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Organisatorische Informationen Kursbeschreibung

eventdetails open Kursbeschreibung

Art der Prüfung (Englisch):
Overall Grading:
  • Individual essay: 30%
  • Group assignment: 20%
  • Group project: 40%
  • Class participation: 10%

For details please see Syllabus!

Kursinhalt (Englisch):
Venture capital is an important financial intermediary for, and component of entrepreneurship, innovation and organizational change. By one estimate, over 1,200 VC firms around the world are evaluating more than 20,000 business plans on a given day. The media extensively glorifies venture capitalists, policy-makers increasingly look to venture capital as a source of jobs and economic growth and hardly a day goes without another celebrity in the entertainment industry making a foray into the world of venture capital.

Nonetheless, little is understood about the structure, governance, strategy, incentives, culture, capabilities and operational processes of venture capital organizations. These gaps in understanding yield significant missteps and frustration for those intersecting with venture capital and in fact so much that especially many entrepreneurs feel venture capital is the “dark side” and inherently evil.

By offering a window into the inside dynamics and the intricacies of venture capital, this course aims to bridge these gaps for students and prepare them as a potential entrepreneur, venture capitalist, institutional investor, management consultant or a policy-maker.

The course is divided into four modules.

Literatur (Englisch):
Please also see Syllabus for details:
  • De Clerq, D., Fried, V. H. Lehtonen, O. & Sapienza, H. J. 2006. An Entrepreneur’s Guide to the Venture Capital Galaxy
  • Diane, M. 2013. 6 Myths About Venture Capitalists, Harvard Business Review
  • European Investment Fund (EIF) 2017. The European Venture Capital Landscape: an EIF Perspective
  • Ewens, M. and Rhodes-Kropf, M. 2015. Is a VC Partnership Greater than the Sum of Its Partners?, Journal of Finance

  • Petty, J.S. & Gruber, M. 2011. In Pursuit of the Real Deal: A Longitudinal Study of VC Decision Making, Journal of Business Venturing
  • Friend, T. 18/5/2015. Tomorrow’s Advance Man. The New Yorker Magazine.
  • Malhotra, D. 2013. How to Negotiate with VCs, Harvard Business Review
  • WHU Lecture Note: Convertible Debt
  • WHU Lecture Note: Waterfall Distribution

  • Davila, A., Foster, G. & Ning, J. 2010. Building Sustainable High-Growth Start-up Companies, California Management Review