About this course: Finance is one of the key ingredients for successful startups. Many entrepreneurs, however, lack knowledge of finance. This course teaches basic financial knowledge needed in starting and operating startups to entrepreneurs or would-be entrepreneurs who did not major in finance. Students of this course will learn to read and understand financial statements such as balance sheets, income statements and cash flow statements. They will also practice simple financial planning of a startup. This course also covers the concept company valuation as well as how startups get funding. This is a practical course aimed at direct application of the knowledge gained into running real startups. It also aims to enable entrepreneurs and would-be-entrepreneurs to understand the "language of finance" so that they can talk to professionals with confidence.
Who is this class for: Advanced undergraduates or Beginning graduates. After completing this course, learners will be able to 1. Read financial statements, 2. Monitor the financial health of her(his) startup, 3. Do simple financial planning and 4. Contact investors to carry out funding.
Created by: Korea Advanced Institute of Science and Technology
Taught by: Steve Ahn, Professor
K-School
| Level | Intermediate |
| Commitment | 2-3 hours/week |
| Language | English |
| Hardware Req | None |
| How To Pass | Pass all graded assignments to complete the course. |
Syllabus
WEEK 1
Balance sheet and Income statement
We begin to learn startup finance by learning two fundamental financial statements, balance sheet and income statement.
8 videos, 1 reading
- Video: CF1-2 Left Side of a Balance Sheet
- Video: CF1-3 Right Side of a Balance Sheet
- Video: CF1-4 Construction of a Balance Sheet
- Video: CF1-5 What is an Income Statement
- Video: CF1-6 Cost, Expenses & Inventories
- Video: CF1-7 Profits & Depreciation
- Video: CF1-8 Construction of an Income Statement
- Leyendo: Week 1 Lecture Slides
Graded: Week 1
WEEK 2
Cash flow statement and financial ratios
You will learn why cash is king! Let's practice financial ratios with real company data.
7 videos, 1 reading
- Video: CF2-2 Cash Flow Statement Practice
- Video: CF2-3 Annual Report
- Video: CF2-4 Financial Ratios-Profitability
- Video: CF2-5 Financial Ratios-Efficiency
- Video: CF2-6 Financial Ratios-Liquidity & Leverage
- Video: CF2-7 Financial Ratios Practice
- Leyendo: Week 2 Lecture Slides
Graded: Week 2
WEEK 3
Financial planning and funding
Financial planning of a startup and seeking funding from outside investors.
8 videos, 1 reading
- Video: CF3-2 Financial Planning-Balance Sheet
- Video: CF3-3 Financial Planning-Income Statement
- Video: CF3-4 Burn Rate
- Video: CF3-5 Seed Funding
- Video: CF3-6 Venture Capital Fund
- Video: CF3-7 Advice on VC Fundraising
- Video: CF3-8 Funding Practice
- Leyendo: Week 3 Lecture Slides
Graded: Week 3
WEEK 4
VC term sheet and valuation
To understand the contents of a term sheet and the company valuation methods.
8 videos, 1 reading
- Video: CF4-2 Share Price
- Video: CF4-3 Liquidation Preference
- Video: CF4-4 Term Sheet-Control Terms
- Video: CF4-5 Term Sheet Practice
- Video: CF4-6 Three Core Things in Valuation
- Video: CF4-7 Valuation Methods
- Video: CF4-8 Valuation Practice
- Leyendo: Week 4 Lecture Slides
Graded: Week 4
FAQs
How It Works
Trabajo del curso
Cada curso es como un libro de texto interactivo, con videos pregrabados, cuestionarios y proyectos.
Ayuda de tus compañeros
Conéctate con miles de estudiantes y debate ideas y materiales del curso, y obtén ayuda para dominar los conceptos.
Certificados
Obtén reconocimiento oficial por tu trabajo y comparte tu éxito con amigos, compañeros y empleadores.
Creators
Korea Advanced Institute of Science and Technology
The Korea Advanced Institute of Science and Technology (KAIST) was established in 1971 by the Korean government as the nation’s first research-intensive graduate school for science, engineering and technology. It has now grown into one of the world’s best universities, delivering top notch education and research programs for undergraduate and graduate students. KAIST encourages interdisciplinary and convergent research across a wide spectrum of disciplines, as well as strong collaborations with industry and global institutions.
Pricing
| Purchase Course | |
|---|---|
| Access to course materials | Available |
| Access to graded materials | Available |
| Receive a final grade | Available |
| Earn a shareable Course Certificate | Available |
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