term sheet and review investment portfolios through practical case studies, group exercises and group discussion.

 

Course Outline

 

Global trends in the venture capital industry

The structure of venture capital funds
-The GP – LP fund structure
-Different strategies for VC funds: stage, sector and geographic focus
-Theme approach to VC investment 
-Fund strategy exercise

Investment risk and return
-Case study on eBay

Business proposition:
-Key components of business plan for VC investment
-Business model
-Initial appraisal of business plan
-Porters 5 Forces analysis and traps to avoid with business proposals
-Exercise on investment appraisal using Porters 5 Forces
-Non-disclosure agreements

The venture capital investment process:
-Sourcing deals
-Structuring VC deals
-Valuation methods
-Types of financing structure: ordinary shares, preference shares, A ordinary shares
-Worked example on structuring a deal
-Terms included in a typical VC term sheet
-Negotiating a term sheet
-Group exercise on term sheet negotiation 
-Carrying our internal and external due diligence 
-Investment decision process in VC firms 
-Group exercise on the rejection or pursual of a VC deal
-Syndicating deals with local and overseas VCs

The post-investment process:
-Monitoring the performance of investments
-Portfolio reviews
-Group exercise on VC fund investments track record 
-Methods of adding value to an investment
-Case study on adding value 

Current topics and issues in venture capital: 
-Sector focus, including current “hot” areas for investment
-Technology clusters, including Silicon Valley and UK tech hot spots
-University spinouts
-Differences in approach between UK/European and US VC firms
-Wider environmental and ecosystem factors impacting on venture capital  

Other alternative forms of early stage finance:
- Corporate venture capital
- Crowdfunding and business angels
- EIS, SEIS and Venture Capital Trusts

Exiting from a VC deal: 
-Trade sales
-IPOs
-Secondary deals
-Group exercise on issues in exiting from a VC deal via an IPO

 

Pricing Options

  • •  Earlybird - Book by Friday 5th October to receive the Earlybird prices.
  • •  VAT - All prices exclude 20% VAT which will be added to your invoice or credit card transaction

 

Rates

  Earlybird Rate Normal Rate
1 Delegate  £796  £995
2 Delegates  £1433  £1791
3 Delegates  £2149  £2687

 

Want this course in-house? Please click here

For Frequently Asked Questions, please click here

Why Train with Us?

You can register for this programme in 3 easy ways:

  1. Online: using the ‘Book Now’ button found on this webpage
  2. Email: Scan and email to us your completed 1-page registration form, found on this webpage by using the ‘Download Brochure’ link (located top right of this page). Please email the completed form to info@ascentium-associates.com
  3. Telephone: Call us on +44 207 193 5423

Global trends in the venture capital industry

 

The structure of venture capital funds

-The GP – LP fund structure

-Different strategies for VC funds: stage, sector and geographic focus

-Theme approach to VC investment

-Fund strategy exercise

 

Investment risk and return

-Case study on eBay

 

Business proposition:

-Key components of business plan for VC investment

-Business model

-Initial appraisal of business plan

-Porters 5 Forces analysis and traps to avoid with business proposals

-Exercise on investment appraisal using Porters 5 Forces

-Non-disclosure agreements

 

The venture capital investment process:

-Sourcing deals

-Structuring VC deals

-Valuation methods

-Types of financing structure: ordinary shares, preference shares, A ordinary shares

-Worked example on structuring a deal

-Terms included in a typical VC term sheet

-Negotiating a term sheet

-Group exercise on term sheet negotiation

-Carrying our internal and external due diligence

-Investment decision process in VC firms

-Group exercise on the rejection or pursual of a VC deal

-Syndicating deals with local and overseas VCs


Book the course: An Introduction to Venture Capital Deals

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Cancellation Policy - Attendee cancellations received more than fifty (50) days in advance of the course will receive a full refund of the fees paid for a course. Cancellations received from forty-nine (49) to thirty six (36) days in advance of the course will be subject to a fee of 50% of fees paid. All cancellations must be made in writing (by letter, or email - proof of receipt will be required) to the relevant contact at Ascentium Associates or via This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it. .Unfortunately no refunds will be made for cancellations made within thirty five (35) days of a course. Cancellations received less than thirty five (35) days in advance of a course will receive a 100% credit to be used at another course for up to 12 months from the cancellation date.

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If a course is postponed, delegate payments already received are entitled to a full refund of fees paid or they can elect to have the funds credited towards the fees of a future course and receive a 10% discount.

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Programme contents – The course contents delivered verbally or provided in any format are purely for education and information purposes only and do not constitute advice or any course of action. Whilst all reasonable care has been taken for contents to be accurate and up to date, Ascentium Associates accepts no liability for any incompleteness or inaccuracy. Ascentium Associates accepts no liability whatsoever for any direct or consequential loss arising from the use of the contents of a course.

Programme Fee -  Fees allow attendees to go to all the training sessions and food and beverage refreshment breaks at the course. The fee also includes tuition and the training materials, which will be given at the course. Where applicable, the fees  are subject to local taxes such as VAT and these are charged upon registration.

  1. Payment - Full cleared payment of the fees must be received in advance of attending a course. Failure to do so may result in an attendee not being allowed to participate in the course. Payments can be made by most credit cards or wireRegistrations received fifteen (15) days or less before a course commences, then the payment must be via credit card.

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