New Venture Finance: Startup Funding for Entrepreneurs
School: University of Maryland
Registration Link: REGISTER HERE
Start Date: December 11, 2017 (4 Weeks Long)
Workload: 3-5 Hours Per Week
Instructor: Michael Pratt
Credentials: A serial entrepreneur, Pratt has spent over 35 years in startup ownership, executive leadership, and finance. During his career, he has launched eleven startups and raised over $100 million dollars in capital. Aside from teaching at the University of Maryland’s Entrepreneurship program, he also serves as managing Partner of Select Venture Partners, an early stage investment management firm. Prior to this venture, he co-founded and operated SpydrSafe Mobile Security, a platform that was recently acquired by Okta. Another of his firms, Trust Digital, was purchased by McAfee. He holds an MS in Marketing from Johns Hopkins University.
Graded: This course does not offer a Statement of Accomplishment. By completing this course, students can count it towards a Signature Track.
Description: This course covers investment from “idea to exit,” teaching students the language, process, and intricacies of generating funding for new ventures. Early on, the course reviews basics like balance, income, and cash flow statements, along with sharing the criteria used by investors to evaluate opportunities. From there, students learn how to identify investors and determine the best time for pursuing capital. In addition, the course will cover how to pinpoint their company’s worth and establish investment tools like stocks. As a final project, students will create a pitch for their company, along with learning strategies for closing funding deals. The course will consist of weekly video lectures and assignments, with performance evaluated through quizzes.
Review: “New Venture Finance is a great course that can help new entrepreneurs and young managers learn quickly, in 4 weeks on how to raise capital at the startup phase and various stages of development of a business. It gives you the do’s and don’ts (practical tips) for creating a pitch deck to impress investors. Prof Michael Pratt is a great teacher, with rich experience in the new venture financing field. He actively participated at the discussion forums to clear the doubts of students. It was a great learning experience.” To read other reviews, click here.
Additional Note: This course is the third in a four part series of courses from the University of Maryland called “Entrepreneurship: Launching an Innovation Business.” To learn more about this specialization, click here.