| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | FIN 335 | ||||
| Course Title in English | Start-up Finance | ||||
| Course Title in Turkish | Girişimcilik Finansı | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Intermediate | ||||
| Semester | Fall | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 131 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites | None | ||||
| Expected Prior Knowledge | None | ||||
| Co-requisites | None | ||||
| Registration Restrictions | Only Undergraduate Students | ||||
| Overall Educational Objective | To acquire relevant knowledge and skills on startups, the entrepreneurial ecosystem and startup financing. | ||||
| Course Description | Startups as one of the most vibrant forms of firm play an important role in an economy supporting the innovation. In today’s business environment, it is crucially important to create and support a dynamic startup eco system for the growth and economic development. Universities contribute startup eco system through university-industry cooperation, academic research and education. Within this context, this course will equip students with a comprehensive understanding of startups, eco system and startup financing in a local and international environment. | ||||
| Course Description in Turkish | Startup’lar dinamik yapılarıyla bir ekonomide inovasyonun desteklenmesinde çok önemli bir rol oynamaktadır. Günümüz iş dünyasında, ekonomik gelişme ve büyüme açısından açısından dinamik bir startup eko sisteminin yaratılması ve desteklenmesi büyük önem taşımaktadır. Üniversiteler; üniversite-sanayi işbirliği, akademik araştırma ve eğitim ile startup eko sistemine önemli katkıda bulunmaktadır. Bu açıdan, bu ders öğrencilerin startupları, finansman yöntemlerini ve eko sistemi yerel ve uluslararası bir bağlamda geniş kapsamlı olarak öğrenmelerini sağlayacaktır. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) understand startups and startup ecosystem 2) carry out financial analysis and calculation of funding need for startups 3) analyze the business models of startups 4) understand commonly used valuation methodologies and their implementation for startups 5) comprehend the importance of and fundamental aspects of venture capital funding. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||||
| 2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||||
| 3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||||
| 4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||||
| 5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||||
| 6) Internalization and dissemination of professional ethical standards. | |||||
| 7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||||
| 8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||||
| 9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||||
| 10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||||
| 11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||||
| 12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||||
| 13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
| 2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
| 3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
| 4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
| 5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
| 6) | Internalization and dissemination of professional ethical standards. | N | |
| 7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
| 8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
| 9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
| 10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
| 11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
| 12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
| 13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
| Prepared by and Date | METİN YILMAZ , September 2018 |
| Course Coordinator | MERVE ÖZ |
| Semester | Fall |
| Name of Instructor | Öğr. Gör. METİN YILMAZ |
| Week | Subject |
| 1) | Introduction: Key concepts and definitions |
| 2) | The Turkish startup eco-system |
| 3) | Regulatory environment in Turkey and other countries |
| 4) | Introduction to company financial statements |
| 5) | Startup business models |
| 6) | Project : Analysis of Turkish startup eco system |
| 7) | Project : Analysis of Turkish startup eco system |
| 8) | Financing of Startups |
| 9) | Customer funded businesses |
| 10) | Mid-term exam |
| 11) | Venture capital funding |
| 12) | Venture capital funding |
| 13) | Valuation methods |
| 14) | Startup valuation |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | -The Entrepreneurial Bible to Venture Capital, by Andrew Romans, 2013, McGraw Hill -The Masters of Private Equity and Venture Capital, Robert A. Finkel with David Greising, 2010, McGraw Hill -The Customer-Funded Business, John Mullins, 2014, Wiley | |||||||||||||||
| Teaching Methods | The course is designed to introduce students to startups and their financing methods within a local and international context. To achieve learning objectives; there will be lectures, related videos and readings. Guest speakers from the startup eco system will create an opportunity for students to connect with the industry and understand real life environment. The course will also involve projects and the cases in real life will be analyzed. In short this course aims at providing a balanced study of the theory and practice in its subject field. | |||||||||||||||
| Homework and Projects | The students are expected to work individually on the first project which involve analysis of an element of Turkish startup eco system. Each student shall present his/her work in the the class. The students will be working as teams on the final project and will make presentations about business and financing of selected startups. The formation of the teams and the details of the project will be provided in due course. All the team members shall take responsibility during presentations. | |||||||||||||||
| Laboratory Work | ||||||||||||||||
| Computer Use | Laptops | |||||||||||||||
| Other Activities | Guest speakers from the industry will be invited to the class to speak and discuss the relevant topics. There will be 3 or 4 guest speakers from VC firms, startups and corporate VCs or innovation teams to bring real life examples into the class. | |||||||||||||||
| Assessment Methods |
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| Course Administration |
yilmazme@mef.edu.tr |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 2 | 98 | ||
| Project | 2 | 8 | 6 | 28 | |||
| Midterm(s) | 1 | 4 | 1 | 5 | |||
| Total Workload | 131 | ||||||
| Total Workload/25 | 5.2 | ||||||
| ECTS | 5 | ||||||