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.
Offered By
Finance for Startups
Korea Advanced Institute of Science and Technology(KAIST)About this Course
Offered by
Korea Advanced Institute of Science and Technology(KAIST)
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.
Syllabus - What you will learn from this course
Balance sheet and Income statement
We begin to learn startup finance by learning two fundamental financial statements, balance sheet and income statement.
Cash flow statement and financial ratios
You will learn why cash is king! Let's practice financial ratios with real company data.
Financial planning and funding
Financial planning of a startup and seeking funding from outside investors.
VC term sheet and valuation
To understand the contents of a term sheet and the company valuation methods.
Reviews
TOP REVIEWS FROM FINANCE FOR STARTUPS
The course helped me to build finance basics from making a balance sheet to making a Cap table. I also learnt about how to valuate a company and alot more, A big thanks to Steve sir:)
Good Course For those who has started their new company or planning to start it soon. The Financial fundamental may help you to make your financial planning much better.
Great course for founders from tech background. Simple and easy introductions and practical examples. Highly recommended as a first course in finance for founders.
Thank you so much for perfectly explaining these difficult courses. This gave me a challenge, but it's truly worth it. Thank you professor!
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