Valuation and Financial Analysis For Startups Capstone

Valuation and Financial Analysis For Startups Capstone

This course is part of Valuation and Financial Analysis For Startups Specialization

Instructor: Hyun Han Shin

Access provided by Signature Performance, Inc.

2,229 already enrolled

5 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

No prior experience required

7 hours to complete

Flexible schedule

Learn at your own pace

5 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

No prior experience required

7 hours to complete

Flexible schedule

Learn at your own pace

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Taught in English

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This course is part of the Valuation and Financial Analysis For Startups Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
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There are 5 modules in this course

This is a peer review course. In the capstone project, you are going to apply what you have learned in the previous courses. The final output from this project is an estimation of a firm. You can choose either a public company or a startup depending on the availability of information on the firm. If you have your own startup, then you can do this capstone project on the startup. If not, then you can do this project of a public company. Therefore, the first step is selecting an actual company that you are interested in. Next, you have to do the research on and describe the firm’s industry and business. Based on your research, you make an estimate of firm’s growth, cash flows and earnings. In order to do this, you need to apply what you have learned in financial statement analysis. Once you find firm’s cash flows and earnings, you can apply what you have learned in discounted cash flow method and multiple methods to find the value of the company. In addition to the valuation, you will be given a hypothetical project and have to decide whether to take the project if the opportunity is given to the company of your choice. Be doing this Capstone project, you will complete your understanding of valuation and financial analysis of startups.

For Capstone Project, you are allowed to select a startup of your own choice. Then describe the company in detail such as business industry, competitors (or company) and service or product.

What's included

2 videos4 readings1 peer review1 discussion prompt

2 videos Total 4 minutes

Welcome Video 2 minutes
Describe Businesses and Markets of a Startup 2 minutes

4 readings Total 40 minutes

Specialization RFP for Startup Valuation and Financial Analysis 10 minutes
Specialization Course Title 10 minutes
Sample of Startups & Company Search Website 10 minutes
Lecture Slide 10 minutes

1 peer review Total 60 minutes

Peer Review 60 minutes

1 discussion prompt Total 10 minutes

Company (or startup) selection 10 minutes

For Capstone Project I, you will investigate historical performance of the startup that you select. You need to collect financial statements at least 3 years and need to make up numbers for the startup with reasonable assumptions.

What's included

1 video1 reading1 peer review

For Capstone Project II, you will calculate free cash flow of the startup. In order to estimate free cash flows, you need to make pro forma statements of the startup and estimate external financing needed. Also, calculate internal growth rate and sustainable growth rate.

What's included

1 video1 reading1 peer review

For Capstone Project III, you will find value of the startup using Multiple approach and Discount Cash Flow approach. In specific, you will apply multiple and DCF approach to find terminal value of the startup. After finding the value of a startup, consider the situation where startup finances external financing needed using new investment from venture capitalists.

What's included

1 video1 reading1 peer review

For Capstone Project IV, you will think of an investment opportunity that your startup is likely to face in the near future and determine whether you would accept the investment using capital budgeting techniques. After estimating yearly cash flows of the project, apply three major capital budgeting techniques, NPV, IRR, and payback period, to determine whether you should accept the project.