This course is focused on ideation as the first step in the entrepreneurial process. Subsequent steps include validating a concept empirically and executing against that concept. The focus for this course is on generating business models, novel product ideas, and novel services that meet a verifiable market need. The subject of ideation is approached from the perspective of a Christ-follower who is seeking to live out the gospel through the practice of initiating and growing commercial ventures.
This course introduces students to financial forecasting, revenue and expense models, cash flow management, along with the advantages/disadvantages of bootstrapping, debt financing, and equity-based financing from the perspective of the entrepreneur. Issues including private equity finance from seed stage through growth equity to recapitalization are covered along with deal structure, incentive design, risk-based valuation, and financial management in private, rapidly growing enterprises.