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.
Korea Advanced Institute of Science and Technology
Syllabus - What you will learn from this course
Week
1Balance sheet and Income statement
We begin to learn startup finance by learning two fundamental financial statements, balance sheet and income statement.
8 videos (Total 54 min), 1 reading, 1 quiz
8 videos
CF1-2 Left Side of a Balance Sheet5m
CF1-3 Right Side of a Balance Sheet5m
CF1-4 Construction of a Balance Sheet8m
CF1-5 What is an Income Statement9m
CF1-6 Cost, Expenses & Inventories4m
CF1-7 Profits & Depreciation8m
CF1-8 Construction of an Income Statement4m
1 reading
Week 1 Lecture Slides10m
1 practice exercise
Week 120m
Week
2Cash flow statement and financial ratios
You will learn why cash is king! Let's practice financial ratios with real company data.
7 videos (Total 48 min), 1 reading, 1 quiz
7 videos
CF2-2 Cash Flow Statement Practice5m
CF2-3 Annual Report6m
CF2-4 Financial Ratios-Profitability6m
CF2-5 Financial Ratios-Efficiency8m
CF2-6 Financial Ratios-Liquidity & Leverage9m
CF2-7 Financial Ratios Practice4m
1 reading
Week 2 Lecture Slides10m
1 practice exercise
Week 220m
Week
3Financial planning and funding
Financial planning of a startup and seeking funding from outside investors.
8 videos (Total 50 min), 1 reading, 1 quiz
8 videos
CF3-2 Financial Planning-Balance Sheet6m
CF3-3 Financial Planning-Income Statement3m
CF3-4 Burn Rate6m
CF3-5 Seed Funding7m
CF3-6 Venture Capital Fund7m
CF3-7 Advice on VC Fundraising7m
CF3-8 Funding Practice3m
1 reading
Week 3 Lecture Slides10m
1 practice exercise
Week 320m
Week
4VC term sheet and valuation
To understand the contents of a term sheet and the company valuation methods.
8 videos (Total 55 min), 1 reading, 1 quiz
8 videos
CF4-2 Share Price6m
CF4-3 Liquidation Preference9m
CF4-4 Term Sheet-Control Terms3m
CF4-5 Term Sheet Practice6m
CF4-6 Three Core Things in Valuation8m
CF4-7 Valuation Methods10m
CF4-8 Valuation Practice5m
1 reading
Week 4 Lecture Slides10m
1 practice exercise
Week 420m
Instructor
Steve Ahn
ProfessorK-School
About 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.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.
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