| |
|
EVENT DETAILS |
Course covers the critical concepts of venture capital, private equity, entrepreneurship, & the market dynamics within the U.S & Asia.
About this event
This course is taught in collaboration between VU Venture Partners & CKGSB Americas. VU Venture Partners is a top global VC fund & operates Venture University, the world's leading investor accelerator for venture capital, private equity, & angel investing.
If you have any questions about the course or need a payment plan, you can message: Jenna Fernandes at Jenna@vufund.vc & Renee Rong at Xrong-bp@ckgsb.edu.cn.
This six day course is designed for three types of individuals:
Individuals looking to break into the VC/PE industry
Corporate executives looking at doing innovation, investing, or M&A within their organizations
Founders of companies that want to think more like investors in evaluating market opportunities & new business models.
Schedule: 6 Days (3 Weekends), 3 Hours per Day, 18 Hours
Dates & Times:
Weekend 1: Nov 27/28, 2021, 9AM-12 PST / 12-3PM EST
Weekend 2: Dec 4th/5th, 2021, 9AM-12 PST / 12-3PM EST
Weekend 3: Dec 11th/12th, 2021, 9AM-12 PST / 12-3PM EST
Instructors:
J. Skyler Fernandes, General Partner, VU Venture Partners
J. Skyler (Sky) Fernandes is ranked as a Powerlist 100 VC & is the Founder & General Partner of VU Venture Partners, a multi-stage global venture capital fund focused on Consumer, Enterprise, Fintech, Frontier, Healthcare, & PropTech. VU has a 70+ person investment team & has offices in San Francisco, New York City, & Hong Kong. Sky is also the Founder & CEO of Venture University, the world's leading investor accelerator for individuals breaking into venture capital, private equity, & angel investing.
Sky has 12+ years of venture capital experience & has invested in 100+ companies including a number of unicorns & companies that have successfully exited via IPO & M&A (Beyond Meat, FabFitFun, Sensity, ShopKick, Made In Space, Spyce, Bear Flag Robotics, etc.). VU's three investment partners have 45+ years of VC experience & were some of the earliest & largest investors in 10+ unicorns including Facebook, Twitter, Uber, Venmo, Palantir, Oculus, Oscar, & Wish.
Sky graduated early from New York University (NYU), summa cum laude, due to his studies at Harvard University in Physics & Foreign Policy. Sky was also an adjunct professor at NYU for 4 years teaching the graduate school course: Venture Capital Intensive.
CKGSB Faculty:
Henry Cao, Professor of Finance & Chair of Finance Department @ CKGSB, PhDs @ UCLA & Yale
Prof. Cao Huining (Henry) is a Professor of Finance & Chair of the Finance Department at CKGSB. He earned a PhD in Finance in 1995 from UCLA & a PhD in Pathology in 1991 from Yale University. Before joining CKGSB, he taught at UC Berkeley, UCSD, Ohio State University, Carnegie Mellon & UNC Chapel Hill. Prof. Cao's research has been published in journals including Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Economic Theory, Journal of Business, Review of Finance & Marketing Science. Prof. Cao is the co-editor of International Financial Review & sits on the editorial board of Annals of Economics & Finance & China Financial Review.
Zhao Jin, Assistant Professor of Finance @ CKGSB, PHD in Finance @ University of Rochester
Dr. Jin is an Assistant Professor of Finance at the Cheung Kong Graduate School of Business. He received his PhD in Finance from Simon Business School, the University of Rochester. His research projects in the areas of entrepreneurship, artificial intelligence, venture capital, & M&As were awarded the 2018 Kauffman Knowledge Challenge Grant. His research about AI was covered in the New York Times, the Wall Street Journal, & Tencent News.
Kevin Chen, Chairman & CEO @ Edoc Acquisition Corporation
Kevin Chen is currently Chairman & CEO of Edoc Acquisition Corporation; Chief Economist & CIO of Horizon Financial; Adjunct Associate Professor at New York University. He is a guest speaker at Harvard University, Fordham University, Pace University, & IESE Business School; Former member of the Adjunct Advisory Committee; & former Interim Head of the Private Sector Concentration program of Ms. Global Affairs, New York University. He is a member of the Economic Club of New York; fellow of the Foreign Policy Association; member of the Bretton Woods Committee. Editorial Advisory Board; member of the Global Commodity Applied Research Digest (GCARD) at JP Morgan Center for Commodities (JPMCC) at the University of Colorado Denver Business School. He co-chairs the New York Finance Forum. Kevin is also a Co-Founder & Vice-Chairman of the Absolute Return Investment Management Association of China.
