Course Description

This course examines capital formation and investment dynamics within entrepreneurial and cultural ecosystems. It provides analytical frameworks for understanding equity financing, venture capital structures, alternative funding mechanisms, and hybrid financial instruments. Students evaluate funding strategies in relation to growth trajectories, ownership dilution, governance implications, and long-term strategic control. The course also situates investment practices within the broader cultural economy and public funding environments.

Learning Outcomes

Upon successful completion of this course, students will be able to:

Knowledge

  • Demonstrate understanding of venture capital, angel investment, grant funding, and blended finance models
  • Explain valuation methodologies and capital structure dynamics 

Skills

  • Develop funding strategies aligned with venture growth objectives
  • Construct valuation scenarios and analyze term sheets
  • Prepare investor-facing financial documentation

Competencies

  • Assess trade-offs between funding sources, equity dilution, and governance implications
  • Engage strategically with investors, public institutions, and funding bodies
  • Align financial strategy with long-term mission and impact objectives

Key Topics Covered

  • Venture capital lifecycle and investment logic
  • Startup valuation approaches
  • Equity structuring and shareholder agreements
  • Public and cultural funding mechanisms
  • Alternative finance models (crowdfunding, revenue-based finance)
  • Investor relations and governance structures