About this Course

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The course aims at providing knowledge and experience to entrepreneurs and would-be entrepreneurs. Entrepreneurs generally start with a mission, a new idea that they want to bring to the world. If the idea is original, it is probably not expected by the market, which has to be educated. This is a very costly experience. Entrepreneurs need to gather capital at the start of the journey. They need to articulate clear plans, define objectives and resources and raise money accordingly. They also need to manage cash for two reasons: i) because the better it is managed, the less you need to raise with outsiders; ii) because generation of cash flow is the pillar of the valuation of the company. And we should add that the practical reason why a company gets bankrupted is because it runs out of cash..
The course is based on this belief. We look at the myth of the balance sheet and explain the dynamics of cash flows and the way they should be managed. We also investigate the basics of venture capital and provide a practical roadmap to entrepreneurs.

Many courses are dedicated to the same topic. Our originality is that we operate in the advisory board of the private equity firm, Xerys and are board members of their venture companies. In addition, Michel was the country head for Merrill Lynch in France while Philippe served in the same function at UBS. The former as head of investment banking, the latter as head of global markets.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 11 hours to complete

English

Subtitles: English

Instructors

Michel Fleuriet

Administrator PE Fund Xerys

Finance

3,647 Learners

1 Course

Philippe Tibi

Professeur chargé de cours

3,647 Learners

1 Course

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 11 hours to complete

English

Subtitles: English

Syllabus - What you will learn from this course

Week

1

Week 1

3 hours to complete

HOW TO READ A BALANCE SHEET

Welcome! This first week will help you understanding the different types of financial documents and the information each contains with one goal in mind: make more informed decisions about your venture.

3 hours to complete

5 videos (Total 22 min)

5 videos

Why create a company?2m

Figuring the balance sheet10m

Cash conversion cycle2m

Working capital requirement5m

Non-current assets1m

5 practice exercises

Why create a company?30m

Figuring the Balance Sheet30m

Cash Conversion Cycle30m

Working Capital Requirement30m

Non-Current Assets30m

Week

2

Week 2

4 hours to complete

VALUE CREATION AND CASH FLOW

In this module you will learn: How does your venture create wealth? What is a business plan? What is wealth? What are the main financial metrics of wealth creation? How does your venture create cash? What is the Burn rate? Why should you finance your venture through equity? And why not debt?

4 hours to complete

6 videos (Total 34 min)

6 videos

How does your venture create wealth?3m

The main financial metrics of wealth creation6m

How does your venture create cash?7m

Burn rate2m

Why equity?4m

Why not debt?10m

7 practice exercises

What is a business plan?30m

What is wealth?30m

The main financial metrics of wealth creation30m

How does your venture create cash?30m

Burn rate30m

Why Equity?30m

Why not Debt?30m

Week

3

Week 3

1 hour to complete

GROWTH AND MARKET POWER

Understand that growth and size do influence market power and cash flows/profits as a consequence

1 hour to complete

1 video (Total 8 min)

1 video

1.Growth, market power and financing7m

1 practice exercise

Quiz Growth, market power and financing30m

Week

4

Week 4

1 hour to complete

THE ENTREPRENEUR AND THE FINANCIERS

Understand the details of the relation between the entrepreneur and the financier, private equity in the first stages, then the public market at the time of the IPO. Understand the expectations, the documentation and the basis of price discovery

1 hour to complete

2 videos (Total 20 min)

2 videos

4.The entrepreneur and the financier: A long term relationship10m

5.The IPO: The beginning of a new story10m

2 practice exercises

Quiz The entrepreneur and the financier30m

Quiz The IPO30m

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
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.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You’ll be prompted to complete an application and will be notified if you are approved. Learn more.

More questions? Visit the Learner Help Center.

How to finance your venture ?

How to finance your venture ?