Overview of Course:
Weekend 1:
Introduction & Comparison VC vs. PE
The VC/PE Ecosystems in U.S. vs. Asia
The VC Funding Food Chain
Accelerators vs. Startup Builders
Angel Groups & VC Funds (Seed through Growth)
Developing Your VC Fund Concept
Developing Your PE Fund Concept
Raising The Fund
Strategies To The Raise Fund
Fund Legal Structures
Salary Compensation: Driven By Fund Size
Carry Compensation: Driven By Fund Success
A Quick Review Of The History of Commerce: Commerce Revolutions
Fund Dynamics: Total Capital To Invest After Mgmt. Fees
Fund Dynamics: Carried Interest & Payouts
Investment Strategy: First Round Capital vs. Follow-on Capital
Company Ownership % vs. Exit Size Analysis
Fund Return Metrics: DPI, RVPI, TVPI
Case Study: A16Z Fund: Unrealized vs. Realized Returns
Deal Sourcing & Due Diligence
Deal Sourcing Channels
Company Evaluation Sheet
Key Due Diligence Docs & Due Diligence Request List
Evaluating Market Opportunity
Evaluating Team
Evaluating Product Market Fit
Evaluating Unfair & Sustainable Competitive Advantages
Evaluating Key Metrics
First Movers vs. Fast Followers vs. Category Creators
Valuation, Ownership, & Dilution
Pre-Money vs. Post-Money Valuation
Share Price Calculation
Weekend 2:
Calculating Pre-$ / Post-$, # Shares, & Ownership
Dilution: How to calculate
Multiple Rounds of Dilution: Visualization
Pro-Rata
Portfolio Co. Case Study: Series A vs. Series B
Case Study: Analysis of Company's Financials
Market Sizing Analysis
Calculating LTV
Calculating CAC
Leading vs. Co-Investing
VC Guest Speaker
Types of Capital: Capital Stack & Investment Terms
Seniority vs. Return
Types of Debt
Convertible Notes vs. SAFE Terms
Valuation Cap vs. Discount Rate
Case Study: Convertible Notes & SAFEs
Common Equity Terms
Preferred Equity Terms
Convertible Preferred vs. Participating Convertible Preferred
Types of Non-Dilutive Capital
Exit Analysis
Strategies to Increase Exit Size
Exit Valuation Multiples
Exit Valuation Comps
Investment Valuation Multiple vs. Exit Multiple
Waterfall Analysis
Calculating IRR & Return Multiple
Investment Strategy
Portfolio Theory - First Round Capital
Portfolio Theory - Follow-on Capital
Follow-on Math: De-risking
Follow-on Investment Decision Tree
Weekend 3
PE Deal Sourcing
Investment Banking
SPACs
PE Due Diligence
PE Investment Terms & Docs (PE, Growth, LBO)
M&A & IPO
Rationale for Acquirer
Acquisition Currency
Market Capitalization
Enterprise Value
Comparable Exit Valuation Multiples
Primary vs. Secondary Markets
IPOs
Why IPO?
Public Valuations
IPO Process
Lockup Period
Recent IPOs
PE Guest Speaker
PE Case Study: Investment & Exit Analysis - Buyout
PE Case Study: Investment & Exit Analysis - Pre-IPO Deal
PE Case Study: Investment & Exit Analysis - Real Estate
Fund Strategy
Optimal Diversification
Target Return Multiple Logic
Vertical Discussions: Consumer Companies
Vertical Discussions: Enterprise Companies
Vertical Discussions: FinTech Companies
Vertical Discussions: Frontier Companies
Vertical Discussions: Healthcare Companies
Vertical Discussions: Crypto / Blockchain / NFTs
Vertical Discussions: Machine Learning / AI vs. Robotics vs. Both
|
|
|
|
|
|
