This course is designed for students interested in understanding the role of financial resources in both startup companies and internal projects in existing organizations, and in maximizing those resources. It identifies multiple sources of funding for these ventures and explores their ramifications. Priority will be given to technology-based enterprises. The course will be presented from an engineering perspective and incorporate dialog with actual investors and entrepreneurs as well as case studies. In addition to corporate contacts, students will gain hands-on experience through the application of an operating model developed at WPI to capture and understand the role of early capital in a venture and to explore changes in the capital structure and tactical decisions. Finally, the valuation of an enterprise from inception to liquidation will be explored from the vantage of both the entrepreneur and the ongoing organization.
Recommended background: Knowledge of basic entrepreneurship concepts (ETR 1100)